H&M shares jump 10 per cent as summer collection boosts profit
H&M (HMb.ST) shares hit a 16-month high on Thursday after its second-quarter profit beat estimates with its summer collection doing well as warmer weather arrives...
retail
Once-high-flying retailer ASOS falls after FTSE 250 relegation
ASOS (ASOS.L), the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from...
US retail sales miss expectations, but core sales strong
US retail sales increased less than expected in April, but the underlying trend was solid, suggesting that consumer spending likely remained strong early in the...
Richemont sales boosted by consumer bounceback, shares hit record
Luxury goods group Richemont (CFR.S) beat expectations on Friday after high demand from Chinese consumers for jewellery and watches boosted sales over the three months...
Valentino sales up 10 per cent in 2022 boosted by directly-owned shops
Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales rose 10% at constant currencies, boosted by its...
Walmart aims for 65 per cent of stores to be automation serviced by 2026
Walmart Inc (WMT.N) on Tuesday said it expects about 65 per cent of its stores to be serviced by automation by the end of its...
Shoppers to face fresh price hikes as stores, suppliers pass on costs
Grocery costs seen rising further in 2023 -executives, analysts Input costs exacerbated by Ukraine war Retailers seeking to pass on high raw material costs Unilever,...
Britain’s Sainsbury’s partners with Just Eat for home delivery
Sainsbury’s (SBRY.L), Britain’s second biggest supermarket group, has linked up with online meal ordering and delivery firm Just Eat Takeaway (TKWY.AS), to add faster home...
Evel president: ‘new mall a catalyst for business modernisation in Larnaca’
President of the Larnaca Chamber of Commerce (Evel) Stavros Stavrou on Friday attended the opening of the Metropolis Mall in Larnaca, where he delivered an...
Abercrombie cuts sales forecast as Hollister falls out of fashion
Abercrombie & Fitch Co on Thursday cut its full-year sales and margin forecasts after reporting a surprise quarterly loss, underscoring increasing competition for consumer dollars...
