Nike to cut 1,400 jobs amid sales slowdown
Nike is eliminating approximately 1,400 positions across its global workforce as the sportswear giant looks to simplify operations during a…
24 Apr 2026
Sainsbury’s profits jump 55% as sales rise
Sainsbury’s has posted a 55.3% increase in profit after tax for the year to 28 February 2026, helped by reduced losses from discontinued financial services activities and reduced restructuring charges.…
24 Apr 2026
SPAR Austria and JET pilot five SPAR Express forecourt stores
SPAR Austria and petrol station operator JET are set to open five SPAR Express shops at forecourt sites across Austria by the end of May. The supermarket chain said the…
24 Apr 2026
ASOS narrows H1 losses as earnings improve
ASOS reported improved H1 earnings and narrower losses, even as sales, customer numbers and GMV continued to decline. For the six months ended 1 March 2026, adjusted earnings before interest,…
24 Apr 2026
UK consumer confidence remains subdued amid ongoing pressures
UK consumer confidence remains deeply negative, with the latest British Retail Consortium (BRC)-Opinium data showing no improvement in economic sentiment despite a modest rise in expected retail spending. The figures,…
23 Apr 2026
EU reviews JD.com’s Ceconomy bid over subsidy concerns – report
European Union competition regulators are reviewing whether JD.com’s proposed $2.5bn acquisition of Ceconomy may have involved foreign state backing. According to a European Commission filing cited by Reuters, the EU…
23 Apr 2026
Carrefour posts first-quarter sales growth, confirms full-year targets
Carrefour reported like-for-like (LFL) sales growth of 2.2% in the first quarter of 2026, helped by stronger trading in France and Spain, while the retailer left its full-year financial guidance…