Whole Foods to launch millennial-friendly new chain of stores
Whole Foods plans on opening a less expensive and millennial-friendly new chain of stores as it faces increasing competition. Shares of the company plunged after posting...
Morrisons reports further drop in quarterly sales
Morrisons reported a further drop in sales in the first quarter.
The supermarket chain posted a 2.9% drop in like-for-like sales excluding fuel in the...
Tesco posts record yearly loss of £6.4 billion
Tesco posted a yearly loss of nearly £6.4 billion for 2014, one of the biggest losses ever reported by a British company and far worse than...
Primark reeling from the impact of a sliding euro
With just months before it enters the US market, fast-fashion retailer Primark is reeling from the impact of a sliding euro.
On Tuesday the retailer’s...
Supermarkets con consumers into discounts that don’t exist, says Which
British supermarkets manipulate and exaggerate discounts in order to con shoppers into believing they are making savings that do not exist, says Consumers’ Association...
Target overwhelmed by demand for Lilly Pulitzer product line
On Sunday morning Target Corp’s website was made inaccessible because of overwhelming demand for the highly-anticipated debut of its Lilly Pulitzer product line.
A product...
Debenhams posts impressive first-half profit of £88.9 million
Debenhams, the UK’s second largest department stores chain, reported better than expected first-half profit.
The retailer posted pre-tax profit of £88.9 million in the last...
Etsy prices IPO at $16 a share, valuing company at $1.78 billion
Etsy Inc priced its initial public offering (IPO) at $16 per share, valuing the e-commerce website at around $1.78 billion. An IPO is when shares...
Poundland posts record high yearly revenue of over £1 billion
Poundland posted record high yearly revenue of over £1 billion for the 12 months to 29 March - the first fiscal year in which...
Walgreens plans on closing 200 stores across the US
Walgreens, the United States’s largest drug retailing chain, announced plans to close 200 stores across the country as part of its $1 billion charge-reduction...