Latest Retail news

8th April
Nordstrom closes Seattle-based headquarters due to Coronavirus pandemic
8th April
Amazon to suspend Amazon Shipping to focus on core delivery operation
8th April
Tesco estimates an up to £925 million hit due to the Coronavirus pandemic
8th April
Levi’s tops analysts’ estimates for earnings and revenue in the first quarter
5th April
Amazon to start Coronavirus testing its warehouse workers
3rd April
Bed, Bath & Beyond to furlough the majority of its retail workforce to cut costs
2nd April
Kroger’s comparable sales climb 30% in March on Coronavirus driven panic buying
1st April
Macy’s to be replaced by Carrier Global Corp in the S&P 500 index
1st April
Carrefour partners with Uber Eats to deliver essential items to Parisians during lockdown
1st April
Amazon partners with LYFT to expand workforce as demand rises for its retail services
30th March
Ted Baker names CFO Rachel Osborne as the new Chief Executive Officer
29th March
Amazon resorts to labor sharing to meet the increased demand in online grocery services
29th March
U.S grocers hire thousands of new workers to sustain operations amidst the Coronavirus crisis
27th March
Lululemon tops analysts’ estimates for earnings and revenue in the fourth quarter
27th March
CEO Mike Ashley extends apology for the poor response of Sports Direct on COVID-19
25th March
Nike tops analysts’ estimate for revenue in the third quarter but falls shy on earnings
22nd March
J.C. Penney withdraws financial guidance and closes its nationwide stores amidst the Coronavirus emergency
21st March
Kohl’s withdraws quarterly and yearly guidance as Coronavirus continues to disrupt business
20th March
Coronavirus pandemic threatens a severe hit to Mark & Spencer’s financial performance
20th March
Walmart to employ 150,000 new workers as Coronavirus fuels panic buying
17th March
H&M and Adidas resort to closing stores to combat Coronavirus
17th March
Nordstrom withdraws 2020 guidance and closes stores in the U.S and Canada to combat Coronavirus
17th March
Amazon to employ 100,000 workers as Coronavirus fuels a surge in online orders
13th March
Gap tops analysts estimates for earnings and sales in the fourth quarter
12th March
WH Smith estimates a £40 million hit to profit as Coronavirus continues to curb travel
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