Retail revolution
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17 May
Walmart results: Retail giant still on top, but Amazon is catching up
Walmart is still winning the battle for US retail domination despite increased competition from the likes of Amazon.
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17 May
Ocado shares skyrocket as it announces partnership with Kroger
Ocado shares rocketed on the news that it signed a partnership with the US supermarket chain Kroger.
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10 May
Adidas’s partnership with Kanye West: How its revenue has grown
Adidas recorded a “successful” start to the year with revenue growth of 10% in the first quarter.
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9 May
Walmart-Flipkart deal: Walmart gets a jump start in race for India’s ecommerce market
US retail giant Walmart is shelling out $16 billion for control of Indian ecommerce platform Flipkart in a bid to cash in on India’s fast-growing economy.
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30 Apr
Sainsbury’s share price jumps after confirmation it plans to merge with rival Asda
Sainsbury’s and Asda, two of the UK’s biggest supermarkets, have confirmed their plans to merge, following media reports over the weekend — sending Sainsbury’s share price higher.
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30 Apr
Sainsbury’s and Asda: Where the combined group will sit in the market
UK supermarket giants Sainsbury’s and Asda — two of the sector’s so-called big four grocers — have confirmed they intend to merge.
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19 Apr
How Overwatch helped double Activision Blizzard’s stock price in two years
The online multiplayer phenomenon Overwatch was the second biggest earning title in the premium PC market in 2017 — a year since its release in May 2016.
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19 Apr
Prime time: 1.3% of the world population now have an Amazon Prime membership
A staggering 1.3% of the world’s population now have an Amazon Prime membership as paid subscriptions pass the 100 million mark.
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12 Apr
Luxury US retail chain Nordstrom is opening a New York store today
Seattle-based and family-run fashion chain of department stores Nordstrom is opening its first New York City store today.
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11 Apr
Investors pile in to Tesco as profits climb 28% and it pays its first dividend in three years
UK supermarket giant Tesco has said its underlying operating profits climbed 28.4% to £1.64 billion last year, marking the ninth consecutive quarter of growth for Britain’s biggest supermarket.
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9 Apr
Can you remove plastic packaging from the weekly shop? Here’s how some businesses are doing so
Unless you live in Burgess Hill (or one of the villages surrounding it), a small town south of London, the chances are you won’t have heard of Charlotte’s Cupboard.
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9 Apr
UK retailer collapses could mean 10,000 jobs are lost over two years
The Christmas period was unable to save the UK’s biggest toy retailer from closure.
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5 Apr
How Nike has doubled its revenue in another decade of sportswear dominance
The world is becoming more health-conscious and sportswear giants Nike are reaping the rewards.
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4 Apr
Haider Ackermann departure prompts LVMH shake-up, but who are the designers involved?
As the parent company of many of the world’s biggest luxury brands, such as Dior, Louis Vuitton, TAG Heuer and Givenchy, LVMH has access to a vast pool of the world’s most talented creatives.
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4 Apr
The WPP share price has fallen after news Sorrell is under investigation for misconduct
The WPP share price — already struggling due to tough industry trading conditions — has fallen at the market open in London today, down a little over 2%.
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27 Mar
H&M falls out of fashion as shares hit ten-year low
The H&M share price hit a ten-year low this morning, the latest in a series of financial setbacks suffered by the Swedish clothing retailer.
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23 Mar
UK’s Next share price jumps as profits fall for third year in a row
British clothing retailer Next has announced an 8% fall in annual profits in what it has described as its toughest period in 25 years.
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21 Mar
HelloFresh shares rise on 52% yearly sales increase
The German meal kit company HelloFresh share price has leapt after the company revealed a 52% increase in revenue in 2017 and said it expects to break even by the end of this year.
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20 Mar
Claire’s bankruptcy blamed on 56-year-old brand’s failure to move with the times
US retailer Claire’s filed for voluntary bankruptcy protection under Chapter 11 in Delaware on Monday, in a bid to reduce its $2.2 billion debt pile.
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20 Mar
UK retailers get access to Instagram shopping
Instagram Shopping has become available for UK retailers today in a bid to enable a more seamless shopping experience and drive retail spending via the app.
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16 Mar
Li Ka-shing, Hong Kong’s richest man, will retire in May
Hong Kong’s richest man has announced his intention to retire later this year, having risen from factory cleaner to the chairman of one of Asia’s leading conglomerates.
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16 Mar
L’Oreal is getting a virtual makeover with Modiface acquisition
The L’Oreal share price rose this morning after the French cosmetics giant announced it’s buying Canadian virtual reality beauty firm ModiFace for an undisclosed amount to expand its digital footprint and seize a slice of online sales.
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15 Mar
PZ Cussons shares down the drain after profit warning
Shares in soap manufacturer PZ Cussons tumbled by 25% this morning – the worst day in the company’s history – after it issued a warning on full year profits.
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15 Mar
Pierce Brosnan says he was “cheated” by an Indian mouth freshener brand
Former James Bond actor Pierce Brosnan says an Indian mouth freshener brand “cheated” him.
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15 Mar
Amazon Japan’s office has been raided by the country’s anti-monopoly watchdog
Japan’s Fair Trade Commission has raided Amazon’s offices in the country amid allegations the company asked vendors to shoulder part of the costs for offering their products at a discount.
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6 Mar
Lego plans China expansion as sales and profits fall for the first time in 13 years
Lego has suffered a tough year in 2017.
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1 Mar
These are the US retailers that have jumped before they’re pushed on gun control
As children return to class after last month’s Florida school shooting that left 17 dead, US retailers are distancing themselves from firearms.
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1 Mar
Who is Riccardo Tisci, Burberry’s new chief creative officer?
Burberry has confirmed the appointment of its new chief creative officer (CCO) to replace departing president Christopher Bailey.
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28 Feb
Tough trading conditions are leaving blood on the UK’s high streets
Two high-profile British retailers have collapsed this morning, highlighting the dire state of the UK’s high street with experts predicting more failures to come.
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20 Feb
Walmart’s ecommerce sales growth slows as battle with Amazon heats up
Walmart has reported its full year results, revealing its online sales growth is losing steam and disappointing some investors.