retail-trade
Top StoriesAldi UK Says Shoppers Trading up as Inflation Eases
Research ReportsGlobal Mothballs Market Set for Significant Growth as Demand for Effective Pest Control Solutions Increases (2024-2031)
Top StoriesLego Outperforms Toy Market With Robust Sales in Europe and North America
Top StoriesSun and Holidays Boost UK Supermarket Spending but Asda Struggles, Says Niq
Britain’s Waitrose to Invest $1.3 Billion in Stores Over Three Years
Date: August 21, 2024
LONDON (Reuters) – British upmarket supermarket group Waitrose plans to invest 1 billion pounds ($1.30 billion) in new and existing shops over the next three years, it said on Wednesday. The chain, part of the employee-owned John Lewis Partnership, said it would open up to 100 convenience shops across the UK over the next...
Seven & I Shares Give up Some Gains After Couche-Tard Bid
Date: August 20, 2024
TOKYO (Reuters) -Shares of Japan’s Seven & i Holdings fell more than 7% in morning trade on Tuesday, giving up some of their gains from the previous day, when they surged on news of a takeover proposal from Canada’s Alimentation Couche-Tard. While the value of the offer has not been disclosed, it would make...
Supermarket Group Ahold Delhaize Posts Q2 Margin Beat
Date: August 7, 2024
By Stephanie Hamel and Charlotte Eugenie Yvette Bawol (Reuters) -Supermarket group Ahold Delhaize beat second-quarter core profit margin expectations on Wednesday, supported by solid sales in its U.S. and European markets and cost control. The group, which operates the Stop & Shop, Giant, Food Lion and Hannaford chains in the U.S. and the Albert...
Walmart’s Low Price Promise in Focus After Amazon’s Warning
Date: August 2, 2024
By Aishwarya Venugopal and Siddharth Cavale (Reuters) -Walmart’s “Everyday Low Price” promise will be put to the test when it reports quarterly results, after rival Amazon.com’s warning that customers had turned bargain hunters, pressuring the online shopping behemoth to forecast a weak current quarter. Major retailers including Target, sector bellwether Walmart and Kroger have been...
Amazon Shares Drop on Slowing Online Sales Growth
Date: August 2, 2024
By Savyata Mishra (Reuters) -Shares of Amazon.com fell more than 12% on Friday after the company reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper options for purchases. The commentary from the online shopping behemoth is in line with recent value-conscious consumer behavior, ahead of retail giant Walmart’s...
Amazon Says Consumers Cautious, Forecasts Revenue Below Wall Street Targets
Date: August 2, 2024
By Greg Bensinger and Deborah Mary Sophia (Reuters) – Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%. The after-hours stock drop came despite second-quarter profit and cloud computing sales that beat analyst estimates. Amazon shares had gained...