Tag Archives: Shoppers

Shoppers are propping up the economy. What if they stop spending?

1. Negative feedback loop: The American shopper — the MVP of the national, if not the global, economy — is suddenly showing signs of fatigue. Core retail sales plummeted 1.7% in December, the most in nearly two decades. Blame the December stock market chaos. Or the beginning of the government shutdown. Or even “glitches” in the data, as White House economic ... Read More »

Why do Indian online shoppers trust Flipkart more than Amazon? This survey has the answers

At least on one front, homegrown Flipkart appears to be inching ahead in its fierce battle against American e-commerce major Amazon. Indian shoppers trust Flipkart as a brand more than Amazon, according to a recent survey by e-commerce advisory firm Redseer Management Consulting, which polled 7,500 respondents across 30 cities between July and September 2017. The survey rates the companies ... Read More »

UK shoppers spend more in September, Brexit worries likely to weigh – BRC

British consumers picked up the pace of their spending in September after a weak August, but the country’s planned exit from the European Union is likely to weigh on sales ahead, an industry group said on Tuesday. Spending rose by fell by 1.3 percent compared with September last year, recovering from a fall of 0.3 percent in August, the British ... Read More »

Shoppers Stop reviewing duty-free airport venture

Fashion retailer Shoppers Stop has said it is reviewing the joint venture with Nuance Group, under which it had forayed into duty-free airport retailing, as there is not much scope for “cash flow and profitability“. “We are always reviewing all formats, all businesses based on their profitability on long-term basis. Hence, we are also reviewing our airport business,” Shoppers Stop ... Read More »