All International articles – Page 88
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NewsGap sales and profits decline as global restructure begins
Fashion retailer Gap has reported falling profits and sales in its second quarter, as it began to “execute restructuring plans”.
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OpinionOpinion: Dollar Shave Club deal shows shape of retail to come
This holiday period is often called the ’silly season’. But recent deals show that making M&A hay in the summertime can be anything but silly.
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NewsLaura Ashley poised to move into China via House of Fraser
Fashion and furniture retailer Laura Ashley will officially launch in China via House of Fraser and Alibaba-owned online operator Tmall, the Guardian reported.
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AnalysisAnalysis: Recession lessons that will help retailers trade through Brexit
As retailers prepare for any Brexit storm, we look at what can be learned from the success stories of the recent recession.
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NewsTJX boosted by value credentials as its raises full-year forecast
TJX, the US-based value retailer, has raised its full-year guidance after a strong second-quarter driven by an increase in customer numbers.
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AnalysisAnalysis: Aldi ups disruption in Australia with focus on middle classes
After years of searching for a suitable site, Aldi Australia is to open a 16,150 sq ft outlet in the Bridgepoint Centre, Mosman in Sydney.
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NewsLaura Ashley like-for-likes rise 4.1% while online sales soar
Laura Ashley has reported a healthy rise in full-year like-for-likes as strong furniture sales bolstered the retailer’s underperforming fashion arm.
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AnalysisAnalysis: Will UK department stores follow Macy’s lead and shut stores?
Macy’s decision to shutter 100 of its shops across the US created shockwaves last week, despite its recent poor financial performance.
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NewsMorrisons sells stake in US online food retailer Fresh Direct
Morrisons has offloaded its 10% stake in US online food retailer Fresh Direct for £45m, five years after it invested in the firm.
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AnalysisAnalysis: Carrefour China targets convenience expansion
Carrefour’s Chinese business is to open between 40 and 50 new convenience stores in Shanghai by the end of this year.
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NewsCath Kidston to set up shop in Latin America as international push continues
Cath Kidston is set to open stand-alone stores and concessions in Latin America as it presses on with its global expansion plans.
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AnalysisAnalysis: Why Rakuten could be stuck in a fatal decline
In its latest financial results, the Japanese etailer Rakuten has revealed that it is failing to keep pace with its rivals in the digital space.
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NewsMacy’s to shutter 100 stores as second-quarter profits tumble
Macy’s has unveiled plans to shutter around 100 stores and drive investment in its online business following a drop in second-quarter profits.
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NewsAlibaba first-quarter sales surge as mobile users drive growth
Alibaba reported its highest quarterly sales growth since its flotation in 2014 as mobile purchases outstripped desktop shoppers.
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NewsZalando boss: UK is still ‘very attractive’ despite Brexit
German etail giant Zalando says Britain remains “a very attractive potential market”, despite its vote to leave the EU earlier this year.
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AnalysisAnalysis: Why Boohoo is soaring while New Look stutters
New Look reported a rare off quarter yesterday, as profits and sales slid amid Brexit nerves, miserable June weather and tough comparables.
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NewsPandora UK sales rise as boss of its British business steps down
Danish jewellery retailer Pandora has posted a jump in second quarter UK sales as the boss of its British arm prepares to step down.
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NewsNew Look profits tumble as like-for-likes slide in first quarter
New Look said profits and like-for-likes fell in the run-up to the EU referendum “with unfavourable market conditions impacting high street footfall”.
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NewsWalmart will acquire Jet.com for $3bn as it targets 'faster' online growth
Walmart has agreed to acquire online retailer Jet.com for around $3bn (£2.25bn) as the US titan seeks to bolster its ecommerce proposition.
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NewsSteinhoff to buy America's biggest bedding retailer Mattress Firm
South African retail giant Steinhoff has agreed to acquire America’s biggest bedding retailer, adding 3,500 stores to its worldwide network.