Retail

Bitter Brew for Coffee Roasters as Vietnam Adds to Brazil Woes

Bitter Brew for Coffee Roasters as Vietnam Adds to Brazil Woes

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Leading coffee roasters have been dealt a blow as a strict lockdown in Vietnam, the world’s 2nd biggest grower has led to higher bean prices.
Macy’s Raises Annual Sales Forecast As Shoppers Return to Stores

Macy’s Raises Annual Sales Forecast As Shoppers Return to Stores

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The company also said it expects 2021 adjusted earnings per share of $3.41 to $3.75, compared to a prior forecast of $1.71 to $2.12.
Labor Official Recommends Alabama Amazon Union Election Results Should Be Scrapped

Labor Official Recommends Alabama Amazon Union Election Results Should Be Scrapped

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NLRB official recommends that the results of the milestone union election at an Amazon warehouse in Alabama held earlier this year be scrapped and that a new election be held due to illegal misconduct on the part of the e-commerce giant.
UK Retail Sales Dip Slightly in July After Post-Lockdown Jump

UK Retail Sales Dip Slightly in July After Post-Lockdown Jump

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British retailers reported only a slight slowdown in July after sales growth hit its highest in almost three years in June. 
Coffee Prices Surge to Seven-Year High

Coffee Prices Surge to Seven-Year High

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Arabica coffee prices rose 10% more, after jumping nearly 20% last week, to their highest in 7 years as cold weather threatens coffee crops.
Versace Makes Retail Push in the U.S.

Versace Makes Retail Push in the U.S.

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Versace continues to invest in the North American market to expand its retail network and opened a 3070-sq-ft store in the heart of SoHo.
U.S. Retail Sales Unexpectedly Rise 0.6% in June

U.S. Retail Sales Unexpectedly Rise 0.6% in June

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U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services.
Chinas Economy Sees New Pockets of Growth in Rising Shopping Trends

China’s Economy Sees New Pockets of Growth in Rising Shopping Trends

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Chinese brands were able to adapt more quickly to local trends than foreign brands last year, as per the “China Shopper Report."
Losses to Continue for Few Years but e-grocers Playing for Big Profits

Losses to Continue for Few Years but e-grocers Playing for Big Profits

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Arpit Mathur, partner at Kearney, observes that e-grocers need new customers and acquiring consumers is expensive.
Bank Of America CEO Brian Moynihan Says Consumer Spending Is 20% Higher This Year Than 2019

Bank Of America CEO Brian Moynihan Says Consumer Spending Is 20% Higher This Year...

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Transaction volumes on customers’ credit and debit cards and over the Zelle payment network have grown by 20% so far this year compared to this point in 2019.

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