Tiffany’s & Co expects sales to drop by 10 percent this quarter
Tiffany’s & Co expects weak performance in the quarter ending April, announcing on Friday that sales are forecast to drop by 10 percent.
Its stock...
FAA gives Amazon the green light to test delivery drones in the US
The Federal Aviation Administration (FAA) has given Amazon the green light to test delivery drones.
On Thursday the agency issued Amazon an "experimental airworthiness certificate”.
This is...
Sainsbury’s posts another fall in quarterly sales
Sainsbury’s reported yet another fall in quarterly sales as the UK retailer continues to struggle against competition from discounters such as Lidl and food...
Tesco makes a comeback while Asda nosedives
Supermarket giant Tesco is making a comeback, while UK Walmart subsidiary Asda nosedives. For the 12-week period ending on March 1st 2015, Tesco sales...
Asda sales drop to worst level in 20 years
Asda is struggling more than any of the other big four UK supermarket chains.
It had its worst sales performance in more than 20 years...
Tesco removing Schweppes from its shelves because of price dispute
Tesco, the UK's largest retailer, has removed Schweppes from the shelves of its supermarkets.
The company has pulled 25 lines of Schweppes (including tonic water...
Morrisons names former Tesco director David Potts as new chief executive
Morrisons, the UK's fourth largest supermarket chain, has named former Tesco director David Potts as its new chief executive.
Potts began working at Tesco when he...
Retail sales slumped in February, surprising analysts, UK
Analysts were surprised to see a slump in UK retail sales in February, according to a report published by the CBI (Confederation of British...
Procter & Gamble to divest 100 brands over next few months
Procter & Gamble announced that it plans to divest around 100 of its underperforming brands over the next couple of months. The brands being...
ASDA spending £600m this year on expansion plans
ASDA, the second largest food retailer in the UK, announced plans on spending £600m to expand its presence in the UK - through opening...