Shoppers Are Facing Shortages of Beer to Popcorn This Summer

Breadcrumb Trail Links PMN Business A shortage of popular food items from popcorn to sriracha is hitting restaurants and grocery shelves this summer, a sign that the world’s immense supply chains are still under pressure. Author of the article: Bloomberg News Sing Yee Ong A round of beers at the Victuals Market in Munich, Germany, … Read more

Best Buy sees lower TV, computer sales as inflation hits shoppers’ wallets By Reuters

© Reuters. FILE PHOTO: A person enters a Best Buy store in Manhattan, New York City, U.S., November 22, 2021. REUTERS/Andrew Kelly By Uday Sampath Kumar (Reuters) -Best Buy Co Inc cut its annual profit forecast on Tuesday due to lower demand for TVs and computers, making it the latest major retailer to underline the … Read more

UK shoppers cut spending as inflation squeeze tightens

Breadcrumb Trail Links PMN Business Author of the article: Reuters William Schomberg Article content LONDON — British shoppers, feeling the hit from surging inflation, cut their spending for the first time since early 2021 when the country was under a coronavirus lockdown, according to a survey published on Tuesday. The British Retail Consortium (BRC) said … Read more

Shopify earnings underwhelm as shoppers return to stores

Shopify became the latest ecommerce company to suffer from the slowdown in the pandemic-fuelled boom after it reported below-expectations first-quarter earnings and saw its shares drop almost one-fifth. The Canadian company, whose software helps merchants and brands create an online storefront, on Thursday reported sales for the three months to March up 22 per cent … Read more

Alibaba targets bargain-hunting shoppers to boost slowing sales growth

In the northern industrial town of Baoding, toilet paper rolls off Jinye’s industrial machinery, ready to be sent direct from the factory floor to bathrooms across China. Sales of Jinye’s absorbent tissues have exploded since it became one of the first companies to open a store on Alibaba’s Taobao Deals, a platform launched by the … Read more

Beijing shoppers clear store shelves as district starts mass testing

Breadcrumb Trail Links PMN Business Author of the article: Article content BEIJING — Beijing residents snapped up food and other supplies as the city’s biggest district began mass testing of all residents on Monday, prompting fears of a Shanghai-style lockdown after dozens of COVID-19 cases in the capital in recent days. Authorities in Chaoyang, home … Read more