Asda reports lower profits and sales in 2016
Asda reported lower profits and sales in 2016, according to accounts filed at Companies House.
Pre-tax profits at Britain’s third biggest supermarket chain fell by...
Retail SMEs confident that they can compete with larger online rivals, survey
A new survey suggests that many retail SMEs feel optimistic about trading conditions in the U.K. and quite bullish about competing against larger online...
True Religion files for bankruptcy protection
True Religion filed for bankruptcy protection this Wednesday.
The beleaguered upscale jeans maker has experienced a sharp decline in sales since 2013 as consumers shifted...
Nike announces partnership with Amazon and Instagram
Nike announced that it is partnering with Amazon and Instagram as part of an effort to change its sales tactics as more consumers make purchases online.
Walmart is acquiring the online men’s clothing company Bonobos for $310 million
Retail giant Walmart announced that it is acquiring Bonobos, an online-only men’s clothing company, for $310 million.
The acquisition is part of the company’s plan...
Amazon to acquire Whole Foods for $13.7bn
Amazon has agreed to acquire upmarket grocer Whole Foods for $13.7bn in an all-cash transaction, making it the online retail giant’s largest acquisition ever.
The...
Nestle is considering selling its US confectionary business
Nestle is considering selling its US confectionary business, which includes the Butterfinger, Baby Ruth and Crunch chocolate bar brands.
The company’s US confectionary business generated...
Europe’s craft beer market to grow steadily over next 4 years
Thanks partly to the rise of microbreweries, Europe's craft beer market is set to grow at a compound annual growth rate of over 11...
Aldi and Lidl achieved record UK market share
Aldi and Lidl achieved a record market share of 12% (combined) in the UK, after growing at their fastest rate since January 2015, says...
Best Buy reports unexpected rise in first quarter sales, shares surge 21.48% to record...
Best Buy surprised investors by announcing a rise in first-quarter comparable sales and impressive earnings of $188 million, or 60 cents per share, on...