NRF reports 7.1% increase in US core retail sales during July
Online and other non-store sales increased 2.7% from June adjusted seasonally and were up by 18.1% unadjusted from a year…
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Target reports 3.5% revenue growth for second quarter of FY22
The company attributed the increase to sales growth of 3.3% and a 14.8% rise in other revenues.
IKEA to liquidate its Russian unit as Ukraine conflict continues
The decision is part of the Swedish retailer’s move to further scale down its operations in Russia.
Walmart posts 8.4% rise in revenue in second quarter of FY23
The multinational retailer reported revenue of $152.9bn, compared with $141bn a year earlier.
Grocery Outlet and DoorDash to offer same-day deliveries in US
DoorDash will offer its delivery service from 398 Grocery Outlet stores across the country.
UK retail footfall down by 14.2% last month from July 2019
Scotland recorded the steepest footfall decline at -16.5% during the month.
Retail vacancy rates in UK down for third consecutive quarter
London, the South East and the East of England recorded the lowest vacancy rates during the three-month period.
Walmart posts 2.4% revenue growth for first quarter of FY23
The retailer expects its consolidated full-year net sales to increase by around 4% on a constant currency basis.