
French hypermarket chain Carrefour is on track to open its first store in Moscow in May, a long-awaited move by the world's No.2 food retailer into Russia, real estate sources told Reuters.
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French hypermarket chain Carrefour is on track to open its first store in Moscow in May, a long-awaited move by the world's No.2 food retailer into Russia, real estate sources told Reuters.
Associated British Foods Plc said on Thursday that its Primark retail chain's like-for-like sales rose about 4 percent in its first-quarter over Christmas as trading beat its own expectations despite the economic slow...
Europe's shoppers are focusing on cheaper goods and essentials, despite policymakers' best efforts to boost spending, resulting in the best ever Christmas for British supermarket group J. Sainsbury, but hitting specia...
Retailer Marks & Spencer said on Wednesday it was cutting 1,230 jobs after a sharp fall in sales, and job losses in the financial sector added to pressure on the Bank of England to cut interest rates to a record low.
A string of retailers eased fears of a collapse in consumer spending over Christmas on Tuesday but warned rising unemployment and plunging house prices would blight trading for months to come.
Mosaic, the owner of the Karen Millen, Oasis and Principles fashion brands, is to begin talks with its lenders, further evidence of the gloom on Britain's shopping streets, the Sunday Times reported.
John Lewis, the employee-owned group seen as a barometer of retail spending, said on Friday sales surged at both its department stores and upmarket grocery chain in the days before and after Christmas.
Two of the biggest names on high street, DSG and Marks & Spencer, are tipped to be among the most vulnerable retailers this Christmas as stores begin the battle for the consumer purse.
Marks & Spencer and Debenhams, two of the country's biggest retailers, will this week hold pre-Christmas sales to stimulate trade after a tough October.
Swedish fashion group Hennes & Mauritz posted a shallower-than-expected fall in October underlying sales on Monday, raising hopes its focus on low-cost clothing would shield it from a consumer downturn.