Tag: Retail – Consumer Staples

B&M European Value Retail SA shares fell after cutting its outlook for the second time in two months as economic uncertainty and exchange rate volatility bite. 

Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company’s chief financial officer, effective April 3.

Τοποθέτηση της ιδιοπαραγόμενης σειράς αντηλιακών στο μεγάλο αμερικανικό δίκτυο πέτυχε ο όμιλος. Η τάση στις εξαγωγές. Νέες επενδύσεις στα Οινόφυτα και στη Stella Pack στην Πολωνία.

Marks and Spencer is braced for an annual hit of £40mn from sustainability taxes, laying bare the mounting costs UK retailers face beyond those arising from Labour’s October Budget. 

Peloton told investors Thursday it still has a “steep hill to climb” to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco.

Walgreens Boots Alliance will suspend its quarterly dividend, citing its need for cash amid ongoing litigation and turnaround efforts.

Target raised its holiday-quarter comparable sales forecast on Thursday, buoyed by robust shopper demand for clothing, toys and beauty products during November and December.

J Sainsbury reported sales volume growth for the key Christmas period and said it expects to deliver retail operating profit for its fiscal year in line with market consensus.

Walgreens Boots Alliance Inc.’s stock jumped 10% early Friday after the troubled drugstore chain posted another loss but blew past estimates on an adjusted basis and said it would continue to work on a turnaround.

Apollo Global Management is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan’s Seven & i Holdings, Bloomberg News said on Friday, citing several people with knowledge of the matter.

Seven & i Holdings reported a drop in quarterly net profit but promised to complete restructuring and seek further growth globally as it faced a takeover offer from the Canadian owner of Circle K.

Tesco reiterated its profit target for its fiscal year after reporting sales growth during the Christmas period. The U.K. supermarket chain on Thursday said it continues to expect retail adjusted operating profit—its preferred metric, which strips out exceptional and other one-off items—in the fiscal year ending in February of around 2.9 billion pounds ($3.59 billion). However, the guidance comes below the market expectations of £3.07 billion, according to a company poll of 13 analysts.

Retail giant Marks and Spencer (M&S) on Thursday announced that its 13-week group sales during Christmas trading increased 5.6% from the previous year to £4.06 billion ($4.9 billion) with growth in Britain and the Republic of Ireland.

Albertsons Cos. Inc.’s stock rose 3.6% early Wednesday, after the grocery chain beat profit estimates for its fiscal third quarter, offsetting a small revenue miss.

CEO says pharmacy business is retailer’s ‘biggest tailwind’ amid ‘a lot of disruption’ in that industry

A federal district court judge in Oregon has issued a preliminary injunction blocking Kroger’s planned acquisition of Alberstons, in a deal valued at more than $24 billion. The suit was brought by the Federal Trade Commission, eight states, and the District of Columbia.

Costco Wholesale saw revenue growth slow again in November. This time, the company said it was because Thanksgiving and Black Friday fell later in the month than in past years.

Major American retailers Walmart and Lowe’s raised concerns that President-elect Donald Trump’s proposed tariffs would make their products more expensive, just as consumers are beginning to recover from the impacts of inflation.

Target shares plunged on Wednesday after one of America’s biggest retailers forecast disappointing sales for the key holiday season.

Lowe’s beat Wall Street’s quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales.