Christmas Cheers for Retailers: Tesco (LON: TSCO), Dunelm (LON: DNLM) post strong sales

• January 12, 2021 12:26 PM GMT
• Kunal Sawhney

Summary The BRC trade body published a report on Tuesday depicting a 0.3 fall in the total retail sales The figures indicate the performance of the retail sector for 2020, which is was declared as the worst year since 1995 The report publi...

• January 12, 2021 08:49 AM GMT
• Team Kalkine

Summary Fall in the UK consumer spending of 2.3 per cent YoY for the month of December has been reported by Barclayard Pubs and bars saw the consumer spend drop by 71 per cent, the report said The British consumer spending is said to have ...

• January 06, 2021 09:41 AM GMT
• Hina Chowdhary

Summary UK shops will remain closed amid the third lockdown restrictions. The prices of shops have been declining month-on-month. Online shopping, remote working and lockdown restrictions have weighed down heavily on the showrunners. &nbs...

• January 05, 2021 11:15 AM GMT
• Kunal Sawhney

Summary Next Plc shares surged more than 9 per cent on Tuesday after the company reported a considerable uptick in the provisional sales in fourth quarter The stock of Next has touched a 5-year high following the massive spike in the share pric...

• December 24, 2020 11:27 AM GMT
• Hina Chowdhary

Summary Tesco has recalled one of its Christmas snacks and warned the customers against serious health hazards A batch of Finest Festive Fruit & Nut Selection was incorrectly placed in the Tesco Finest Festive Belgian Dark Chocolate Brazil ...

• December 22, 2020 11:02 AM GMT
• Kunal Sawhney

Summary Frasers has withdrawn its earlier guidance of a 20-30 per cent improvement in underlying EBITDA. Shares of UK retailers dropped in the wake of Tier 4 restrictions in London, South East, and East of England. The plight of high stree...

• December 15, 2020 04:15 PM GMT
• Kunal Sawhney

Summary Ocado has acquired San Francisco-based robotics company Kindred Systems Since its inception in 2014, Kindred Systems was amongst the pioneers to deploy AI and reinforcement learning to develop a process of handling disparate items The ...

• December 11, 2020 07:10 AM GMT
• Kunal Sawhney

Summary Ocado Group plc has upgraded its EBITDA forecast for the year of 2020 on the back of the continued success of its joint venture Ocado Retail Ltd, a joint venture of Marks & Spencer and Ocado. Since the launch of the joint venture, t...

• December 07, 2020 11:49 AM GMT
• Team Kalkine

Zalando Co-CEO Rubin Ritter has decided to step down from his position by the next year and concentrate on his personal life instead. He was with the German online fashion retailing major for eleven years along with other two CEOs -- Robert Gentz a...

• December 05, 2020 12:40 AM GMT
• Hina Chowdhary

Summary Footfall across High Street retail establishments in the UK registered an 87 per cent jump on 2 December compared to the same day the previous week after the second lockdown was removed, The footfall was still 26 per cent lower compared...