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Tag: Economics

Snapdeal focuses on unit economics

Unit economics, an euphemism for profit, has taken front seat for e-commerce major Snapdeal in its new, leaner avatar, founders of the company said on Tuesday. According to a PTI report: The Delhi-headquartered company was in close competition with south-based Flipkart at the peak of what was aggressive play by both companies for a larger …

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Snapdeal focuses on unit economics, Retail News, ET Retail

“Positive unit economics means the consumer is allowing you as a company to make money while serving them,” said Snapdeal co-founder Kunal Bahl. MUMBAI: Unit economics, an euphemism for profit, has taken front seat for e-commerce major Snapdeal in its new, leaner avatar, founders of the company said on Tuesday. The Delhi-headquartered company was in …

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How has Brexit vote affected UK economy? December verdict | Business

Sterling surges on Johnson’s election landslide The pound has risen sharply over the past month as currency traders in the City of London bet that an election victory for Boris Johnson’s Conservatives would lift some of the intense political uncertainty facing Britain. Sterling jumped by more than two cents against the US dollar and the …

How has Brexit vote affected UK economy? December verdict | BusinessRead More

Retailers sell clothes at half price in huge pre-Christmas discounts | Life and style

Retailers are offering bigger than ever pre-Christmas clothing discounts this year in an effort to win customers against a backdrop of consumer uncertainty, heavy competition and relatively mild weather. Average price cuts could top 50% by Christmas Eve for the first time according to the advisory firm Deloitte, which analysed more than 800,000 online and …

Retailers sell clothes at half price in huge pre-Christmas discounts | Life and styleRead More

Are economic doldrums likely to continue? Experts discuss the data | Business

Andrew Sentance Senior adviser to Cambridge Econometrics and member of the Bank of England’s monetary policy committee (MPC) from 2006-11 The evidence from the real economy over the past month suggests little change to the pattern of stagnation we have seen for most of this year. Both the CBI survey and the official index continue …

Are economic doldrums likely to continue? Experts discuss the data | BusinessRead More

UK retail sales hit by surprise downturn despite big discounting | Business

Britain’s shops were hit by a surprise downturn in sales in the run-up to Christmas after official figures showed a 0.1% drop in October. City analysts had expected consumers to continue their month-on-month spending increases with a 0.1% rise, albeit largely built on heavy discounting by retailers. The fall in sales represented the weakest monthly …

UK retail sales hit by surprise downturn despite big discounting | BusinessRead More

Cautious UK shoppers dent profits at shopping centres owner | Business

Land Securities, which owns shopping centres including Trinity Leeds, Westgate Oxford and Bluewater in Kent, has slumped to a first-half loss after being hit by several store closures as retailers struggle against weaker consumer spending and a shift to online shopping. The last two years have been tough for the UK retail industry, as more …

Cautious UK shoppers dent profits at shopping centres owner | BusinessRead More

UK civil engineering slumps; trade deal optimism lifts markets – business live | Business

“The construction sector’s distressing decline continued in October in spite of a small improvement in the headline index as a resolution to the political impasse seemed close. However with a fall in civil engineering not seen for a decade and the biggest drop in housebuilding since 2016, it appears that strength in the sector is …

UK civil engineering slumps; trade deal optimism lifts markets – business live | BusinessRead More

It’s time to boycott any company doing business in Xinjiang | Michael Caster | World news

Any western company doing business in Xinjiang should consider their supply chains tainted by forced labour drawn from internment camps. Hardly a drop in the ocean of the vast global economy, this involves companies such as Ikea, H&M, Volkswagen and Siemens. This month, the United States banned the import of products made by a firm …

It’s time to boycott any company doing business in Xinjiang | Michael Caster | World newsRead More

Retailers cut 85,000 jobs in past year | Business

Retailers have axed 85,000 jobs in the past year as weak consumer demand, rising costs and the switch to online shopping, exacerbated by Brexit uncertainty, have put businesses under increasing pressure. The job losses in the UK’s biggest private employment sector – with particular importance for women – are the latest sign of a crisis …

Retailers cut 85,000 jobs in past year | BusinessRead More