Merchandising
Turks mostly bought food, health products online last year
Turkish consumers mostly ordered food, health and beauty, clothing and technology products last year, a report by e-commerce platform Hepsiburada has shown.
Small household appliances were also among the most popular items among online shoppers.
Consumers went online for shopping mostly on Mondays and Tuesdays and between 9 p.m. and 10 p.m.
Retail’s December turnover to match expectations
"It appears that the forecast for the turnover of the retail market in December - that it will exceed last year's 3.83 billion euros and peak at above €4 billion - is going to prove accurate, while the consumers' preferences regarding gifts remained the same, with clothing and footwear in first place, followed by gift items, toys and cosmetics," the president of the Piraeus Chamber of Commerce
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E-commerce keeps expanding
More than 50% of internet users make online purchases, more than double the percentage of 10 years ago, pointing to the incredible momentum of e-commerce.
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Limits considered on retailers’ offers to consumers
The Ministry of Development is considering imposing a limit on promotional actions by retailers through the definition of a maximum percentage of volume and value of a product that will be allowed to be sold under an offer regime, Kathimerini understands.
From Today: 50 Foods in Bulgarian Stores - With Low Prices!
The prices of a minimum of 50 food products in the large retail chains that have joined the campaign of the Bulgarian Ministry of Economy and Industry will be lower from today - November 15. They will be branded with the "Affordable to You" (Достъпно за вас) logo.
FMCG retail grows 86 percent in eight months
Fast-moving consumer goods (FMCG) retail, excluding tobacco and alcohol, in Türkiye grew by 86 percent in the first eight months of 2023, a report by NielsenIQ has shown.
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Higher costs dent Nike profits
Nike reported a drop in quarterly profits on June 30 despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.
The sports giant reported profits $1.0 billion for the quarter ending May 31, down 28 percent from the year-ago period.
Revenues rose 5 percent to $12.8 billion.
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Is the Household Basket nearing its end?
The relentless rise of food prices is expected to be the biggest headache for the Development Ministry's new leadership.
The challenge is even greater as this Friday the much-touted Household Basket measure expires, as does the provision on the ceiling on profit margins for a range of essential commodities.
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Thefts from UK convenience stores surge to record level
Theft from convenience stores in the U.K. reached record levels last year, according to a trade body, blaming criminal gangs and a cost-of-living crisis.
The Association of Convenience Stores (ACS), which represents 48,000 stores, said there were more than 1.1 million incidents in the last 12 months.
Türkiye’s FMGC retail grew nearly 100 percent last year
The retail of fast-moving consumer goods (FMCG) in Türkiye grew 99 percent last year compared with 2021, according to research conducted by consumer intelligence company NielsenIQ.