John Lewis posts its first £100m week of the festive season
John Lewis, the UK’s largest department store group, announced that sales in the week ending 14 November rose 1.5 percent and the retailer reported...
Wal-Mart reports 1.5% increase in US same-store sales
Wal-Mart Stores Inc posted better-than-expected third quarter results on Tuesday, with U.S. same-stores sales up 1.5% - the fifth consecutive quarterly increase.
The retailer reported...
Ikea in talks to open store on Oxford Street, London
Swedish furniture chain Ikea is in talks to open a store at the BHS building on Oxford Street, one of London’s prime shopping locations.
According...
Sainsbury’s reports 18% drop in first half profits
Sainsbury's posted an 18% drop in first half profits in the first half of the year due to what it called a "particularly challenging"...
McDonald’s will not put its properties in a REIT
McDonald’s has decided against creating a real estate investment trust (REIT).
Chief Executive Steve Easterbrook broke the news at the company’s investor meeting on Tuesday....
Morrisons posts another drop in sales, shares plunge 4%
Morrisons posted yet another quarterly drop in sales.
The retailer reported a drop in like-for-like sales of 2.6%, excluding fuel, in the third quarter, with...
Marks and Spencer posts another drop in sales
Marks and Spencer posted yet another drop in sales as efforts to boost its women's fashion range failed to deliver results.
Sales of clothing and...
Burberry to open £50 million manufacturing facility in Leeds
Burberry announced plans to build a new £50 million manufacturing and weaving facility in South Bank, Leeds.
In this context, 'factility' means 'factory.'
The development, which...
Walgreens posts Q4 results in line with Wall Street expectations
Walgreens Boots Alliance Inc. reported fourth quarter earnings of 88 cents per share, beating expectations of 81 cents a share.
Revenue in the period rose...
Aldi to raise wages to a minimum of £8.40 an hour
Discount retailer Aldi announced that it is going to be paying its employees in the UK more than the compulsory "national living wage” which...