Thomson Reuters
Retail
Macy’s, Kohl’s outperform J.C. Penney in June
With same-store sales increases of 6.7 per cent and 7.5 per cent respectively, Macy’s and Kohl’s outperformed rival J.C. Penney in June, as J.C. Penney came up short of Wall Street estimates with a slight 2 per cent gain.Macy’s...
Retail
Costco June same-store sales up 14 pct, beat poll
U.S. warehouse club operator Costco Wholesale Corp posted a higher-than-expected 14 per cent rise in June sales at stores open at least a year, helped by higher gasoline prices and strengthening foreign currencies.Net sales at Issaquah, Washington-based Costco rose...
Retail
X5 Retail Group’s Q2 net sales up 26 per cent
X5 Retail Group NV, Russia's largest retailer in terms of sales, has announced its retail sales and operational performance for the second quarter and first half of 2010.For the second quarter, net retail sales grew 26 per cent year-on-year...
Retail
Carrefour profit decline seen bottoming in 2009
French retailer Carrefour is seen reporting a hefty drop in 2009 profits this week after an especially tough year's trading in Europe, but analysts say the worst of the earnings decline is likely to have passed. Carrefour, the world's...
Retail
Reuters ties up with Aadhar
In a recent development, financial news provider, Thomson Reuters, has tied-up with Future Group's Aadhar Retailing Ltd (ARL) to tap India's huge farming community by providing mobile updates on agricultural news and crop advisory. Reuters Market Light (RML) will...
Retail
Wal-Mart revenue dips 1.4%, income at $3.44 bn
Wal-Mart Stores Inc on Thursday reported second-quarter income virtually unchanged from a year ago, but results beat Wall Street expectations. The world's largest retailer also raised the low end of its profit outlook as it benefits from a series...
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Latest News
abCoffee: The grab-and-go Coffee revolution brewing across India
Today, the coffee chain has scaled to more than 70 outlets covering Mumbai, Delhi, Gurugram, Noida, Hyderabad, and BengaluruLaunched...
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