UK consumer spending grows modestly in October amid rising inflation

Starbucks announces increase in employee pay and benefits; eBay posts GAAP earnings per diluted share of $2.46 in Q3 FY23; and Woolworths launches new grocery pick-up service in New Zealand 

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 09, 2023 | Up-to-date international news and features on the global retail industry Spotlight UK consumer spending grows modestly in October amid rising inflation Brits are cautiously cutting back on discretionary spending due to rising energy bills and higher outgoing costs before the festive season. Got a minute? We've got 4 quick questions for you! How likely are you to recommend this newsletter to a friend or colleague? 0 - Not likely 0 1 2 3 4 5 6 7 8 9 10 10 - Very likely Latest news Starbucks announces increase in employee pay and benefits New initiatives include competitive pay, vacation accrual, financial wellness and partner-centric scheduling. eBay posts GAAP earnings per diluted share of $2.46 in Q3 FY23 The retailer anticipates diluted GAAP EPS of $4.53 - $4.58 for the full year of 2023. Woolworths launches new grocery pick-up service in New Zealand The Direct to Boot service will be rolled out at selected stores in the next few months. What does Biden's executive order mean for worldwide AI regulation? Regulators worldwide are designing and implementing AI legislation to keep up with technology's pace of development. What in the world has happened since COP27? Governments are being forced into action on ESG topics. Ahold Delhaize US agrees to divest FreshDirect business to Getir FreshDirect customers will continue to be served by local delivery team. Interview: Flying Tiger Copenhagen on retail strategy and live shopping Retail Insight Network interviews key figures at the helm of Flying Tiger Copenhagen about the retailer's ongoing digital transformation. Read more news In-depth read Luxury goods, digitalization, and personalization identified as key drivers of the duty-free retail market The global duty-free market retailing market was valued at $49 billion in 2022, its highest level ever as it bounced back from the pandemic impact, and is expected to grow at a CAGR of more than 28% during the period 2020-2026, driven by government initiatives, rising passenger numbers, major global events (for instance global sporting tournaments) and the renewed popularity of cruise trips. Infrastructure investments will also play an important role, particularly airport expansion and space refurbishment, and investments in arrivals duty-free formats. GlobalData network Packaging Gateway   |   Just Style   |   Just Drinks   |   Just Food Thank you for reading. Please send any news or comments to: consumer.editorial@verdict.co.uk Contact us LinkedIn | Twitter Editorial consumer.editorial@verdict.co.uk Advertise with us Click here About Retail Insight Network retail-insight-network.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London