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...British retail sales fell more than expected in July as an unusually wet month discouraged shoppers from the high street, according to official statistics....
...In addition, wet weather means fields are not drying out in time for farmers to sow seeds....
...“Unchanged retail sales volumes in February, as shoppers largely shrugged off the unusually wet weather, provided further evidence that a rebound in retail activity, and perhaps the wider economic recovery...
...This was better than the 0.3 per cent drop forecast by economists polled by Reuters because of wet weather....
...Consolidation in the cycling sector and more customers making purchases on credit had also led to weaker profit margins in the group’s retail business, it said....
...“The wet weather has been a key factor in the slowdown in discretionary spending, as it’s meant fewer visits to the high street and to hospitality venues,” said Karen Johnson, head of retail at Barclays....
...This makes going to a convenience store the obvious solution to many needs, from buying a litre of milk to paying utility bills (in cash, with a receipt stamped with a hanko seal), finding an electronic...
...Rising delinquencies as well as faltering retail sales growth will add to the pressure....
...wet summer weather in its third quarter”....
...But while retail spending on sportswear is back above pre-Covid levels — at $395.5bn globally last year, according to Euromonitor — share valuations have yet to catch up....
...The Family Dollar deal, struck at an enterprise value of $9.2bn after a fierce bidding war with Dollar General, has instead left the retailer exposed to the toughest part of a struggling bargain retail market...
...the Warhammer Fantasy universe following the release of the initial production....
...to remain on the weak consumer backdrop in both the US and UK....
...Press the edges all around to seal, using the tips of your fingers or the prongs of a fork. Transfer to a tray lined with baking parchment. Egg wash all over and sprinkle with the sesame seeds....
...British retail sales fell much more than expected in July as an unusually wet month kept shoppers from the high street, according to official statistics....
...Mastercard and Visa then split the fees received with the banks that issue the cards and the tech firms that facilitate the payments....
...The retailer entered an agreement with the government to defer its tax and social security payments during the negotiating period....
...At the moment, the retail titan mainly sells ads on its websites, apps and self-checkout screens in stores....
...By contrast, Home Depot suffered a 3 per cent decline in full-year revenues as its retail customers put off big DIY projects. Rival Lowe’s reported an even steeper 11 per cent drop in annual sales....
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...“Both the cycling and retail motoring markets have been impacted by a combination of continued weak customer confidence and unusually mild and very wet weather,” Halfords said in a trading update....
...of strong discipline, the pricing power of the brands, and we continue to invest in growth longer term....
...retail due to the poor weather.”...
...But it would also leave Macy’s exposed to rising rent payments and limit its ability to reinvest in the core retail business....
...A Deloitte study commissioned by the company estimates that the average host in the Paris region will generate €2,000 in additional income during the games....
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