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Retail executives say the World Cup, moved to the winter to avoid the intense Qatari summer temperatures, has totally thrown the algorithms they increasingly use to predict trading and plan their logistics. "It's also an executional headache, because right when you want to have everything Christmas out, you've got to somehow reflect slabs of booze and snacking for the World Cup," he said. During the last World Cup in July 2018, which coincided with a prolonged period of hot weather, shoppers visited UK supermarkets an extra 13 million times, according to market researcher Kantar. Of course, customers visiting stores to buy festive goods could buy in World Cup supplies at the same time. "It's not going to be as big as the summer World Cup, that is clear," said Fraser McKevitt, head of retail and consumer insight at Kantar.
REUTERS/Phil NobleLONDON, Oct 18 (Reuters) - Britons are spending more nights in, taking packed lunches to work and eschewing new clothes and treats to ensure they can cover rising energy bills this autumn and winter, according to data from Barclaycard published on Tuesday. Barclaycard's survey data found 53% of Britons are planning to cut down on discretionary spending to be able to afford their energy bills. The data showed 51% of Britons are planning to spend more evenings at home over the coming months. Barclaycard said 65% of Britons were looking for ways to save energy at home. It highlighted a jump in sales of slow cookers, air fryers and sandwich makers, which generally use less energy.
Blackout fears prompt Britons to buy generators and torches
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 14 (Reuters) - Britons are preparing for possible power cuts by stocking-up on portable generators and torches, in addition to winter clothing, thermal underwear and candles. Comparing data from the first 11 days of October 2021 to the same period this year showed a 203% increase in sales of generators and a 43% increase in sales of torches and head torches, Toolstation, part of Travis Perkins (TPK.L), Britain's biggest building materials retailer, said on Friday. The Toolstation data chimes with a report this week from market researcher Kantar which said Britons were stocking-up on candles and duvets. Department store chain John Lewis last week said people were stockpiling thermal underwear, gloves and dressing gowns. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Davey; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
TikTok's ad revenue is expected to triple to $11.64 billion this year, and it's building out products aggressively to hit its goal. In fact, if TikTok's ad revenues triple to $11.64 billion this year from 2021, as Insider Intelligence predicts, it will surpass the combined ad revenues of Twitter and Snapchat combined. Gabriela Comazzetto, head of LATAM global business solutionsComazzetto, another Facebook poach, has been overseeing TikTok's ad business in one of its fastest growing regions for just over a year. Shant Oknayan, general manager of METAP global business solutionsOknayan manages the TikTok for Business platform for the METAP region. Sameer Singh, general manager of APAC global business solutionsSingh oversees the TikTok for Business platform across APAC.
LONDON, Oct 11 (Reuters) - Faced with soaring energy bills, Britons are searching for cheaper ways to cook as they try to avoid using their ovens, market researcher Kantar said on Tuesday. Kantar also noted that sales of duvets and electric blankets increased 8%, while sales of candles increased 9%, suggesting people may be preparing for possible winter blackouts. Register now for FREE unlimited access to Reuters.com RegisterLast week, department store chain John Lewis said Britons were stockpiling thermal underwear, gloves and dressing gowns. The market researcher said grocery sales rose by 4.8% in the 12 weeks to Oct. 2 year-on-year - masking a much larger drop in volumes once inflation is accounted for. For the fifth month in a row discounter Lidl was the fastest-growing grocer, pushing up its sales 20.9% over the 12 weeks, marginally ahead of rival Aldi whose sales rose 20.7%.
Market research released on Tuesday showed that grocery inflation hit another new record of 13.9% in September, deepening the cost-of-living crisis, while BRC-KPMG data showed people were investing in items to help them save cash. Nine out of 10 people surveyed by Barclaycard in Britain from Sept. 23-26 said they were concerned about household energy bills. Over half of those surveyed by Barclaycard said they were planning to cut down on discretionary spending so they can afford their energy bills this winter, with nights out most likely to be canned. Rival JD Wetherspoon's said last week that its sales had been boosted by young people drinking cocktails and spirits. Coffee and sandwich chain Pret A Manger said on Tuesday that it would raise staff pay for a second time this year.
Whole Foods is raising prices on some emerging brands, according to food-industry insiders. Whole Foods' recent price increases are larger than many expected, even with inflation. Brokers act as advocates for food brands, especially when it comes to working with retailers to increase brands' distribution. But Whole Foods' recent price increases are larger than many expected, even with inflation, according to the consultants Insider spoke to. "I am concerned that the price increases at the retail level have been significantly higher than that," she said.
The move could bring the company $8.5 billion in revenue by 2025, according to one Wall Street analyst. But it remains to be seen how many new subscribers an ad tier would attract. Netflix's plans for an ad-supported tier are in high gear. "We believe these economic factors, coupled with increased competition in the streaming space, will allow the right market conditions for Netflix's cheaper ad-supported service." According to Nollen's estimates, Netflix's ad tier could drive as much as $8.5 billion in revenue in 2025.
(CNN Business) Another month of falling gas prices gave Americans' wallets a bit of a reprieve in August. The continued decline in gas prices was reflected by a 4.2% dropfor the month on spending at gas stationsBacking out this volatile component, sales rose by 0.8% for the month. The retail report suggests that the tailwind of lower gas prices was a key factor helping Americans cope last month. "Gas prices are certainly a challenge for consumers. If we saw another spike in gas prices then we would expect to see weaker spending in a lot of these other retail sales categories."
Kazi Awal/InsiderIt's a digital world, and organizations that show digital agility continue to win out. Consultants say that despite headwinds, CEOs must champion digital transformation. Jensen said the focus on digital transformation has been vital to Indeed's success. The one alliance identified as most essential was the relationship between chief marketing officer and chief financial officer. How have you used this partnership toward digital transformation at Indeed?
TikTok's ad revenue is expected to triple to $11.64 billion this year, and it's been hiring aggressively to meet that goal. Chandlee spent 12 years at Facebook, where he managed global agency partnerships and client relationships, before joining TikTok in 2019. Monga came from Snap, where she led global agency partnerships and was involved in key presentations and pitches. Shant Oknayan, general manager of METAP global business solutionsOknayan manages the TikTok for Business platform for the METAP region. Sameer Singh, general manager of APAC global business solutionsSingh oversees the TikTok for Business platform across APAC.
Dollar General sells items at 20% to 40% less than full-price retailers; most items cost below $10. Dollar General, one of the best-known discount chains, is growing rapidly and now has more than 19,000 stores across the US. According to a survey done by the nonprofit think tank, Economic Policy Institute, 92% of Dollar General workers earn less than $15 an hour. It has a limited assortment of groceries, though this is on the riseThe fresh food section at a Dollar General store. David Allio/Icon Sportswire via Getty ImagesDollar General is constantly looking at where it can cut costs in its supply chain.
Facebook стал самой молодой компанией, рыночная стоимость которой превысила один триллион долларов. После этого цена акций Facebook достигла 355,64 доллара за штуку. Порог в один триллион долларов из американских компаний также преодолели Amazon, Alphabet (Google), Microsoft и Apple. Стоимость последних превышает 2 триллиона долларов. Ранее сообщалось, что Facebook вошел в десятку самых дорогих брендов мира рейтинга BrandZ от консалтинговой компании Kantar.
Organizations: Facebook, Bloomberg, , Microsoft Apple, Федеральная торговая комиссия
В мире Bild назвал возможного кандидата на пост канцлера Германии вместо МеркельМинистр здравоохранения Германии Йенс Шпан, чья популярность среди населения возросла на фоне пандемии, рассматривает возможность побороться за пост канцлера ФРГ в сентябре, сообщает издание Bild со ссылкой на источники. Глава Минздрава, по сообщениям изданий Bild и Spiegel, в последние недели активно обсуждал свои политические шансы с представителями партии. Тем не менее, по сообщениям изданий, хоть глава Минздрава более не может участвовать в борьбе за пост главы партии, он рассматривает для себя должность канцлера. Согласно информации издания Bild, полученной от нескольких представителей ХДС, Шпан в различных телефонных разговорах обсуждал, может ли он выдвигаться на пост канцлера, он рассматривает эту возможность, даже если Лашет возглавит ХДС. При этом глава Минздрава обошел в популярности Ангелу Меркель, набравшую 51 процент.
Persons: Йенс Шпан, Ангела Меркель, Фридрих Мерц, Армин Лашет, Норберт Ретген, Шпан, Лашет Organizations: бундестаг, Христианскодемократический союз (ХДС), ХДС, Минздрав Locations: Германия, ФРГ, Северный Рейн Вестфалия
O majoritate absolută a europenilor continuă să solicite un buget al UE mai mare pentru combaterea COVID-19, scrie Calea Europeană. 54% dintre europeni consideră că UE ar trebui să dispună de mijloace financiare mai importante pentru a putea depăşi consecinţele pandemiei de coronavirus. Doar 27% dintre participanţi se aşteaptă ca situaţia COVID-19 să nu aibă un impact asupra veniturilor lor personale. Aceste constatări sunt în concordanţă cu rezultatele sondajelor anterioare efectuate de Parlamentul European în aprilie şi, respectiv, iunie 2020. De la începutul pandemiei, Parlamentul European a comandat trei sondaje specifice de evaluare a opiniei publice europene în contextul COVID-19.
Organizations: Parlamentul, Europeană, UE, Parlamentul European Locations: UE, Estonia, Letonia, Cehia, Austria, Danemarca, Germania, Croaţia, Slovacia, Finlanda, Malta, Bulgaria, Grecia, Ungaria, Polonia, Portugalia, România, Slovenia
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