retail-trade
BusinessMoncler Bets on Store Expansion, Footwear to Drive Growth
Top StoriesGucci Jumps on the Crypto Bandwagon With U.S. Project
Top StoriesNext Maintains Full-Year Guidance as Britons Carry on Shopping
Top StoriesAb InBev Sells More Beer, Consumers Swallow Higher Prices
Zalando Posts First Decline in Sales Since Founding
Date: May 5, 2022
BERLIN (Reuters) -Zalando posted a decline in sales for the first time since the German online fashion retailer was founded, leading it to dim its outlook for 2022 on Thursday. First-quarter sales fell by 1.5%, to 2.2 billion euros ($2.33 billion), after posting a 46.8% increase in the same quarter last year thanks to the...
Moncler Sales Beat Expectations in First Quarter Ahead of Investor Day
Date: May 4, 2022
By Claudia Cristoferi MILAN (Reuters) -First quarter sales at Italian fashion group Moncler jumped by 60%, beating once again analysts expectations, driven by a strong performance in China that offset new Covid-19 restrictions, as well as a surge in U.S. and online sales. The luxury outwear maker will hold an investor presentation on Thursday, its...
Britons Cut Back on Meat and Fish as Cost of Living Crisis Bites
Date: May 4, 2022
By James Davey LONDON (Reuters) – Britons are buying less meat, fish and poultry as they look to save cash, amid a worsening cost of living crisis. Market researcher NielsenIQ said on Wednesday, volume sales of meat, fish and poultry fell 13% in the four weeks to April 23 year-on-year, a period that included the...
Makers of Dawn Dish Soap, Heinz Ketchup, Clorox Boost Defenses Against Store Brand Rivals
Date: May 3, 2022
By Jessica DiNapoli and Richa Naidu NEW YORK/LONDON (Reuters) – The makers of brand-name products such as Tide detergent and Kraft Macaroni & Cheese are bolstering their defenses against store-brand rivals like Walmart Inc’s Great Value products as shoppers’ budgets start to show signs of strain due to persistent inflation. Executives at Clorox Co said...
New Morrisons Owner Avoids Deal Probe With Petrol Station Sale
Date: May 3, 2022
LONDON (Reuters) -Britain’s competition regulator has proposed to accept an offer from supermarket group Morrisons’ new private equity owner, Clayton, Dubilier & Rice (CD&R), to sell 87 petrol stations to address concerns over higher fuel prices, it said on Tuesday. CD&R completed its 7 billion pound ($8.8 billion) purchase of Morrisons, Britain’s fourth biggest grocer,...
G-Iii Apparel to Buy Karl Lagerfeld Brand in $210 Million All-Cash Deal
Date: May 2, 2022
(Reuters) -G-III Apparel Group Ltd said on Monday it has agreed to acquire the remaining 81% stake in Karl Lagerfeld for $210 million in cash, becoming the sole owner of the Parisian fashion brand. G-III, which owns brands including DKNY and Jessica Howard, will purchase the additional stake from a group of investors led by...