retail-trade
InvestingH.I.G. Capital Confirms Sale of Acqua & Sapone to Tdr Capital
Top StoriesConsumer Goods Makers Weighed Down by Weak US and European Sales
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UK’s Sainsbury’s Sales up 3%, Poor Weather Dents Non-Food Demand
Date: July 2, 2024
UK’s Sainsbury’s sales up 3%, poor weather dents non-food demand By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second-largest supermarket group, reported a 3% rise in first-quarter underlying sales on Tuesday, although weather-related weakness in non-food categories partially offset robust demand for groceries, sending its shares lower. The group, which has a UK market share of...
UK’s Sainsbury’s Says Weak Non-Food Weighs on Quarterly Sales Growth
Date: July 2, 2024
UK’s Sainsbury’s says weak non-food weighs on quarterly sales growth LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, kept its annual financial guidance as it reported a 3% rise in first-quarter underlying sales, though robust grocery sales were partially offset by weather-related weakness in non-food areas. The group which, with a UK market share of...
UK Retail Sales Go Into Reverse This Month, Cbi Survey Shows
Date: June 26, 2024
UK retail sales go into reverse this month, CBI survey shows (Reuters) -British retail sales softened this month after a recovery in May, and stores expect another drop next month, an industry survey showed on Wednesday. The Confederation of British Industry’s monthly retail sales balance, which measures volumes compared with a year ago, fell to...
Fast Fashion Retailer Shein Filed for London Listing in Early June, Sources Say
Date: June 24, 2024
Fast fashion retailer Shein filed for London listing in early June, sources say By Kane Wu and Julie Zhu HONG KONG (Reuters) – Shein has confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as the online fast fashion retailer moves ahead with what could one...
Mike Ashley’s Frasers Buys THG’s Portfolio of Luxury Goods Websites
Date: June 24, 2024
Mike Ashley’s Frasers buys THG’s portfolio of luxury goods websites (Reuters) -British e-commerce firm THG has agreed to sell its portfolio of luxury goods websites to Mike Ashley’s Frasers Group for an undisclosed sum, it said on Monday. THG and Frasers have also agreed on a partnership across several areas including with THG Ingenuity, the...
UK Grocery Inflation Edges Lower Again Ahead of Election, Kantar Says
Date: June 18, 2024
UK grocery inflation edges lower again ahead of election, Kantar says By James Davey LONDON (Reuters) – UK grocery inflation fell for a sixteenth month in a row in June, industry data showed on Tuesday, providing a little cheer for Prime Minister Rishi Sunak ahead of next month’s election. Market researcher Kantar said annual grocery...