American manufacturer of consumer products Procter & Gamble has lowered its financial prospects for its fiscal year 2014, as disappointing exchange rate fluctuations in the emerging markets are hampering its turnover.
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The first quarter of Metro Group’s fiscal year 2013/14 has not performed as well as the same quarter the year before, as turnover dropped 3.3 %. The like-for-like turnover did manage to remain stable compared to the year before.
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Retail trade in the euro area has dropped 1.6 % in December compared to the month before. The Belgian drop was even higher, with - 1.9 %: it seems the holiday bonuses went straight into the bank accounts.
Philip Morris has shipped 880.2 billion cigarettes in 2013, which is 5 % less than what it managed to ship in 2012. The drop, from 927 billion cigarettes, was mainly because of higher duties in Europe and Asia.
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According to researchers at the University of Michigan, shopping is a very efficient way to get rid of sadness or feeling
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British Unilever’s 2013 turnover dropped 3 % to 49.797 billion euro, but the decrease was mainly because of exchange rate fluctuations: at stable rates, there would have had a 3.2 % increase.
warehouse chain Le Printemps has opened
its first new store in 32 years in Le Carrousel du Louvre, the luxury shopping centre below
the pyramid of France’s most famous museum.
German retail group Metro has had a disappointing quarter: between 1 October
and 31 December 2013, the concern saw its turnover drop 3.3 % to 18.7 billion euro.
An increasing number of luxury brands aknowledge the importance of being near
travelling consumers and open
stores in airports or on cruise ships. This sector sees plenty of growth possibilities because of the growing number of Asian
The European Union is going to
regulate the sale of the electronic cigarette: the product will have to
adhere to rules for medication and tobacco products, while the latter will get even stricter rules.
Galeries Lafayette is in
“exclusive” and “advanced” talks to
purchase the luxury chain House of Fraser. The chain of highly valued
department stores would be worth half a billion euro.
German group Metro has created a higher turnover and EBIT in its short financial
year, mostly thanks to rising online sales. The company expects to continue this
positive trend in the following financial year.
British-Dutch Unilever will
continue its rationalization as it seeks
to reduce its product references by another 30 %. On top of that, more than
800 marketing jobs will be cut in an attempt to save an additional 500 million
742 web shops selling counterfeit
products have been shut down in a large-scale international collaboration. Belgian
customs closed down 254 .eu domains and 7 .be domains.
Americans have ‘only’ spent 57.4 billion dollars (42 billion euro) during
the extended Thanksgiving holiday, 2.7 % less than in 2012. It is the first time since 2009 that the numbers dropped.