Nike Inc first quarter profits beat expectations
Nike reported better than expected profits for the three months to 31 August.
The sportswear giant posted profits of $1.18 billion (£775 million) in the...
Over half of British households now shop at Aldi or Lidl
The German discount retailers Aldi and Lidl have seen a surge in popularity over the past few years.
According to the latest figures, more...
Morrisons selling 140 local convenience stores for £25m
UK retail giant Morrisons announced that it is selling 140 of its M local convenience stores for approximately £25 million.
The supermarket chain said that...
Tesco just sold its Korean retail unit for £4.2 billion
Tesco has sold off its South Korean retail unit Homeplus for £4.2 billion in a move that is set to help strengthen the supermarket chain’s...
UK retail sales plunged in August
Retailers in the UK suffered a huge plunge in sales in August - the worst drop since the height of the 2008 financial crisis.
According...
Walmart to stop selling assault rifles in the US
Walmart announced that it will stop selling assault rifles at its stores in the US.
The retailer said that the decision was driven by changing...
Asda raises price it pays for milk to help dairy farmers
Asda announced that it will increase how much it pays its milk suppliers to “a level that will assist" farmers.
The supermarket chain said that...
Carphone Warehouse data breach may affect millions of customers
Up to 2.4 million Carphone Warehouse online customers may have had their personal details accessed by hackers in what’s considered to be one of...
UK’s “big four” supermarkets all post drop in sales
All of the UK’s “big four” supermarket chains posted a drop in sales over the last 12 weeks.
Asda posted the biggest loss and lost...
Pending US home sales rose 0.9 percent in May
The US real estate market is showing strong signs of recovery after a rough start to the year.
Pending home sales (a measure of signed contracts to purchase...