Søstrene Grene’s Record Profits Fuel UK Expansion Plans
Søstrene Grene, a Danish retailer with over 25 UK stores and plans for 100 by 2030, reports a 15%...
investments
Waitrose Market Share Grows Amid Investments in Food Range
Waitrose sees a 0.1 percentage point increase in market share for the first time since 2022, thanks to investments...
Retailers Investing in Store Revamps
Lead: Retailers across the UK are investing millions to revamp their stores, aiming to attract shoppers post-pandemic and during...
GameStop Raises $933M from Stock Sale for Possible Acquisitions or Investments
GameStop raised $933.4 million from a recent stock sale, intending to use the proceeds for acquisitions and investments. The...
Lowe’s Beats Expectations Amidst Challenging Market Conditions
Lowe's CEO Marvin Ellison revealed during a Tuesday earnings call that the company faced challenges due to weather, housing...
Macy’s Unveils Future Fleet of Stores Amid Downsizing Plan
Macy's revealed financial metrics for 350 stores, including 50 that are performing well enough to avoid closure in their...
Sainsbury’s Announces 1,500 Job Cuts in Strategic Move
**Lead:** Sainsbury's announces cuts following 'Next Level' strategic update, impacting employees across the board. **Who:** Sainsbury's **What:** Announces cuts...
Hermes Reports 16% Revenue Growth to €3.3bn Amidst Global Uncertainty
In the third quarter ending September 30th, 2023, luxury brand Hermes recorded a 16% increase in revenues to €3.3bn...
Frasers Group Boosts Stake in Currys to 11.1%
Mike Ashley's Frasers Group has increased its stake in Curry's to 11.1%, following a recent 10.4% increase. The group...
Cotton Traders Celebrates Record-Breaking Financial Year
Cotton Traders, a fashion retailer, has experienced its best financial year ever with a 10.6% increase in turnover reaching...