Large UK retailers including Tesco, Boots, Marks & Spencer and Next have written to Rachel Reeves to say that a £7 billion increase in annual …
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Nordstrom Q2 Revenue Rises on Boost From Sales Event, Shares Surge
Nordstrom reported a better-than-expected growth in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures, sending …
Rabanne Owner Puig Rises in Spanish Debut After €2.6 Billion IPO
The stock opened up 4.1% at €25.50 from the IPO price of €24.50. The Barcelona-based firm and its shareholders sold 106.5 million shares at the …
Tod’s Rises 17% On L Catterton Bid to Help Owner’s Delisting Plan
Shares in Tod’s rose 17.4 percent on Monday, after private equity firm L Catterton offered to buy 36 percent of the luxury shoemaker and take …
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
Macy’s Inc. reported third-quarter profit that beat expectations thanks to better inventory management, though same-store sales fell for a third straight quarter. The results underscore …
Kohl’s Rises on Profit Beat as CEO’s Fixes Start to Pay Off
Kohl’s Corp. soared after it reported a surprise profit and reduced its stockpile of merchandise in the first quarter — early signs that the new …
Frasers Defies Retail Gloom as Profit Rises
British sportswear and clothing retailer Frasers stuck to its financial guidance for 2022-23 after reporting a 39 percent rise in first-half profit that reflected the …
Arezzo & Co’s Net Revenue Rises 81% in 2021 on Physical Retail Acceleration
The Brazil-based footwear and accessories conglomerate registered full year 2021 adjusted net revenue of 2.93 billion Brazilian reais (approximately $575.7 million), up 81.3 percent year-on-year. …