BERLIN/LONDON (Reuters) – Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters.
Prices paid in Europe for fast-moving consumer goods rose at their slowest pace since 2010 in the third quarter, and fell in Spain, France and Italy, according to consumer data firm Nielsen, weighing on retailers’ revenues and share prices.
BERLIN, Nov 26 (Reuters) – Europe’s largest online fashion
retailer Zalando said it is on track to make its first
full-year profit as it reins in marketing spending after
reporting sales growth slowed slightly in the third quarter.
Shares in the Berlin-based firm, which had sagged since
listing in Frankfurt last month, were up 7.7 percent by 0827 GMT
to 21.62 euros, above their issue price of 21.50 euros.
BERLIN, Nov 24 (Reuters) – Gap Inc has struck a deal
with Europe’s largest dedicated online fashion retailer Zalando
to sell its core brand from next May, hoping to reach
more consumers, particularly in markets where it has no physical
The U.S. company already delivers to 24 European countries
from its own website and has more than 200 stores on the
continent but is not present on the ground in key markets such
BERLIN, Nov 19 (Reuters) – German fashion house Hugo Boss
wants to move further into the luxury market and
promote its brand more consistently around the globe to help it
accelerate sales growth and improve margins in coming years.
Focused on smart but affordable menswear, the group said it
would upgrade its core BOSS brand, including by offering more
made-to-measure suits, with the aim of eventually doubling the
proportion of sales made from luxury items to 20 percent.