retail-trade
InvestingUK’s Asos Forecasts Profit Jump in 2025
BusinessFrench Supermarket Group Auchan Planning to Cut More Than 2,000 Jobs, Media Reports Say
TradingUK Consumer Spending Slowed Before Last Week’s Budget, Retailers Say
BusinessShein’s European Entity Reports 68% Sales Growth in 2023
Burberry Shares Jump on Moncler Bid Report
Date: November 4, 2024
(Reuters) -Burberry shares rose as much as 8% on Monday after a media report said Italian luxury outerwear maker Moncler was considering a bid for the British luxury retailer. Moncler, known for its puffer jackets, on Sunday, said it would not comment on “unsubstantiated rumours” of a possible deal between the two luxury brands. Burberry,...
Britain’s Sainsbury’s Extends Aldi Price Match Scheme to Convenience Stores
Date: November 4, 2024
LONDON (Reuters) – Sainsbury’s said it has become the first UK supermarket group to extend a scheme matching the prices of German-owned discounter Aldi on hundreds of products into its convenience stores, upping the competitive ante ahead of the key Christmas trading season. The group, which has an over 15% share of Britain’s grocery market,...
Temu Considers Joining European Anti-Counterfeit Group
Date: October 31, 2024
By Helen Reid LONDON (Reuters) -Chinese online retailer Temu is considering joining a group of ecommerce platforms and brands that collaborate to prevent the sale of fake products online in Europe, according to a meeting agenda seen by Reuters. The “Memorandum of Understanding (MoU) on the sale of counterfeit goods on the internet” is a...
Temu to Be Investigated by EU Tech Regulators Over Sale of Illegal Products
Date: October 31, 2024
By Foo Yun Chee BRUSSELS (Reuters) – Chinese online retailer Temu will be investigated on whether it may have breached EU tech rules against the sale of illegal products, EU tech regulators said on Tuesday, in a move which could lead to hefty fines for the company. The EU investigation will also focus on the...
Prada’s Third Quarter Revenues Rise 18%, Miu Miu Sales Double
Date: October 31, 2024
MILAN (Reuters) -Third-quarter net revenues for Prada rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. Sales in the Asia Pacific region, in the spotlight as investors are concerned about...
Kraft Heinz Trims 2024 Forecasts on Lunchables Drag, Tepid Demand
Date: October 30, 2024
By Savyata Mishra (Reuters) -Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products such as Lunchables meal kits. Shares of the Jell-O maker fell more than 3% in early trading, as it also posted a bigger-than-expected drop in...