Global Banking & Finance

JULY 12, 2023

Discount retailer Pepco’s sales growth slows LONDON (Reuters) -European discount retailer Pepco Group reported a slowdown in underlying sales growth in its latest quarter on Thursday, saying it faced a challenging trading environment in April and May, particularly in Central Europe.

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Global Banking & Finance

APRIL 19, 2024

UK retail sales stagnate despite easing inflation By Suban Abdulla LONDON (Reuters) -British retail sales stagnated in March despite high inflation easing recently, representing the first time that they have not grown in monthly terms since December, the Office for National Statistics said on Friday.

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Global Banking & Finance

JUNE 18, 2024

Dollar pares gains after US retail sales miss expectations in May By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar pared gains against the euro on Tuesday after retail sales data indicated signs of exhaustion among U.S. retail sales increased less than […]

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Global Banking & Finance

APRIL 15, 2024

retail sales By Karen Brettell NEW YORK (Reuters) – The dollar reached its highest since early November against a basket of currencies on Monday, and sent the yen to its lowest level since 1990, after U.S. retail sales increased more than expected in March. Retail sales […]

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Global Banking & Finance

MAY 24, 2024

Washout for UK retailers as rain spurs sharp drop in April sales By Andy Bruce (Reuters) -British retail sales slid by far more than expected in April as rainy weather kept shoppers away, in more mixed economic news for Prime Minister Rishi Sunak ahead of a national election, data showed on Friday.

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Global Banking & Finance

OCTOBER 20, 2023

Sterling at weakest vs euro in five months as retail sales weigh LONDON (Reuters) – The pound was at its weakest against the euro in five months on Friday and was also under pressure versus the dollar as weak retail sales data reinforced fears about the health of the British economy. The euro climbed as […]

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Sun Acquisitions

JANUARY 26, 2024

The quest to boost retail sales can often seem like an uphill battle in the competitive landscape of medical spas or med spas. One such strategy that has gained traction is utilizing mergers and acquisitions (M&A) to buy another med spa business with proven retail success into an existing Med Spa model.

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Global Banking & Finance

JULY 4, 2023

Chinese smartphones sales exceed 70% of Russian market (Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year.

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Global Banking & Finance

AUGUST 15, 2024

retail sales data soothed fears about slowing economic growth, and tempered investor bets of imminent aggressive interest rate cuts. Retail sales increased 1.0% By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON (Reuters) -World stocks rose on Thursday and Treasury yields spiked after surprisingly strong U.S.

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Global Banking & Finance

OCTOBER 18, 2023

UK mobile operator EE eyes growth with new retail platform LONDON (Reuters) – EE, Britain’s biggest mobile operator, on Wednesday announced the launch of a sales platform called EE ID that will offer gaming consoles and other electronics to its customers and others.

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CNBC: Investing

DECEMBER 13, 2023

Goldman expects retailers such as Target to offset pricing pressure with market share gains and more sales.

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Razorpay

AUGUST 14, 2024

The Razorpay D2C & Retail Summit 2024 is set to be a landmark event for the D2C and retail sectors. What is the Razorpay D2C & Retail Summit? What is the Razorpay D2C & Retail Summit? It aims to provide a platform for D2C and retail brands to connect, learn, and grow.

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Global Banking & Finance

OCTOBER 17, 2024

By Stephen Culp NEW YORK (Reuters) – U.S. stocks followed their European counterparts higher on Thursday as investors parsed an array of mixed quarterly earnings and digested a series of robust economic reports. All three major U.S.

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Global Banking & Finance

NOVEMBER 15, 2023

retail sales fall less than expected By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar gained on Wednesday after U.S. retail sales fell less than expected in October, bouncing off its biggest drop in a year the previous day when cooler U.S. Dollar gains after U.S.

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Global Banking & Finance

OCTOBER 10, 2024

By Helen Reid LONDON (Reuters) – IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a recovery next year. Ingka Group, which owns most IKEA stores globally, reported 39.6 billion […]

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JD Supra: Mergers

OCTOBER 3, 2024

Over the last five years, auto and equipment dealers experienced a period of low inventory levels with high margins on the limited inventory they had for sale and lease. Used automotive and equipment wholesale and retail prices surged. By: Womble Bond Dickinson

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Global Banking & Finance

AUGUST 15, 2023

Dollar falls after stronger-than-expected retail sales data, yuan falls to 9-month low By Hannah Lang, Joice Alves and Samuel Indyk WASHINGTON/LONDON (Reuters) – The dollar index was lower after data showed U.S.

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The TRADE

JANUARY 23, 2024

Omar Darwish has joined fintech pioneer GTN as equity sales trader following a three-and-a-half-year stint at Arqaam Capital. Throughout his career, UAE-based Darwish has also worked as sales trader at investment banks Credit Suisse and Commercial International Bank (CIB).

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Global Banking & Finance

SEPTEMBER 25, 2024

GDANSK (Reuters) – Poland’s largest apparel retailer LPP confirmed its full-year revenue target of 20-21 billion zlotys ($5.2-5.5 billion) on Wednesday after posting a flat second-quarter net profit, as rising costs of stores and distribution offset higher sales.

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Global Banking & Finance

AUGUST 27, 2024

LONDON (Reuters) – More than 3,500 current and former shop workers at British retailer Next have won a six-year legal fight for equal pay, lawyers representing the claimants said on Tuesday.

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Global Banking & Finance

OCTOBER 26, 2023

UK retailers suffer joint-worst October on record: CBI LONDON (Reuters) – British retailers reported their joint-worst October for sales volumes on record and they expect another difficult time in November as households struggle with the higher cost of living, a Confederation of British Industry survey showed on Thursday.

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Global Banking & Finance

AUGUST 2, 2024

By Savyata Mishra (Reuters) -Shares of Amazon.com fell more than 12% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper options for purchases.

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Global Banking & Finance

SEPTEMBER 11, 2024

By Corina Pons MADRID (Reuters) -Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting its share price as the world’s largest listed fashion retailer recovered from a summer marred by poor weather. Shares in Spain’s Inditex were up 4.6%

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Cisco: M&A

FEBRUARY 1, 2024

We asked Jeremy Martin (Sales Leader, Americas, Webex CPaaS Solutions) to discuss Webex Connect and how… Read more on Cisco Blogs Join us as we dive deeper into Cisco and Cisco Partner technology deployed at the Cisco Store!

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CNBC: Investing

SEPTEMBER 7, 2023

Analyst Peter Saleh trimmed his estimates for same-store sales, a key metric used by retailers and restaurants, for these three stocks.

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Global Banking & Finance

SEPTEMBER 20, 2024

(Reuters) – UK shares slipped on Friday while the British pound jumped, though the stock index was set to eke out weekly gains riding on a rise in global risk sentiment following the U.S. Federal Reserve’s bumper rate cut. At 0715 GMT, the FTSE 100 fell 0.5%, as a 0.4% rise in the British pound […]

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Global Banking & Finance

OCTOBER 8, 2024

By Helen Reid (Reuters) -Shein’s British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London.

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Wall Street Mojo

JANUARY 3, 2024

What Is Sales Return Journal Entry? Sales Return in terms of payroll journal entry can be defined as the one which shall be used to account for the customer returns in the books of account or to account for when there is a return of goods sold by the customer due to defective goods sold, or misfit in requirement of the customer, etc.

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Global Newswire by Notified: M&A

NOVEMBER 30, 2023

The acquisition extends Nayax’s global reach in attended retail while tripling our distribution network and adding 150K point of sale lanes The acquisition extends Nayax’s global reach in attended retail while tripling our distribution network and adding 150K point of sale lanes

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Global Newswire by Notified: M&A

JULY 31, 2024

NASDAQ: ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced it has completed the sale of digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE.

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Global Banking & Finance

MARCH 28, 2024

JD Sports’ January sales fall in ‘challenging’ market LONDON (Reuters) -British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%. 4 […]

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The New York Times: Banking

SEPTEMBER 15, 2023

Consumers are spending a little more, but apartment prices and the pace of construction keep falling.

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The TRADE

AUGUST 10, 2023

Virtu has entered into a strategic alliance with InvestorLink to offer retail investors better access to the primary markets. We are delighted to collaborate with InvestorLink to help connect retail brokers with hard-to-access investment solutions,” said Stephen Kay, global head of broker-dealer sales at Virtu. “By

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Global Banking & Finance

MARCH 26, 2024

UK’s ASOS posts 18% drop in first-half sales LONDON (Reuters) – Online fashion retailer ASOS posted an 18% drop in sales in its first half, but said it was on track to meet guidance for sales to decline by 5-15% over the full-year, as its plan to revive the business takes shape. Since the pandemic […]

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Wall Street Mojo

JANUARY 17, 2024

What Are Sales Returns And Allowances? Sales Returns and Allowances (SRA) are contra-revenue accounts with negative balances. For this, businesses deduct the amount identified under the returns and allowances head from the gross sales figure, and the net sales figure is derived from this calculation.

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Global Banking & Finance

MAY 1, 2024

Britain’s Next keeps profit guidance after first-quarter sales rise By James Davey LONDON (Reuters) -British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance.

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Peak Frameworks

MAY 2, 2024

Understanding Every Day Low Prices (EDLP) Every Day Low Prices (EDLP) is a pricing strategy that promises customers low prices without having to wait for sales. Large retailers like Walmart and Amazon promise EDLP in order to incentivize customer purchases and instill shopper loyalty.

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