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Retail
How Are Supermarket Stocks Performing Amid Rise in Food and Beverage...
November 13, 2020 03:33 AM AEDT | By Hina ChowdharySummary Grocery sales in the UK have registered a growth of 7.2 per cent in the last week of October 2020 and 6.2 per cent for the whole month on a...
Sainsbury’s (LON: SBRY) Double Up Scheme Now More Rewarding for Vuln...
November 12, 2020 01:45 AM AEDT | By Hina ChowdharySummary The annual Nectar ‘Double Up’ promotion of the UK-based general retailer J Sainsbury PLC has started. The points can be double...
Is Ocado (LON: OCDO) Stock Getting Impacted by Fresh Patent Infringe...
November 11, 2020 07:50 PM AEDT | By Team Kalkine MediaSummary Robotics company AutoStore has filed another lawsuit against Ocado accusing it of infringing patents On 1 October 2020, AutoStore had sued...
WH Smith (LON: SMWH) Drops A £4.5 Million Bonus Plan for Its Chief E...
November 10, 2020 11:38 PM AEDT | By Kunal SawhneySummary WH Smith has abandoned its plans to reward its chief executive with a windfall of shares worth millions The book and the stationery chain...
Sainsbury’s to Slash 3,500 Jobs and Close Down Nearly 420 Argos Stor...
November 07, 2020 08:10 PM AEDT | By Hina ChowdharySummary Sainsbury’s reported a loss of £179 million on account of the coronavirus pandemic while announcing its half-yearly report Des...
Marks & Spencer Post First-Ever Loss In 94 Years After Its Clothing...
November 06, 2020 10:04 PM AEDT | By Kunal SawhneySummary M&S has reported a loss after tax of £6 million in the first half-year of 2020, its first in 94 years The company has witnessed...
How Are Primark and Sainsbury Preparing For The Second Lockdown?
November 04, 2020 09:33 PM AEDT | By Team Kalkine MediaSummary Stores of Primark have already temporarily shut down in Ireland, France, Belgium, Wales, Catalonia in Spain, and Slovenia Stores in Englan...
Ocado Shares Surge on Acquisition Deal of Two US Robotics Firms
November 03, 2020 04:09 AM AEDT | By Kunal SawhneySummary Ocado Group is set to buy two US robotics firms - Kindred Systems Inc and Haddington Dynamics Inc - for a total of $287 million Ocado expe...
Next Plc Increases Profit Forecast but Fears Another Lockdown
October 30, 2020 03:37 AM AEDT | By Team Kalkine MediaSummary FTSE 100 listed retailer expects its pre-tax profit for the year to be £65 million higher than it forecast last month to £365 m...
Shoe Zone Shares Crash Amid Warning of Store Closures, Yearly Loss
October 30, 2020 02:35 AM AEDT | By Hina ChowdharySummary Shoe Zone share price crashed by around 8 per cent intraday to hit an all-time low of GBX 35 The shares of the company had lost as much as...
Fraser Group Gets 48-Hour Deadline to Make A Binding Commitment for...
October 28, 2020 01:41 AM AEDT | By Hina ChowdharySummary Frasers Group has to make a rescue bid of £300 million in next 48 hours for Debenhams Throughout the coronavirus crisis, Debenhams h...
British super marketers on a discount spree to cheer the festive sea...
October 22, 2020 03:48 AM AEDT | By Kunal SawhneySummary Top Retailers Waitrose and Co-op announce price cuts on essential goods to woo customers Most supermarket majors Tesco, Asda, Morrison, Sa...
Boohoo share price falls around 20 per cent after PwC quits as fashi...
October 21, 2020 11:06 PM AEDT | By Kunal SawhneySummary On 19 October, Boohoo announced that PwC was still its auditor but would not participate in the bidding process for a new auditor. PwC has...
Asda Pledges to Become Carbon Neutral By 2040
October 21, 2020 03:39 AM AEDT | By Kunal SawhneySummary Asda Ltd is the second retailing company in the United Kingdom after Sainsbury Plc to pledge to be carbon neutral by the year 2040. The co...
AO World shares close 30 per cent up as online sales electrify
October 16, 2020 09:49 PM AEDT | By Kunal SawhneySummary A strong trading update soared the share prices of AO World The online electrical goods retailer forecasted a more than 50 per cent jump i...
Asos share falls despite 329 per cent rise in profit, cautions on co...
October 16, 2020 03:32 AM AEDT | By Kunal SawhneySummary The online fashion retailer posted a record jump in pretax profit. The British fashion giant’s profits were up because it could cut...
Amazon not to be impacted by the UK digital services tax
October 15, 2020 10:04 PM AEDT | By Hina ChowdharySummary Small retailers would be attracting the tax instead of big retail giants like Amazon Local traders would be at a disadvantage as a result,...
Stock performance of Tesco and Sainsbury amid surge in UK grocery sa...
October 15, 2020 09:36 PM AEDT | By Kunal SawhneyAfter the recent industry data suggesting a rise in British grocery sales for September 2020, market experts indicated that the share prices of two of...
Tesco (LON: TSCO) defends paying dividend to its shareholders
October 09, 2020 09:54 PM AEDT | By Kunal SawhneySummary The Tesco Group has declared an interim dividend of 3.20p per share to its shareholders Doubling of online food sales and surge witnessed...
Mike Ashley’s Frasers Group Gets Investors Support for Staff Bonus S...
October 09, 2020 02:26 AM AEDT | By Team Kalkine MediaSummary Frasers Group announced a staff bonus scheme that could be worth in excess of £100 million In 2017, the company had last made a bonu...
AI on the Rise: A Look at Top AI Companies and Their Stocks
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