Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Shein IPO faces lower valuation as e-commerce crackdown starts to bite
Shein's ambitions for a valuation of up to $50 billion in its long-awaited Hong Kong IPO are likely to face a tough test from investors, as new fees on e-commerce parcels in Europ...
Retail & Consumer
UK retailer Dunelm rides the summer wave while DFS feels the big-ticket pinch
British shoppers reined in spending on big-ticket furnishings in the past six months but snapped up garden items for the summer, a trend that dented orders at sofa seller DFS Furn...
Retail & Consumer
Britain's Ocado shares hit 13-year low on lack of progress on winning new US partners
Shares in British technology and online grocery group Ocado tumbled to a 13-year low on Thursday after it failed to show tangible progress in talks to secure new U.S. partners to ...
Retail & Consumer
Conagra Brands forecasts annual profit below estimates
Conagra Brands forecast annual profit below Wall Street estimates on Wednesday, signaling that elevated commodity costs and cautious consumer spending would continue to weigh on...
Retail & Consumer
Discount retailer B&M hit by weak UK gardening season, shares fall
Discount retailer B&M on Wednesday reported a 2.3% decline in first-quarter like-for-like sales in its core UK market, as a slow start to the gardening season weighed on trading t...
Retail & Consumer
Fender escalates Stratocaster copyright fight, taking aim at Yamaha
Fender, the U.S. maker of the iconic Stratocaster electric guitar played by Jimi Hendrix and Eric Clapton, has widened its legal campaign to defend the guitar's design with a not...
Retail & Consumer
UK retailer Debenhams sees sustained growth as marketplace shift pays off
UK's Debenhams Group said on Tuesday that positive trading momentum continued through June and July, supported by improving sales margins and lower customer returns, as the onlin...
Retail & Consumer
UK to regulate cloud service providers Microsoft, Google and others to protect financial stability
Britain has designated cloud service providers Microsoft , Google , Amazon and Oracle as critical third-party suppliers to its financial sector, bringing them under direct regula...
Retail & Consumer
Britain's M&S flags higher shareholder returns
Marks & Spencer will this year detail plans to increase returns to shareholders in years ahead, its finance chief said on Tuesday, highlighting the British clothing and food reta...
Retail & Consumer
Fresh foods boost Amazon Now demand in Brazil, executive says
Fresh food offerings have helped boost demand for Amazon's new 15-minute quick-delivery service in Brazil, prompting the company to increase its range of products for that market ...
Retail & Consumer
UK's Ocado says CEO Steiner to stay in role through 2028
Britain's Ocado said Tim Steiner would continue to serve as chief executive until the start of the 2028 financial year, when the technology company will aim to have a successor in...
Retail & Consumer
UK's Next plans takeover bid for Harvey Nichols, Sky News reports
British clothing retailer Next is preparing to launch a takeover bid for luxury department store chain Harvey Nichols, Sky News reported on Saturday.
Retail & Consumer
Europe growth hit more by China exports than bigger trade gap, Goldman says
The bigger drag on European Union growth is losing market share to China rather than a widening trade deficit with the Asian country, Goldman Sachs said on Thursday, but added an...
Retail & Consumer
New Tesla sales in Spain rise 5.6% year-on-year in June
Tesla's new car sales in Spain were up 5.6% in June from the same month last year to 2,779 vehicles, registration data from industry group ANFAC showed on Wednesday.
Retail & Consumer
Nike slips as gloomy sales outlook, China woes hold off turnaround hopes
Nike shares slipped nearly 4% in premarket trading on Wednesday, as investors fretted over the slower-than-expected turnaround at the world's largest sportswear maker, nearly two ...
Retail & Consumer
Primark owner AB Foods expects lower annual profit as sugar weighs
Primark owner Associated British Foods said on Wednesday it still expected annual profit to come in below last year's level, with its sugar business loss-making amid a further det...
Retail & Consumer
EU slaps €3 fee on cheap ecommerce parcels in blow to Shein, Temu, AliExpress
Europe on Wednesday took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e...
Retail & Consumer
Asian airlines' Europe windfall fades as Gulf rivals rebound
Asian airlines that gained passengers and charged higher fares on European routes after the start of the Iran conflict are seeing those advantages erode as Gulf carriers restore f...
Retail & Consumer