retail-trade
Top StoriesUK Supermarket Asda Says 2023 Underlying Profit up 24%
Top StoriesSterling Wavers as Markets Gauge Reported Israeli Attack on Iran
BusinessUK Retail Sales Stagnate Despite Easing Inflation
Top StoriesLvmh Shares Rise After Luxury Giant’s Q1 Sales Offer Element of Reassurance
Superdry Plans to Go Private as It Kicks Off Three-Year Turnaround Plan
Date: April 16, 2024
Superdry plans to go private as it kicks off three-year turnaround plan (Reuters) -British fashion chain Superdry announced a three-year restructuring plan on Tuesday and said a fund raising backed by its CEO and co-founder Julian Dunkerton would allow the company to delist from the London Stock Exchange. The maker of jackets and clothing inspired...
Home Improvement Retailer Kingfisher Names Claudia Arney as New Chair
Date: April 15, 2024
Home improvement retailer Kingfisher names Claudia Arney as new chair LONDON (Reuters) – European home improvement retailer Kingfisher said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by non-executive director Claudia Arney. The changes will take place at the conclusion of the...
Nike Pins Hopes on Olympics in Race to Take Back Market Share
Date: April 11, 2024
Nike pins hopes on Olympics in race to take back market share By Helen Reid PARIS (Reuters) – Nike is set to unveil new kits for the Olympic national teams it sponsors including the U.S. and Kenya, seeking to bolster its credentials as a performance gear brand for top athletes as well as everyday consumers....
UK’s Tesco Forecasts Profit Rise as Consumer Sentiment Improves
Date: April 10, 2024
UK’s Tesco forecasts profit rise as consumer sentiment improves By James Davey LONDON (Reuters) -Britain’s biggest retailer Tesco forecast a further rise in profit on Wednesday, citing early signs of improving consumer sentiment, after customer wins from rivals helped drive an 11% jump last year. CEO Ken Murphy said easing food inflation, lower energy prices...
UK’s Thg Returns to Revenue Growth in Q4 on Demand for Beauty Products
Date: April 10, 2024
UK’s THG returns to revenue growth in Q4 on demand for beauty products (Reuters) – British e-commerce firm THG said on Wednesday its revenue continued to improve in 2024 after returning to growth in the last quarter of 2023, thanks to demand for beauty products. WHY IT’S IMPORTANT After a bumper $7 billion London initial...
Italian Hearing Aid Market Lacks Transparency, Regulator Says
Date: April 9, 2024
Italian hearing aid market lacks transparency, regulator says ROME (Reuters) – The retail market for hearing aids in Italy – dominated by domestic player Amplifon – lacks transparency on pricing and services offered, the country’s competition authority said on Tuesday. The Italian competition authority (AGCM) flagged the issue to parliament, the health and economy ministries...