Tesco widens profit outlook amid geopolitical uncertainty
UK supermarket chain Tesco has warned that geopolitical tensions linked to the Middle East conflict are affecting consumer confidence, as…
All articles by Shubhendu Vimal
Shubhendu Vimal
-
-
Dunelm Q3 sales rise 2.1% as outlook weakens
UK homeware retailer Dunelm Group posted third-quarter (Q3) sales growth of 2.1% to £471.6m ($639m), but said demand softened during…
-
Hermès Q1 revenue rises at constant rates, hit by currencies
Hermès has posted first-quarter 2026 revenue of €4.07bn ($4.80bn), up 6% at constant exchange rates but down 1% on a…
-
Home Depot acquires SIMPL to expand supply chain automation
The Home Depot has acquired Massachusetts-based automation and technology systems business SIMPL Automation, as the US home improvement retailer moves…
-
Morrisons puts head office roles at risk amid AI and automation drive
UK-based Morrisons has placed several head office roles at risk of redundancy as part of a wider restructuring programme focused…
-
Waitrose expands stores and refurbishments under £1bn plan
Waitrose & Partners is expanding its UK bricks-and-mortar estate through new shops, more franchise sites and a refurbishment drive under…
-
Walmart launches Upstream Facility Services to offer maintenance services nationwide
Walmart has created a new business unit, Upstream Facility Services, to provide maintenance and facilities support to companies across the…
-
Kering reports Q1 sales decline as Gucci weighs on performance
French luxury group Kering reported a drop in first-quarter sales for 2026, while pointing to signs of gradual improvement ahead…
-
Instacart acquires Instaleap to expand enterprise platform overseas
Instacart has acquired fulfilment and enablement solutions platform Instaleap to extend its enterprise retail technology offering across Europe, Latin America…
-
Iran tensions drag down UAE luxury retail sales – report
Luxury goods sales across the United Arab Emirates (UAE) have dropped sharply amid regional instability stemming from the Iran conflict,…