Ask and Sotka bankruptcy is the tip of the iceberg, experts estimate – the furniture industry’s downturn will continue for several years
The Finnish furniture industry is in crisis, with significant layoffs and bankruptcies expected to continue in the coming years due to dwindling demand and rising costs.
Such weak sales were during the financial crisis, but then costs were at least lower. People are saving, says trader
Retailers in Slovakia report declining consumer spending amid rising costs, with many people opting for discounted products as stores face significant challenges.
Legendary furniture stores are disappearing from the arena
The iconic Estonian furniture chains Asko and Sotka are going bankrupt after numerous unsuccessful attempts to find sustainable solutions.
The government is preparing a price cap on electricity – Support up to 2,880 euros per year
The Finnish government is working on a legislative proposal to regulate electricity retail prices during a price crisis, aiming to ensure affordable energy for households and small businesses.
Saks Files for Bankruptcy as Department Stores Fight for Survival
Saks has filed for bankruptcy protection as department stores struggle to survive in the changing retail landscape.
Britain's shoplifting capitals revealed - all you need to know
Recent Home Office figures show that shoplifting in England and Wales has surged, with retailers reporting £4.2 billion in losses due to theft, particularly since the pandemic and cost-of-living crisis.
Sainsbury’s CEO among business leaders recognised in new year honours
Simon Roberts, CEO of Sainsbury's, has been awarded a CBE for his contributions to the retail sector during challenging times, including the pandemic and cost of living crisis.