Tesco issues another profit warning

UK supermarket Tesco has cut its dividend by 75 per cent and issued another profit warning, blaming the high cost of investment and challenging trade.

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French Connection launches first "convenience store" in London

UK fashion retailer French connection has plans to open its first “convenience store” next week in London.

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Harvey Norman reports first profit in three years

Harvey Norman has reported its first profit increase for three years as the housing market helped buoy sales of furniture and appliances and lifted net profit by 48.9 per cent to USD 211.7 million.

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Profit boost for Woolworths

Australian retailer Woolworths reported an 8.5 per cent rise in full-year net profit on Friday, which was aided by growth in its food and drinks sector – despite the home improvement sector struggling.

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Hermes predict drop in operating margin this year

Luxury French retailer Hermes reported on Friday that they would be victim to a drop in operating margin this year, due to the manner in which the foreign exchange rates have hit profitability.

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Chinese e-commerce giants team up to take on Alibaba

Some of the largest Chinese e-commerce companies are joining forces to take on the country’s top internet retailer: Alibaba.

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Fall in sales at Abercrombie & Fitch

Shares at fashion retailer Abercrombie & Fitch dropped yesterday, after the brand reported its 10th straight decline in quarterly like-for-like sales

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Michael Kors opens store in Lebanon

US fashion label Michael Kors held a launch party on Tuesday in honour of the opening of its first store in Lebanon.

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New IKEA opens in South Florida

Swedish retailer IKEA opened their first store in Miami-Dade County at 9am on Wednesday, with several thousand people queieing for entry.

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Home Depot names new CEO

Home Depot have named company executive Craig Menear as its new CEO, and he is to begin the role on November 1st.

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