retail
British supermarket group Sainsbury’s (SBRY.L) will offer lower prices to customers using its digital loyalty scheme and self-scanner service, deepening ties with shoppers and cutting...
Zara owner Inditex outshines H&M as sales top pre-pandemic levels
Fashion brand Zara owner Inditex (ITX.MC) has outpaced Swedish rival H&M (HMb.ST) in its efforts to bounce back from the coronavirus crisis, with second-quarter sales...
The battle for British supermarket group Morrisons
The battle for Morrisons (MRW.L), Britain’s fourth-largest supermarket group, is the most high-profile looming takeover in the country amid a raft of bids and counter...
Boohoo’s £500 million plan to create 5,000 jobs in UK
British online fashion retailer Boohoo said on Thursday it would invest 500 million pounds ($693 million) in the United Kingdom over the next five years,...
Revised offer for British supermarket group Morrisons accepted
British supermarket group Morrisons has agreed to an improved takeover offer worth 6.7 billion pounds ($9.3 billion) in cash from a consortium led by Softbank-owned...
Drinks makers target high-end spirits for post-COVID growth
Major drinks companies are making deals and reaching joint ventures to boost their offerings of spirits priced at $200-a-bottle and up, the fastest-growing segment in...
Foot Locker makes $1.1 bln investment in smaller retailers
Foot Locker will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as...
Unilever rejects boycott movement
Coming under fire for Ben & Jerry’s decision to stop selling ice cream in Israeli-occupied territories, parent company Unilever sought to assuage concerns of several...
McDonald’s big sales growth expected as labour crunch looms
McDonald’s BTS celebrity meals and crispy chicken sandwiches are expected to fuel a US sales increase of 24 per cent when the company reports second-quarter...
Younger shoppers drive Burberry sales rebound
Burberry (BRBY.L), the British brand seeking to replace departing boss Marco Gobbetti, said its like-for-like sales had risen above pre-pandemic levels, driven by new, younger...