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

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.

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.

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