Tag Archives: All Retail

UPDATE Fashion retailer Primark 1-AB Food stopped placing new orders in Myanmar | Instant News

(Adding details)

LONDON, March 31 (Reuters) – Primark Associated British Foods owner said the fashion retailer had stopped placing new production orders in Myanmar following a military coup last month.

“Primark has now stopped new orders in Myanmar,” said a spokesman for AB Foods.

The prime source of 21 production sites in Myanmar. That compares with 527 in China and 127 in India.

The retailer’s move follows Sweden’s H&M and Italy’s Benetton Group which stopped placing orders in Myanmar earlier this month. (Reporting by James Davey; editing by William James)


image source

UPDATE 1-UK’s Topps Tiles expects sales, margins recovered after the first half hit | Instant News

(Add details of statement, background, share steps)

March 31 (Reuters) – Topps Tiles posted lower half-year sales on Wednesday, but the tile retailer said it expects revenue to rise “sharply” and margins to recover to normal levels as the UK’s current close gradually eases in the middle. April.

The company’s commercial segment has taken a significant hit, particularly across restaurants, bars and recreation areas due to the COVID-19-caused lockdown, but retail sales are on hold as more Britons undertake home improvement projects.

Total revenue for the 26-week period ending March 27, 2021 fell to 103.6 million pounds ($ 142.14 million) from 106.2 million last year, Topps said, adding that margins in the second quarter will be lower than the first due to restrictions. virus.

The company’s shares fell about 1.5% to 68 pence in early trading Wednesday.

British Prime Minister Boris Johnson set a four-stage easing of the lockdown in February during which non-essential retailers will be allowed to operate from April 12, providing assistance to Topps as its stores close for most of the year.

The company, which posted a 17.3% drop in like-for-like retail sales in the second quarter, said there was also increasing pressure from additional shipping costs related to online sales when its stores were closed.

Topps, however, expects good progress overall in the second half of this year.

The number of people going to UK shops rose 6.6% in the week to March 27, compared with the previous week, industry data showed on Monday. ($ 1 = 0.7289 pounds) (Report by Priyanshi Mandhan and Pushkala Aripaka in Bengaluru; edited by Uttaresh.V)


image source

Topps Tiles UK forecasts sales, margin recovery due to easy lockups | Instant News

March 31 (Reuters) – Topps Tiles reported lower half-year sales on Wednesday, but the tile retailer said it expected sales to pick up “sharply” and margins recovering to normal levels as the UK’s current close gradually eased in the middle. April.

Total revenue for the 26-week period fell to 103.6 million pounds ($ 142.14 million) from 106.2 million last year, the company said, adding that margins in the second quarter will be lower than in the first due to restrictions. ($ 1 = 0.7289 pounds) (Report by Priyanshi Mandhan and Pushkala Aripaka in Bengaluru; edited by Uttaresh.V)


image source

UPDATE 1-Just Eat to add 4,000 workers with new contract terms in Italy | Instant News

(Added union leader comments)

ROME, March 30 (Reuters) – Just Eat on Tuesday said it would employ about 4,000 motorists in Italy to comply with an Italian prosecutor’s decision aimed at improving conditions for show economy workers.

A Milan prosecutor in February fined the Italian unit of food ordering company Uber Eats, Just Eat and Deliveroo and Spanish food delivery app Foodinho-Glovo and said they had to employ more than 60,000 workers on contract.

The decision came at the end of an investigation launched in July 2019 after motorists were involved in several road accidents, indicating inadequate and unsafe working conditions.

So far, Just Eat, which is under the parent company Just Eat Takeway.com, has been the only one to comply with prosecutors’ orders to hire workers.

“We welcome Just Eat’s decision and hope other shipping companies will follow suit,” Marco Odone, head of the Uil Trasporti national union, told Reuters.

With the surge in use of application delivery, the rights of people working for “gig economy” service companies are increasingly in focus across Europe.

Companies are facing pressure to improve conditions, turning away from a model in which the majority of workers are self-employed freelancers.

Just Eat will place motorists in Italy on national contracts specially designed for workers in the transport, shipping and logistics industries, which will provide them with paid vacations, sick leave, social security and insurance, as well as trade union representatives.

The minimum wage is € 8.50 ($ 9.96) per hour.

Those under contract will be reimbursed for the distance traveled during work if they use their own bicycle or scooter and are provided with safety equipment such as helmets and riding vests.

The agreement has been signed with Italy’s largest sector union, FILT CGIL, FIT-CISL and UIL Trasporti.

Just Eat Italy Country Manager Daniele Contini said of the agreement that “all players will benefit, starting with the drivers, but including restaurants and operators.”

The company has operated in Italy for 10 years in more than 1,200 cities, with more than 21,000 partner restaurants, he said.

$ 1 = 0.8533 euros Reporting by Giulia Segreti, Additional reporting by Elvira Pollina; Edited by Bernadette Baum and Dan Grebler


image source

UPDATE 1-Pakistan to get 3 million doses of COVID-19 vaccine from China CanSino next month – minister | Instant News

(Completely rebuilt with mass import of CanSino vaccine)

ISLAMABAD March 30 (Reuters) – Pakistan will import more of the coronavirus vaccine made by China’s CanSino Biologics next month, the equivalent of 3 million doses, said the minister responsible for COVID-19 operations on Tuesday.

Pakistan started a vaccination campaign last month with more than one million doses of Sinopharm vaccine donated by longtime ally China, but is struggling to get more supplies as it awaits WHO / COVAX / GAVI’s allocation of the AstraZeneca vaccine, which has been postponed.

“We will get the mass vaccine in mid-April from CanSino, from which 3 million doses can be made,” the minister, Asad Umar said on Twitter.

“The bulk vaccines received will be formulated, sterilized and packaged in Pakistan,” he said.

Coronavirus infections have risen sharply in Pakistan in recent weeks and finance minister Abdul Hafeez Shaikh tested positive for COVID-19 on Tuesday, the third senior government official to do so in 24 hours.

Prime Minister Imran Khan tested positive last week.

Pakistan will also receive a pre-ordered 60,000-dose package of CanSino vaccine on Tuesday, Umar said, and expects to receive another 1 million doses of Sinopharm vaccine this week.

The Sinopharm and CanSino vaccines arriving this week are the first to be purchased by Pakistan, not as donations.

Pakistan was due to receive the first batch of up to four million doses out of a total GAVI allocation of 45 million doses earlier this month, but that was postponed as Indian manufacturer AstraZeneca cited domestic needs.

Pakistan reported 100 deaths from COVID-19 in the past 24 hours, and 4,084 new infections, with a national positive test rate of 8.8%.

The country has so far recorded 14,356 deaths and 663,200 coronavirus cases.

In addition to the outgoing finance minister, who was removed from office on Monday due to a government reshuffle, President Arif Alvi and Defense Minister Pervez Khattak announced that they both tested positive for COVID-19. (Reporting by Syed Raza Hassan in Karachi, Pakistan; Additional reporting by Umar Farooq and Gibran Peshimam in Islamabad; Editing by Shri Navaratnam and Susan Fenton)


image source