Retail

Petrol retailers reaping record margins despite increased surveillance, watchdog says

Posted September 01, 2017 09:13:07 Petrol retailers have driven up their margins to record levels despite increased surveillance from the consumer watchdog and the spread of online price comparison tools intended to stimulate competition. More Australian motorists may have benefited from some of the lowest fuel prices since 2002, but average margins extracted at the pump rose to the highest ...

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German Joblessness Drops Further, Retail Sector Shows Some Weakness

On the year, retail sales rose 2.7 percent, undershooting the consensus forecast for an increase of 3.5 percent. Sal. Oppenheim economist Ulrike Kastens cautioned against reading too much into the retail figures for July, pointing out that the highly volatile indicator was often subject to revision and that the sector enjoyed an unusually strong month in June. “Germany’s economic engine ...

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Fidelity Bank’s Half-year Profit Soars 67% on SME, Retail Strategy

Nnamdi Okonkwo Nume Ekeghe Nigerian lender, Fidelity Bank, has reported a strong financial performance in the first half of 2017, posting impressive growth in profits, gross earnings and other indices for the six months period ended June 30, 2017. Details of the audited results, released on the floor of the Nigerian Stock Exchange (NSE) Wednesday showed that gross earnings rose ...

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How a Houston Retailer’s HQ Became a Home Base for First Responders

Aug. 30, 2017 12:05 p.m. ET Retail chain Academy Sports + Outdoors not only opened its stores to first responders in need of boats, life preservers and other supplies, but it has converted its Houston headquarters into temporary residences for hundreds of police, National Guard and EMTs. By Wednesday morning, the ranks of rescue team members swarming the corporate campus ...

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Retail jobs will ‘vanish’ due to technology and it ‘will affect every city and region’

As much as 80% of retail jobs at risk from automation, Citi and University of Oxford predict. Low-skilled jobs most at risk and will have profound effects on communities. ‘Watershed’ moment coming for retail jobs, Citi and Oxford warn. LONDON — Analysts from Citi bank and academics from Oxford are predicting seismic changes to the retail industry that could mean ...

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Yen Down Despite Retail Beat, USD/JPY Holds Above 2017 Low

Talking Points Japanese retail numbers came in generally stronger than the markets expected This contrasted sharply with recent household spending data The US Dollar continued to gain on the Yen, having once again bounced near the year’s lows Why do some traders seem to have that magic touch? We’ve looked at over 40 million trades in search of an answer. ...

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