Russians buy last goods from H&M, IKEA as stores start exit | War news between Russia and Ukraine

Mega retailers H&M and IKEA are dissolving their stocks in Russia as they wind down their businesses in the country. Russians are packing western fashion and furniture this week as H&M and IKEA sell the last of their stock in Russia and move on to exit the country after it sent troops to Ukraine. Sweden-based … Read more

How to save on groceries amid food price inflation?

Just go to the supermarket to feel the effects of inflation. While inflation generally began to decline last month along with gas prices, food costs rose 1.1% in July, bringing year-over-year gains to 10.9%, according to the latest figures from the United States. Consumer price index. The food-at-home index, a measure of supermarket price changes, … Read more

Jobs for companies in India, Australia, Singapore are in these sectors: LinkedIn

Fears of a recession may be looming in Asia-Pacific, but that won’t stop companies in India, Australia and Singapore from continuing to hire, LinkedIn said. As economies reopened after the pandemic, companies in the hospitality, retail and entertainment sectors took on more staff, said Feon Ang, Asia-Pacific director at the professional networking platform. All three … Read more

Why the price of a pint of beer in the UK is through the roof

LONDON – The average price of a pint of beer in the UK has risen 70% since 2008 – well above inflation – and some Londoners are bidding as much as £8 ($9.70) for 568ml of the amber nectar. According to figures from consultancy CGA, the average cost of a pint has risen from £2.30 … Read more

2020 changed the economy in ways we can’t yet understand

National Guard troops pose for photographers on the eastern front of the U.S. Capitol, the day after the House of Representatives voted for the second time on January 14, 2021 in Washington DC to impeach President Donald Trump. Chip Somodevilla | Getty Images In an earnings call this week, Yum Brands CEO David Gibbs expressed … Read more

Walmart fires corporate employees after cutting forecast

Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey VIEW press | Corbis News | Getty Images Walmart has begun firing company employees, the company confirmed Wednesday, about a week after it cut its earnings forecast and warned consumers had been pulling back on discretionary spending due to inflation. … Read more

Amazon same-day delivery for retail chains

Amazon’s latest Prime perk is same-day delivery from stores like GNC and PacSun. Why it matters: The added service shows how much its consumer retail business has contributed to its businesses’ e-commerce. Fast overtaking: Amazon today announced that Prime members in more than 10 cities, including Atlanta, Chicago, Dallas, Seattle and Washington, DC, can get … Read more

Alibaba shares have fallen this week. This is why.

Font size Alibaba shares have fallen since the company said it would apply for a primary listing in Hong Kong. (Photo by GREG BAKER/AFP via Getty Images) Shares of Ali Baba , the Chinese e-commerce giant fell sharply on Friday after a report that said billionaire Jack Ma plans to relinquish control of Ant Group. … Read more

Best Buy lowers sales forecast as inflation puts pressure on shoppers

Customers shop at a Best Buy store in Chicago, Illinois on August 24, 2021. Scott Olson | Getty Images Best Buy lowered its forecast for the fiscal year and the second quarter on Wednesday as demand for consumer electronics has declined amid inflation. The consumer electronics retailer said it now expects same-store sales to fall … Read more

US consumer confidence falls for third straight month in June

The numbers: The consumer confidence index fell to 95.7 in July from a revised 98.4 in the previous month, the Conference Board said Tuesday. The decline was greater than expected. Economists polled by The Wall Street Journal had forecast a drop to 97 from the June first reading of 98.7. Key details: The portion of … Read more