getquin Daily Summary 01.08.2022

Hello getquin,

I wish you a good start into the week!

Europe🌍:

1st retail trade in Germany records biggest sales slump since 1994

The retail sector in Germany has not been spared the effects of the financial crisis. Sales in the sector fell in June by the most in 28 years. As the Federal Statistical Office announced on Monday, retail sales fell by 8.8% compared to the same month last year. Statisticians have been recording sales on a monthly basis since 1994.

Significant declines of more than 16 percent were seen in furniture, household appliances and building materials. Not much is left of the Corona era, nor of the Internet and mail order boom. Here, sales fell by 15.5 percent.

Interested in the topic? https://bit.ly/3oN0GdO

2. wage increase for ground staff

Ground staff at numerous German airports will be paid more. The collective agreements negotiated by the ver.di trade union apply to more than 6,000 employees in smaller companies. "In view of the labor shortage and the high workload, many companies are more willing to grant significant wage increases. This is really gratifying," explained Marvin Reschinsky, negotiator for ver.di. For example, wages are rising at the passenger handling company Aviation Handling Services, which operates at Düsseldorf, Hanover and Cologne/Bonn airports. Employees will receive between 17 and 26 percent more money over the next six months. At ground handling service provider Aviapartner in Düsseldorf and Hanover, salaries will rise by 300 euros with immediate effect.

Click here to go to the source: https://bit.ly/3bhiYB6

America🌏:

3rd Starbucks union demands wage increases and fringe benefits for unionized stores from coffee giant

Starbucks Workers United is calling on the company to extend wage increases to workers at unionized stores. In May, the coffee chain announced it would raise wages for workers in non-union stores. The company said it was unable to make changes in organized stores without negotiations.

More info here: https://cnb.cx/3cXv6rl

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Quarterly figures:

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EPS: 🟩 $0.15 expected vs $0.16 published; difference: 9.60%.

Sales: 🟥 $12.54 billion expected vs $12.46 billion published; variance: -0.63%

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🟩 bitcoin ₿,€22,771.31 (🔽 -0.28%)

Time: 17:00 CEST

Fun Fact:

Did you know that Starbucks' round tables were specifically designed to make customers feel less alone.