Keywords: Retail
Italian luxury group Prada delivered further revenue growth in the first half of 2026, supported by strong demand in the Americas, while the integration of recently acquired fashion house Versace continued to weigh on profitability. The Milan-based company reported first-half net revenues of €3.05......
Europe's banking sector continued its multi-year resurgence on Wednesday as Deutsche Bank, UBS and Standard Chartered all reported second-quarter earnings that exceeded market expectations. The latest results extend a recovery that has driven European bank shares sharply higher since 2024, demonstrating......
British bakery and fast-food chain Greggs says its return to international expansion is off to an encouraging start after opening a new outlet at Tenerife South Airport in Spain's Canary Islands, marking the company's first overseas venture in nearly two decades. The airport store, which began......
Indian food delivery and quick commerce company Swiggy has announced a leadership transition at its rapid delivery platform Instamart, appointing Nandita Sinha as the business's new Chief Executive Officer. Sinha will officially assume the role on August 3, succeeding Amitesh Kumar Jha, who has......
British retailers recorded their weakest sales decline in six months during July, suggesting a modest improvement in consumer activity, although businesses remain concerned about persistent financial pressures, according to the Confederation of British Industry (CBI). The CBI's latest survey indicated......
Fast-fashion retailer Shein has revealed key financial figures ahead of its anticipated initial public offering (IPO) in Hong Kong, marking a significant milestone in the company's long-running effort to enter public markets. According to a draft prospectus filed with the Hong Kong Stock Exchange,......
Penske Corp and Japanese trading group Mitsui & Co. have unveiled a joint proposal to acquire all outstanding shares of Penske Automotive Group, seeking to return one of the world's largest automotive dealership operators to private ownership in a transaction valued at approximately $3.8 billion. The......
Italy will introduce its planned tax on low-value imported parcels in addition to a new European Union customs charge, creating a combined levy on small shipments entering the country from outside the bloc. Economy Minister Giancarlo Giorgetti confirmed the government's approach during a parliamentary......
Marston’s is on course to achieve its medium-term profitability ambitions earlier than expected, as increased customer traffic and targeted investments in sports-oriented venues continue to strengthen the British pub operator's financial performance. The company said its strategy of enhancing......
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