| ||10/09/2019 - 10:34|
Swiss luxury-goods maker Richemont said the head of its fashion and accessories business resigned after one year on the job to join another company. read more
| ||04/09/2019 - 10:54|
US retailers will be front and centre on Wall Street after the US imposed new tariffs on $300bn worth of Chinese imports, including clothing, televisions, and jewellery. read more
| ||04/09/2019 - 09:37|
Fast-fashion company Zara says store closures in Hong Kong were not related to anti-Beijing protests in the city, after speculation on Chinese social media that the retailer’s employees were supporting the demonstrators. read more
| ||04/09/2019 - 09:11|
Models of superheroes and villains from Marvel’s Avengers movies helped lift first-half sales at Lego, as the Danish toymaker continued its turnaround drive with investments in China, India, the internet and new stores. read more
| ||04/09/2019 - 08:39|
IndexBox has published a new report: 'World - Grapes - Market Analysis, Forecast, Size, Trends, and Insights'. Here is a summary of the report's key findings. read more
| ||27/08/2019 - 09:43|
A quarter of the Chinese production capacity used by global sportswear brands is lying idle, according to an industry executive, as the trade war pushes the biggest labels out of the Asian nation’s factories. read more
| ||26/08/2019 - 08:21|
Amazon.com announced that it has launched its biggest campus in the world in the southern Indian city of Hyderabad, underscoring its expansion plans in the country that has been one of its fastest-growing overseas markets. read more
| ||23/08/2019 - 14:30|
After years of longing, Hasbro can finally call itself a full-fledged entertainment company. read more
| ||23/08/2019 - 10:31|
Australian retailer Coles Group reported a jump in online sales and a special dividend that cheered investors, sending its shares near their biggest one-day gain in two months.
| ||20/08/2019 - 14:13|
Total revenue of Walmart for its second quarter (Q2) of Financial Year 2020 (FY20) ending July 31 hit $130.4 billion, up 1.8 percent year on year, while the net sales of Walmart International decreased 1.1 percent year on year to $29.1 billion, the company reported.
| ||20/08/2019 - 09:47|
Estee Lauder forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skincare products soared, propelling its shares to a record high. read more
| ||19/08/2019 - 14:08|
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit, aided by growth in its e-commerce and cloud computing businesses. read more
| ||15/08/2019 - 11:29|
The ‘Green Bags’, priced at 69p for two, provide customers with a reusable alternative to single-use, small fruit, and vegetable bags. read more
| ||12/08/2019 - 12:30|
Kraft Heinz’s net income halved in the first six months of the year, the packaged food maker said as it wrote down the value of several business units by more than $1bn in results delayed by an internal investigation into procurement practices. read more
| ||08/08/2019 - 11:21|
Iconic American jeweller Tiffany & Co is partnering with Mukesh Ambani’s conglomerate to gain a foothold in the lucrative Indian market. read more
| ||08/08/2019 - 10:39|
Unilever, Tesco, and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5-trillion in assets. read more
| ||08/08/2019 - 09:31|
Nestlé plans to introduce its first range of Starbucks-branded products in China, as part of a global tie-up that will help bolster the Swiss company’s proprietary Nespresso capsules in one of its fastest-growing markets. read more
| ||07/08/2019 - 15:45|
Barneys New York filed for bankruptcy protection from creditors and laid out plans to shutter most of its stores after getting squeezed by rising rents and fewer visitors to its luxury fashion boutiques. read more
| ||06/08/2019 - 13:55|
British supermarket chain Tesco is cutting about 4,500 jobs from its Metro stores to improve the efficiency of a format that is increasingly used by customers daily rather than for a traditional weekly shop. read more
| ||05/08/2019 - 09:18|
Retail sales, a key part of Hong Kong’s economy, felt a growing impact in June from mass protests, government data shows.
| ||05/08/2019 - 09:02|
Amazon.com is in talks with Reliance Industries’ retail unit to buy a stake in India’s biggest brick-and-mortar retailer, two sources with knowledge of the talks said.
| ||02/08/2019 - 09:11|
Nestlé has announced that it will invest $100 million to expand three factories in Indonesia, as the company aims to increase its current production capacity in the country by 25%. read more
| ||31/07/2019 - 10:17|
Ralph Lauren reported better-than-expected quarterly revenue and profit on Tuesday, as its North America business benefited from a social media marketing blitz and the launch of new editions of its trademark Polo shirts. read more
| ||30/07/2019 - 10:52|
China’s pig herd could halve by the end of 2019 from a year earlier as an epidemic of African swine fever sweeps through the world’s top pork producer, analysts at Dutch bank Rabobank forecast. read more
| ||26/07/2019 - 10:16|
Amazon.com reported its first profit miss in two years and said income would slump in the current quarter, as the online retailer ramps up spending to deliver goods faster and spark sales growth. read more
| ||25/07/2019 - 10:35|
Hasbro CFO Deborah Thomas says some retailers briefly paused direct import orders from manufacturing locations in the second quarter as they watched the trade situation. read more
| ||24/07/2019 - 11:05|
Sainsbury’s is continuing its drive to reduce plastic waste by trialling the removal of plastic bags for loose fruit and veg and encouraging customers to bring their own containers or purchase a reusable bag. read more
| ||24/07/2019 - 10:41|
Waitrose has confirmed that it is closing several more of its supermarkets as part of its recent strategy to offload underperforming sites. read more
| ||18/07/2019 - 14:16|
US retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the hit on the economy from weak business investment. read more
| ||18/07/2019 - 09:53|
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit. read more
| ||17/07/2019 - 08:41|
Johnson & Johnson raised its full-year sales forecast as demand for its cancer drugs Darzalex and Imbruvica helped it exceed estimates for second-quarter profit on Tuesday. read more
| ||16/07/2019 - 14:49|
Strong demand for designer Riccardo Tisci’s new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. read more
| ||16/07/2019 - 11:38|
Shares in Japan’s Nintendo Co rose more than 4 percent last week after the company said it would soon launch Nintendo Switch Lite, a cheaper, handheld version of its hugely popular Switch games. read more
| ||15/07/2019 - 16:26|
Woolworths Holdings' (Woolies') share price gained a solid 12.8 percent last week after it announced a turnaround at its fashion, beauty and home business this year. The group, one of many local retailers to struggle in Australia and which also trades in 11 countries in sub-Saharan Africa, still relies on its home market for 71 percent of operating profit.
| ||15/07/2019 - 09:55|
Walmart has a hole to fill at its online unit, and whoever assumes the role faces a big challenge ahead. read more
| ||11/07/2019 - 11:30|
Investment holding company Brait says its UK high-street retailer New Look, which was largely responsible for the dismal performance it reported in June, is now better positioned to turn the corner. read more
| ||10/07/2019 - 08:30|
The first product in the range is a high-protein quarter pounder burger which costs £1.99 for a pack of two. It is made with soya and pea protein and flavoured with smoked salt to give a chargrilled flavour. read more
| ||10/07/2019 - 08:19|
Beverage sales rise as new packaging strategy helps company attract more consumers. read more
| ||04/07/2019 - 09:40|
JD Sports, Britain’s biggest sportswear retailer, bucked retail sector gloom yet again, as it predicted full-year profit will meet expectations on strong sales from new stores and growing demand for gym wear by trendy youngsters. read more
| ||04/07/2019 - 08:27|
British supermarket group Sainsbury’s reported a third consecutive quarter of declining underlying sales, hurt by weak clothing and general merchandise markets. read more
| ||02/07/2019 - 12:54|
Boots has confirmed that it plans to close 200 stores over the next 18 months, equal to just under 10% of the health & beauty chain’s standalone outlets.
| ||01/07/2019 - 14:29|
Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the US retail giant was looking to exit Japan where it has struggled to grow. read more
| ||28/06/2019 - 10:14|
Amazon.com has steadily added options for customers to receive their packages including in car trunks, inside home garages and potentially by drone.
| ||27/06/2019 - 09:22|
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders to hold off on taking action until management comments further. read more
| ||26/06/2019 - 09:03|
British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept many shoppers out of its stores.
| ||24/06/2019 - 15:35|
Launched during World Meat Free Week, the pop shop is a traditional style butchers offering customers a range of cuts, joints and sausages derived from plant-based alternatives such as mushroom, jackfruit, and pea protein. read more
| ||24/06/2019 - 15:02|
Carrefour, Europe’s largest retailer, took a decisive step on Sunday towards a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com. read more
| ||24/06/2019 - 08:34|
With little sign of a growth slowdown, Amazon has become the world’s most valuable brand, according to the 2019 BrandZ Top 100 Most Valuable Global Brands ranking.
| ||20/06/2019 - 09:10|
Tesco, Britains biggest retailer, said it is considering a trial of an upmarket convenience store under the 'Tesco finest' banner but has not disclosed when or where the pilot will be launched. read more
| ||19/06/2019 - 09:13|
Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer’s outlets said. read more
| ||18/06/2019 - 15:41|
Fashion retailer H&M reported sales grew for a fourth straight quarter, but also hinted it had needed to invest more to boost its online business, disappointing investors already concerned about margin pressure. read more
| ||18/06/2019 - 12:49|
Luxury fashion group Chanel, whose star designer Karl Lagerfeld died in February, reported higher annual sales and profits and once again reaffirmed its independence, stating it was not for sale. read more
| ||18/06/2019 - 11:34|
A Woolworths window display that incorporated milk bottles and plastic hangers has snapped up a prestigious global award.
| ||14/06/2019 - 11:22|
Zara owner Inditex bounced back from a weak start to 2019, when unseasonably cold weather in southern Europe stifled sales for the Spanish fashion group, with a strong performance in the first weeks of the second quarter. read more
| ||14/06/2019 - 09:50|
Farmers in Zimbabwe’s Eastern Highlands are smelling the tea and coffee.
| ||13/06/2019 - 09:12|
British online fashion group Boohoo bucked a tough retail market with robust sales growth in its latest quarter as its offer of cheap clothing, delivered quickly, chimed with shoppers. read more
| ||10/06/2019 - 15:04|
FedEx says it has decided to not renew its contract with Amazon.com for US cargo delivery through FedEx Express, the unit that delivers packages on planes.
| ||10/06/2019 - 14:40|
Walmart CEO Doug McMillon says the retailer is concerned that fresh produce prices would rise if tariffs are placed on imports from Mexico.
| ||07/06/2019 - 14:21|
Sainsbury’s has announced its latest moves to reduce the amount of plastic it uses. This includes the retailer removing the plastic bags in its stores used for loose fruit, vegetables, and bakery items. read more
| ||06/06/2019 - 08:59|
LVMH shares gained after the head of the Louis Vuitton brand gave a rosy view of its China business, easing concerns about the effects of a trade war with the US.
| ||05/06/2019 - 10:02|
Alibaba is considering raising as much as $20bn through a listing in Hong Kong, people familiar with the matter say, lining up a second blockbuster deal following its 2014 record $25bn float in New York. read more
| ||05/06/2019 - 09:17|
Waitrose has launched a new scheme where customers will be able to fill up or refill their own containers with a range of products as part of its ambitions to reduce waste. read more
| ||04/06/2019 - 10:57|
Blackstone Group is buying US industrial warehouse properties from Singapore-based logistics provider GLP for $18.7bn, in what the companies billed as the largest private real estate transaction globally.
| ||03/06/2019 - 09:00|
For apparel retailers, the plot has to unfold just right for investors to buy into the narrative. And by the market’s reaction, they clearly did not stick to the script. read more
| ||27/05/2019 - 11:31|
The “retail apocalypse” in the US has claimed more victims in the first quarter of the year than last year combined. read more
| ||27/05/2019 - 11:12|
Massmart Holdings fell the most in three months as the troubled SA retail chain warned on profit and majority shareholder Walmart sent one its own to help stem declines.
| ||27/05/2019 - 10:24|
The parent company of French grocery chain Casino insisted on Friday that there would be no consequences for some of the country’s best-known supermarket brands after it filed for bankruptcy protection following a long battle with hedge funds.
| ||27/05/2019 - 09:31|
The Guardian reports that the move is hoped to vastly reduce the litter and other environmental impacts of the nearly five billion plastic straws currently used each year in the UK, along with more than 300 million plastic stirrers and close to two billion cotton buds with plastic stems.
| ||21/05/2019 - 16:35|
The end of an international arrangement aimed at ensuring the wellbeing of Bangladeshi garment workers is likely to undermine safety by making factory owners responsible for maintaining standards, trade union leaders said.
| ||21/05/2019 - 12:23|
Nike, Adidas, and other footwear giants urged President Donald Trump to reconsider his tariffs on shoes made in China, saying the policy would be “catastrophic for our consumers, our companies and the American economy as a whole”. read more
| ||21/05/2019 - 10:48|
The US is jealous of China’s rapid economic growth and achievements in the past few years and was using the trade wars to frustrate and stall it, Lin Songtian, the Chinese ambassador to SA said. read more
| ||20/05/2019 - 17:04|
Corporate America has been under political pressure to ramp up investments at home. read more
| ||17/05/2019 - 16:29|
The U.S. Food and Drug Administration (FDA) confirmed that IQOS, Philip Morris International’s electrically heated tobacco system, is appropriate for the protection of public health and has authorized it for sale in the United States. FDA’s decision follows its comprehensive assessment of PMI’s premarket tobacco product applications (PMTAs) filed with the Agency in 2017. read more
| ||17/05/2019 - 09:38|
The Alibaba Group posted quarterly revenue and earnings that topped analyst estimates as personalised recommendations drive consumer spending across its shopping sites. read more
| ||16/05/2019 - 11:08|
Fashion retailers are faced with a dilemma: to keep up with the demands of 'fast fashion' they need rapid stock turnover. But what do they do with the surplus? read more