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Retail
Ocado’s Mark & Spencer JV Strategy Yields Good Return
September 16, 2020 11:11 PM AEST| By Kunal SawhneySummary Aided by the recent shift in consumer preference to online shopping Ocado is now valued at close to £5 billion, while market leader Tesco’s market capitalisation stands at about £21.5 billion. The new JV that Ocado ent.....
Retailers adopt 5-pronged strategy to fight Covid-19 crisis: focus on TSCO, SBRY, and MRW
September 14, 2020 11:00 PM AEST| By Team Kalkine MediaSummary The retail stores are one of the hardest-hit industries by the coronavirus pandemic and the ensuing mass migration of shoppers to online retail portals. High street retail outlets as well as the supermarket chains, all have been equally.....
Tesco’s Experiment with Drone Can Be A Game Changer for Supermarkets
September 11, 2020 11:44 PM AEST| By Kunal SawhneySummary Tesco to test aerial delivery through drones in October, it would initially try home deliveries of essentials Walmart begun trial of a pilot project on drone deliveries of essentials in North Carolina and has partnered with Israeli star.....
Tesco Initiates Efforts to Bring Down the Ecological Cost of Food Waste
September 07, 2020 11:20 PM AEST| By Team Kalkine MediaSummary Tesco would be conducting a six-week experiment with environmental charity group Hubbub where they will advise families on meal planning, food storage and using leftovers. Since the outbreak of the pandemic and the subsequent lockdown p.....
Retailers Come to Aid Government in Job Creation- Amazon and Co-Op Group Announce Big Hiring Plan
September 04, 2020 11:11 PM AEST| By Team Kalkine MediaSummary Online retail sales in July continued its strong run and were 50 per cent higher than the pre-crisis levels of February 2020 The number of people who are currently out of work has increased, and the Claimant Count has risen to 2.7 milli.....
Unilever Plc Join the Bandwagon, To Cut Fossil Fuels from Its Cleaning Products
September 02, 2020 11:30 PM AEST| By Hina ChowdharySummary Many of the companies are concentrating on procuring or investing in renewable energy, such as wind and solar power, while others emphasis on efficiently producing their goods and services. Unilever has recently been in the limelight af.....
UK Retailers Cutting Jobs at Fastest Rate Drag the FTSE 100 Down
August 26, 2020 05:00 AM AEST| By Team Kalkine MediaThe stock market’s sentiment remains volatile across the world, which is reflected in the frequent crashes in the share markets globally. The United Kingdom’s financial markets are witnessing sharp volatility currently because of the fa.....
Is the Sales at Tesco, Ocado, Morrison Supermarkets Getting Impacted Due to The Face-Covering Rule?
August 19, 2020 11:33 PM AEST| By Hina ChowdharySummary On 24 July 2020, a new rule had been enforced by the British Government, making it compulsory for the citizens to wear a face cover. As the number of cases of coronavirus has subsided, and the United Kingdom has been facing a low rate o.....
UK Supermarkets Bracing Up for A Face-Off with Online Market Place-Tesco And Ocado In Focus
August 17, 2020 11:00 PM AEST| By Team Kalkine MediaSummary Supermarkets expect a surge in online deliveries as half a million people are likely to go into quarantine Tesco is going to waive basic delivery charge of £4.50 to tackle Amazon, a US technology firm which operates on a similar c.....
Recent Developments in the British Retail Sector
August 01, 2020 10:20 AM AEST| By Team Kalkine MediaSummary Social media has emerged as an influential medium to aid the efforts made by the individuals and entities, in expanding their businesses Burberry opened its social retail platform on 31 July 2020 in Shenzhen, China, with an exclusive pa.....
Retail Sales Volume and Value Increases in the Month of June in the UK
July 24, 2020 11:50 PM AEST| By Team Kalkine MediaSummary Increase in the value sales and volume sales was seen in June by 13.6 per cent and 13.9 per cent respectively compared to that in May 2020 The total retail sales continued to increase in June, reaching similar levels as pre-pandemic, wi.....
Tesco Plc Removes Contract Cleaners, Shops to be Cleaned by Staff
July 23, 2020 11:12 PM AEST| By Team Kalkine MediaSummary Tesco removes contract cleaners and has reportedly handed over extra work duties to the staff at nearly 2000 of its stores Tesco had been using third party contract suppliers for cleaning the stores Customers across the world have move.....
Britain's Grocery Sales Returning to Pre-Lockdown Levels as Frenzied Buying Stops
July 22, 2020 11:00 PM AEST| By Kunal SawhneySummary Shopping trends are returning towards normality as lockdown eases People have witnessed negligible disruption in the supply of essentials, and there is no panic buying Retailers have now reopened all their stores for the public with en.....
Earnings of Three Consumer Discretionary Sector Stocks - DC., BRBY and MCS
July 17, 2020 07:41 AM AEST| By Kunal SawhneySummary The revenue of Dixons Carphone decreased by 3 per cent in FY19-20 to £10,170 million, in comparison with £10,433 in FY18-19 The retail revenue for the Burberry Group was down by 45 per cent to £257 McCarthy Group's r.....
Boots and John Lewis Further Aid the Tsunami of Job Losses in Retail Sector
July 10, 2020 11:10 PM AEST| By Hina ChowdharySummary Around 5,300 job losses have been announced by Boots, and John Lewis Boots would be cutting down 7 per cent of its workforce, reducing its employee count by 4,000 John Lewis will close eight of its 50 stores permanently, which would re.....
FTSE Bargains: Two Beaten Down Stocks from High-Street – BOO and BRBY
July 10, 2020 06:45 AM AEST| By Team Kalkine MediaAs the novel coronavirus washed up on the shores of the United Kingdom, high-street retail stores closures intensified across the nation. The detrimental consequences for these retailers further affected the investor sentiment, at a time when the pan...
Sports Direct Raises An Objection Against Directors Of Goals Soccer Centres
June 21, 2019 08:20 AM AEST| By Team Kalkine MediaSports Direct International PLC The Sports Direct International PLC (SPD) retail chain was formed in the year 1982; headquartered in London, the United Kingdom, is a well-known supplier of retails sports, footwear, leisure clothing, apparel and equi...
Mothercare Plc Announced FY2019 Results
May 25, 2019 08:35 AM AEST| By Team Kalkine MediaGlobal retailer Mothercare Plc is the leading specialists for the parents and young children. The group reported its full year financial results for the year ended March 30, 2019. The general retailer's total revenue, including continuing and non-con...
Marks & Spencer Group Plc Reported FY2019 Results
May 25, 2019 08:15 AM AEST| By Team Kalkine MediaThe general retailer Marks & Spencer Group Plc reported its full year financial results for the period ended March 31, 2019. During the reported period, the group's revenue declined by 3.0% to £10,377.3 mn from £10,698.2 mn in the last financial...
Marks & Spencer Group - Why Are Marks & Spencer Group's Shares Gaining Traction Lately?
May 15, 2019 08:20 AM AEST| By Team Kalkine MediaLondon headquartered Marks and Spencer Group Plc is a leading global retailer, engaged in the business of distribution of its own brand apparels, food and other home products through its stores and online platform. Its areas of operation are divided...
AI on the Rise: A Look at Top AI Companies and Their Stocks