Source link The sector recorded a 1.7% drop during the Christmas season alone, official statistics show German retail sales saw a sharp drop in 2023, according to preliminary data released on Wednesday by Germany’s Federal Statistical Office (Destatis). In price-adjusted terms, sales in the sector were down 3.3% from 2022 and 3.9% from 2021, a […]
Source link H&M was blasted for a marketing campaign about schoolgirls that “make heads turn” The Swedish clothing giant H&M has pulled one of its online school-season ads after being accused of sexualization of children. The advertisement shown on social media in Australia featured two young girls in black-and-white school uniforms holding pink backpacks. The caption […]
Source link Spending during the holiday season was weaker than expected, according to industry data UK retailers reported lackluster sales around Christmas as consumers continue to struggle amid soaring inflation, the British Retail Consortium (BRC) and consultancy KPMG have jointly reported. Data released on Tuesday shows that total sales rose just 1.7% in December, compared […]
Source link Online and offline Christmas sales in Germany have slowed amid rising economic uncertainty, the managing director of the German Retail Association (HDE), Stefan Genth, told Frankfurter Allgemeine this week. Soaring inflation and geopolitical conflicts, including tensions in Ukraine and the Middle East, have caused consumer sentiment in Germany to dip, Genth said. The […]
Source link Walmart stops advertising on X, adding to growing list of companies distancing themselves from the platform US retail giant Walmart has announced it is suspending advertising on X (formerly Twitter), becoming the latest major brand to abandon the platform. Corporations including Apple, Coca Cola and Disney have halted their paid ads on X […]
Source link UK retail sales fell unexpectedly in October, with the volume of goods sold in stores and online slumping 0.3% month-on-month, the Office for National Statistics (ONS) reported on Friday. Economists were expecting an increase of 0.4% for the month of October. Instead, sales plummeted to their lowest level since early 2021, when Covid […]
Source link The escalation of the Gaza conflict has sparked calls to shun goods linked to the Jewish state Lidl supermarkets have come under fire in France for allegedly trying to disguise the origin of products from Israel, local media reported over the weekend. According to the reports, French netizens have spotted Lidl labeling Israeli […]