Tesco Plc unexpectedly slashed its dividend and reduced investment as the largest U.K. retailer was squeezed between German discount chains and upscale stores such as Waitrose, driving the stock to the lowest in almost 11 years.
Alibaba reported big growth in revenue from mobile devices, which may bolster its case next month when the Chinese e-commerce giant begins to pitch investors on its long-awaited initial public offering.
(Reuters) - Macy's Inc cut its full-year same-store sales forecast, after second-quarter sales failed to make up for weakness in the first quarter when harsh winter weather kept shoppers away.Macy's earnings
The 2014 Brand Keys Back-to-School report card is in: households with school-aged children (pre-school through 12th grade) plan on spending more – an increase of 9%, and an average spend of $655.00. That’s according to 8,300 families with interviews collected by telephone and central location intercept, to account for the [...]
Paris may be known as the most romantic city in the world, but it’s also the most expensive place to buy a club sandwich — making it the priciest travel destination on the globe. That’s the conclusion of online accommodation booking site Hotels.com which surveyed 750 hotels in three to five star categories across 26 …
Tesco Plc had its worst sales decline in two decades, Kantar Worldpanel data showed today, a week after Britain’s largest supermarket company said it will replace Chief Executive Officer Philip Clarke.
Hiring Unilever exec Dave Lewis to replace Phil Clarke as CEO shows necessary decisiveness. A profit alert highlights the urgency of the situation. The UK grocer needs radical reinvention. The structure could be simplified, and braver tactics in the UK price war may be required.
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