retail-trade
Top StoriesDiy Retailer Kingfisher Launches AI-powered Customer Assistant
Top StoriesM&s Upbeat on Christmas in UK While Ahold Flags US Weakness
Top StoriesAdidas Says Demand for Samba Shoes Far Outstrips Supply
Top StoriesUK Online Sales to Grow 2.7% in Christmas Shopping Season -Adobe Report
Jewellery Maker Pandora Raises Sales Forecast After Q3 Profit Beat
Date: November 9, 2023
Jewellery maker Pandora raises sales forecast after Q3 profit beat COPENHAGEN (Reuters) – Danish jewellery maker Pandora reported a smaller than expected drop in third-quarter profit on Wednesday as more shoppers came to its stores, and raised its full-year sales outlook, sending its shares up. The company, known for its bracelets and charms, said that...
UK’s M&s Cautious on 2024 Outlook After First-Half Profit Beats Expectations
Date: November 8, 2023
UK’s M&S cautious on 2024 outlook after first-half profit beats expectations By James Davey LONDON (Reuters) – British retailer Marks & Spencer reported a much better-than-expected 75% rise in first-half profit and restored its dividend but cautioned the combination of high borrowing costs, erratic weather and geopolitical events may soon weigh on shoppers. After more...
European Shares Edge up on Retail, Healthcare Boost; Fed Decision Eyed
Date: November 1, 2023
European shares edge up on retail, healthcare boost; Fed decision eyed By Ankika Biswas (Reuters) – Europe’s benchmark index rose marginally on Wednesday, led by healthcare and retail stocks, with investors bracing for a policy decision by the Federal Reserve later in the day. The pan-European STOXX 600 was up 0.2% by 0930 GMT, after...
UK Clothing Retailer Next Raises Profit Outlook Again
Date: November 1, 2023
UK clothing retailer Next raises profit outlook again By James Davey LONDON (Reuters) – British clothing retailer Next on Wednesday raised its full-year profit outlook for the fourth time in six months as it reported better-than-expected sales in a third quarter heavily impacted by variable weather. The group, which trades from about 460 stores in...
UK Retailers Suffer Joint-Worst October on Record: Cbi
Date: October 26, 2023
UK retailers suffer joint-worst October on record: CBI LONDON (Reuters) – British retailers reported their joint-worst October for sales volumes on record and they expect another difficult time in November as households struggle with the higher cost of living, a Confederation of British Industry survey showed on Thursday. The CBI’s monthly retail sales balance, a...
Porsche Warns Luxury Not Immune to Economic Woes as Shares Hit 1-year Low
Date: October 25, 2023
Porsche warns luxury not immune to economic woes as shares hit 1-year low By Victoria Waldersee BERLIN (Reuters) -Porsche AG shares on Wednesday hit a one-year low since its listing last September as the carmaker warned the luxury sector was also feeling the hit of dampened consumer spending as interest rates rise. The company’s supply...