News

Target's latest earnings report was disappointing, causing shares to fall as consumers seem to be losing interest in the retailer.

Dutch non-food discount retailer Action saw sales rise 20.9% to €9.6 billion in the first three quarters of the year, with growth driven by new store openings and new customers.

As clothing and food sales continue to soar, the Marks & Spencer (M&S) in the UK has seen half-year profits soar and fourth consecutive year of market share growth.

Nearly all U.S. adults (92 percent) plan to celebrate a winter holiday, such as Christmas, Hanukkah or Kwanzaa, this year, in line with 2023, according to a new consumer survey conducted by the National Retail Federation (NRF) in conjunction with Prosper Insights & Analytics.

Pre-tax profits at UK gift retailer WHSmith Group rose slightly as travel sales continued to soar.

Kmart, the former discount giant that once operated more than 2,000 stores in the U.S., is closing its one remaining full-size store in the continental United States. The Kmart store, located in Bridgehampton, N.Y., will reportedly close its doors on October 20th.

Leading US home improvement chain Ace Hardware reported second-quarter revenues of $2.7bn, up 3.1 per cent year-on-year from $2.6bn last year. The company noted that increases in outdoor power equipment, tools, lawn and garden and barbecues drove the biggest revenue growth. However, retail revenue fell 0.8 per cent year-on-year to $259 million.

The UK retail market has changed dramatically over the past year.2023 At the beginning of 2023, inflation in the UK was at its highest level for over forty years, but as 2024 progresses there are clear signs that the cost of living situation for shoppers is easing.

The peak season at U.S. West Coast ports is earlier than usual.The Red Sea crisis has led to capacity constraints that have pushed freight rates higher, but why did U.S. importers pick this time to start stocking up?

U.S. discount chain Ross announced Monday that it opened 24 new stores in 17 states in June and July, including 21 Ross stores and three DD's Discount discount stores.