retail-trade
InvestingPuma CEO Sees Better Holiday Trading After Q3 Sales Miss Expectations
Top StoriesAhold Delhaize Upbeat on Q4 Outlook, Shares Boosted by US Elections
BusinessJeweller Pandora’s Shares Sink as Warns Soaring Silver Could Dent Margins
BusinessElf Beauty Sales to Rise as Demand for Mass Market Beauty Products Grow
Walmart, Other US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
Date: November 6, 2024
By Richa Naidu, Aishwarya Venugopal and Siddharth Cavale (Reuters) – Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season....
Primark and Groceries Fuel Profits at Britain’s Ab Foods
Date: November 5, 2024
By James Davey LONDON (Reuters) – Associated British Foods said it was well set-up for medium term growth, as it reported a 32% rise in full-year profit, driven by robust performances from its Primark clothing business and grocery division. Shares in the group, which also has large sugar, ingredients and agriculture businesses, were up 3%...
Hugo Boss Says It Won’t Reach 2025 Revenue, Profit Targets; Shares Slip
Date: November 5, 2024
By Linda Pasquini and Ozan Ergenay (Reuters) –Hugo Boss‘ on Tuesday reported that its third-quarter operating profit slightly exceeded expectations, but said it wouldn’t reach its revenue and profit growth targets for 2025 amid tepid demand, sending shares lower in morning trading. Hugo Boss had warned in March that it might need to delay its...
UK’s Asos Battling for Turnaround in Tough Market
Date: November 5, 2024
By Sarah Young LONDON (Reuters) -Britain’s ASOS said it was confident it would return to growth in 2025, but last year’s decline and tough competition showed the scale of the challenge the online fashion retailer is facing, sending its shares to their lowest in five months. ASOS has been trying to reinvent itself for the...
Primark Expecting a Good Christmas, Says Parent’s Boss
Date: November 5, 2024
By James Davey LONDON (Reuters) – Budget clothing retailer Primark is expecting to trade well in the run-up to Christmas, the boss of its parent said on Tuesday. “We think that Christmas is going to be good,” George Weston, CEO of Associated British Foods, told Reuters in an interview after the group reported annual results....
Zalando Sales and Profit Margin Rise on Stronger Demand
Date: November 5, 2024
By Linda Pasquini and Helen Reid (Reuters) -Zalando on Tuesday reported a higher profit margin for the third quarter thanks to strong consumer demand and cooler September weather, as it focused on upmarket brands to fend off competition in the mass market. The German online fashion retailer has been scaling up its logistics business, through...