Retail Sector

Formal Complaint Filed against Walmart for Violating Workers’ Right of Protest and Strike

Federal officials from the National Labor Relations Board have filed a formal complaint against Walmart for violating workers' right to protest and strike.

It has been found that Walmart has illegally fired, threatened and punished around 60 of their employees in 14 states. These were the employees who have taken part in protests against the company for low wages and working conditions.

People Adopting New Ways to Shop, Payment by Cash Falls 10%

Published today, the British Retail Consortium's (BRC) Cost of Payment Collection Survey has revealed the major change in the way people shop. Though payment by cash is still favorite of the UK Folks, the same has fallen by 10% as compared to last year.

Sports Direct Buys More Than 51% Stakes in Two European Retailers

As per reports, a sports retailer named Sports Direct has bought more than 51% stakes in two of the European sporting goods retailers named Sports Eybl & Sports Experts.

It emerged that the acquisition was made by the owned subsidiary Sportsdirect. com Retail. As a result Sports Direct will invest about _30m in subordinated debt with majority of the same paid to the Eybl, based in Austria.

Cold Weather Along with Easter Timings Face Dip Retail sales in April

As per the official data released by the Office for National Statistics (ONS), the retail sales in UK fell by 1.3 per cent in April. In comparison to the month of March, both the amount purchased and the amount of money spent witnessed a downfall by 1.3 per cent.

Tesco agrees not to display Misleading Price Comparisons with Aldi

Tesco has agreed in the front of Justice Peter Kelly in the Commercial Division of the High Court that it will not display any sort of misleading price comparisons with rival Aldi. Not only this, it has also agreed to pay €150,000 to Aldi in the form of compensation.

Dixons Retail Witnesses Profit after 5 Years

It is one of the greatest moments for Dixons Retail, which is the owner of Currys and PC World. They have seen growth for the first time in last five years. For last five years, they were witnessing poor sales in their UK operations and the benefit has been witnessed after a long time.

European Retail Sales Rise From May’s Drop

European retail sales is reported to have risen from May’s drop in June, as it rose by 0.9%, after dropping 1.3% in the previous month. Hence, economists projected a gain of 0.5 %, as sales dropped 0.4 % from a year ago.

Also, in Germany, Europe’s largest economy, retail sales went up 6.3% from May, when they dropped by 2.5%, and French sales moved 0.7%, as Spanish sales fell 0.5%. In Ireland, sales were low, and in Portugal, they surged by
0.9%, with the countries receiving ‘European Union-led rescue funds’.

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