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Pet Owners Spent More Than €182bn Worldwide Last Year
Pet owners spent €182.7 billion on their pets last year – a 6% increase on the previous year – on a global level, despite the challenging economic climate. In addition,...
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Tesco tests hyper-personalisation with Eagle Eye
Tesco is planning a hyper-personalised loyalty programme promotion for selected members of its Clubcard with technology company Eagle Eye. The collaboration with Eagle Eye on this is initially limited to...
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Nestlé signs India venture with pharma group Dr Reddy’s
The Swiss giant’s Indian arm will initially hold a minority stake in the new business. Nestlé’s Indian arm has entered into a venture with pharma group Dr Reddy’s Laboratories to...
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Good-bye Aldi Price – A eulogy for EDLP price leadership
National price leadership is an overrated concept in 2024. In the wake of record-high inflation rates shopper research all across Europe suggests that retailers have to lead on being cheap...
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(HU) A személyre szabott ügyfélélmény a legfontosabb
Sorry, this entry is only available in HU....
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KSH: retail turnover increased by 4.2 percent compared to the same period of the previous year, and by 2.0 percent compared to the previous month
According to raw data, the volume of retail sales in March increased by 3.6 percent compared to the same period of the previous year, adjusted for calendar effects, by 4.2...
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Significant increase in retail trade – sector outlook
In March, retail sales volume increased significantly by 2% compared to the previous month, according to both seasonally and calendar-adjusted data. The trend is positive, however, business cycle indices suggest...
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NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office (KSH), the volume of retail trade increased by 4.2 percent in March 2024 compared to the same period of the...
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GKID-Mastercard: the momentum of domestic e-commerce seems to be running out, while Chinese webshops are also conquering Hungary
The GKID-Mastercard Digital Commerce Survey reveals a challenging landscape for domestic e-commerce in Hungary as global competition intensifies. The 2024 edition of the report underscores the slowing momentum in the...
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Retail sales increased in the euro area and the EU in March
Retail sales in the euro area and the European Union increased in both monthly and annual comparisons in March. According to data published on Tuesday by Eurostat, the statistical office...
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AM: Hungary continues to strive for close cooperation with the FAO
Hungary continues to strive for close cooperation with the FAO, the Ministry of Agriculture (AM) told MTI on Tuesday. According to the announcement, Minister of Agriculture István Nagy, who received...
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A fifth of Hungarian online shoppers are still careless
Almost three-quarters of the Hungarian population regularly buys and pays online (69 percent), and almost everyone (97 percent) is aware of the associated risks. Four-fifths of those surveyed use at...
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Coviran wants greener footprint
Spanish retail cooperative Coviran is aiming to expand the use of renewable energy throughout its supply chain, in a bid to reduce its carbon footprint and make its network more...
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MPL – We don’t mind that it’s available, but we don’t necessarily choose it
As of March 28, 2024, online stores are obliged to make Magyar Posta’s delivery services (also) available to their customers. Based on an April survey by Reacty Digital, the public’s...
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An exciting, exotic world
Our magazine has asked the biggest players in the domestic rum and tequila categories about the market situation. This article is available for reading in Trade magazin 2024/5 Zoltán Kedves,...
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K&H: sustainability is also profitable for businesses
Companies that incorporate sustainability into their operations enjoy significant advantages over their competitors that do not pay enough attention to this area, according to a recently published global survey of...
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Serums here, active ingredients there
Traditionally women’s facial care products have been surrounded by greater interest, but as men’s skin care habits have changed in recent years, cosmetics for men are increasingly in the centre...
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Changes in the Labor Market and Business Decision-Making Based on the IOM World Migration Report 2024
The International Organization for Migration (IOM) World Migration Report 2024 has unveiled significant data concerning global migration trends and challenges, which are particularly important for business decision-makers. The report emphasizes...
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NIS2: who should be the person responsible for the security of information systems?
With the entry into force of the “Cyber Science Act” on cybersecurity certification and cybersecurity supervision, the implementation of the EU’s new NIS2 (Network Information System v2) directive into the...
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Márton Nagy: artificial intelligence is inevitable
Artificial intelligence (AI) will have an inevitable and increasingly important role, but at the same time, everyone in the global economy is protecting their own technology, and trade wars are...
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Beer consumption in the Czech Republic is at an all-time low
Beer consumption in the Czech Republic reached a historic low in 2023. Czech breweries brewed 20 million hectoliters of beer last year, 2.7 percent less than the previous year. Beer...
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Functional foods in full force
Functional products include fortified foods and beverages, nutritional and dietary supplements, and various bars and snacks enriched with vitamins, minerals, probiotics, proteins and other nutrients. These products represent the perfect...
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AB InBev building 0.0% tech in UK, sees opportunity in “adult refreshment”
AB InBev sees „a unique opportunity” in building its 0.0% portfolio in the area of „adult refreshment”. Anheuser-Busch InBev is building new de-alcoholisation technology in the UK as the world’s...
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Walmart reportedly reducing in-store waste with AI
A new Walmart pilot reportedly provides store associates with artificial intelligence insight on products that may be close to expiration. According to CNBC, Walmart is testing an in-house-developed, AI-based solution...
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Cross-border ecommerce reached 237 billion euros
The online European cross-border market reached a turnover of 237 billion euros in 2023. This is an increase of 32 percent compared to the year before. European online stores generated...
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The Hungarian beer market focuses on alcohol-free beers and the premium category
The Hungarian beer market is witnessing significant shifts, with non-alcoholic and premium beers becoming increasingly popular. According to Kántor Sándor, Director of the Hungarian Brewers Association, there is a noticeable...
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In April, the economic performance of the euro area expanded at the fastest rate in almost a year
In April, the economic performance of the euro zone expanded at a greater rate than expected, at the fastest rate in 11 months, based on the growth rate of the...
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Hungarian imports and exports also fell in March
In the month of March, Hungarian exports and imports also suffered a serious decline. According to data from the Central Statistical Office (KSH), the value of exports was 15 percent...
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Sz. Variáns Kft. implements an exemplary sustainability program
The packaging technology family business in Debrecen, Sz. Variáns, considers it important to reduce its own ecological footprint, which is why it expresses its commitment to environmental protection with its...
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Blue planet: processing food waste is particularly important
Let’s not sink into climate depression, but let’s talk about sustainability and environmental protection problems and find solutions to them; this is the purpose of the Kék Bolygó podcast –...
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