retail-trade
BusinessItaly Retail Sales Rise 1.2% M/m in September
BusinessIkea Reports Higher Profit Despite Revenue Hit From Price Cuts
BusinessRichemont Say US Business in Good Position for Growth
InvestingUK’s Boohoo Seeks to Limit Frasers’ Influence as It Questions Investor
Luxury Shoemaker Manolo Blahnik Enters China Market After 22-year Legal Tussle
Date: November 8, 2024
By Casey Hall SHANGHAI (Reuters) – Manolo Blahnik, the high-end shoe brand with many celebrity fans and often worn in the TV hit “Sex and the City”, has opened its first store in mainland China after a 22-year battle over the legal right to use its name. In addition to the new boutique in Shanghai’s...
Under Armour Lifts Profit Forecast on Cost Savings, Shares Surge
Date: November 8, 2024
By Ananya Mariam Rajesh (Reuters) -Under Armour shares shot up 20% on Thursday as the sportswear maker raised its annual profit forecast, betting on lower input costs and cost-saving strategies such as fewer discounts at its own stores and website. Following several quarters of poor results, company founder Kevin Plank returned as CEO to reset...
Czech Online Grocer Rohlik Partners With Amazon in Germany
Date: November 7, 2024
PRAGUE (Reuters) – Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany to help it expand in Europe’s biggest economy, the company said on Thursday. Rohlik, operating under the Knuspr.de brand in Germany, has said it has plans to operate in more than a dozen German cities in the...
Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
Date: November 7, 2024
(Reuters) – Coty on Wednesday said it expects annual profit to come in at the low end of its forecast, as weak demand for beauty products in major markets such as the United States and Australia offset gains in the fragrance segment. The beauty industry, mainly in the United States, is witnessing a slowdown in...
M&s and Wetherspoons Face Multi-Million Pound Hit From ‘double Whammy’ Budget
Date: November 6, 2024
By James Davey and Yamini Kalia LONDON (Reuters) – Marks & Spencer and JD Wetherspoon, two of Britain’s biggest high street employers, said higher taxes and a jump in the minimum wage would cost them a combined 180 million pounds ($232 million) annually. Britain said last month it would raise employers’ National Insurance (NI) social...
German Retailers Expect Higher Revenues This Christmas Season, Hde Forecasts
Date: November 6, 2024
BERLIN (Reuters) – The German retail sector is expecting a slight increase in sales this Christmas season compared with the previous year, the German Retail Association (HDE) said on Wednesday. Revenue in November and December is expected to grow by 1.3% compared to the same period last year to a total of 121.4 billion euros...