Inflation Slows Down, But Risks Loom Amid Global Uncertainties
In a recent report by the British Retail Consortium (BRC), shop price inflation dropped to 7.6% in July from...
Ukraine
Uniqlo Exits Russia Amid Ongoing Conflict
Japanese retailer Uniqlo has officially announced its exit from Russia, following a suspension of operations last year due to...
H&M Reports 12% Net Sales Growth in FY22 Amid Challenging External Factors
H&M's net sales soared 12% to SEK 223bn (£176bn) in FY22, with a 6% increase in local currencies, excluding...
H&M Reports 12% Increase in Full-Year Sales to £17.7bn
H&M's provisional sales soar 12% to £17.7bn, beating expectations with a 15% increase excluding Russia and Belarus; fourth-quarter net...
Inflation Surges to 41-Year High Amid Rising Energy and Food Costs
In a shocking turn of events, inflation has skyrocketed to a 41-year high of 11.1% in October, as reported...
Nike Exits Russia Amid New Laws Targeting Foreign Assets
Nike announces full withdrawal from Russia, joining other major Western brands like Google, Starbucks, and McDonald's in leaving the...
Ikea Sells Russian Factories, Scales Down Operations Amidst Ongoing Conflict
Ikea announces plans to sell its factories in Russia and scale down business operations in the country, following the...
Inditex Group Reports 80% Profit Surge Amid Strong Recovery and Sustainable Initiatives
Inditex Group reports a massive 80% increase in profits to €760m ($824m) during Q1, thanks to strong store traffic...
Nike Considers Permanent Exit from Russia After Non-Renewal of Franchise Deal
Nike is reportedly planning to leave Russia permanently after not renewing its franchise agreement with Inventive Retail Group (IRG),...
Sainsbury’s Profits Hit by External Factors and Supply Chain Issues
Sainsbury's warns of lower profits due to external pressures impacting consumer incomes; expects underlying profit between £630m-£690m for 2022/23....