Global retailers seek new ways to lure in shoppers as spendi

Global retailers seek new ways to lure in shoppers as spending slows

That benefits companies like Dutch non-food discounter Action, which opened 280 stores in 10 countries across Europe last year, and added its first branch in Slovakia this year, CEO Hajir Hajji told conference delegates. Mostly buoyant results from big global companies like Nestle showed consumers were still spending despite higher prices, although several warned sales could be pinched in coming quarters if inflation does not abate.

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