Retail news

Alibaba’s net income contracts sharply to £367 million in the fourth quarter
22nd May
  • Alibaba’s net income contracts sharply to £367 million in the fourth quarter.
  • The company's gross merchandise volume comes in at to £820 billion.
  • The Chinese technology company reports £13.16 billion in revenue in Q4.

Features & analysis

Latest Retail news

17th May
Tesco finds evidence of abuse against migrant workers in Malaysia and Thailand
16th May
Amazon to send an appropriate executive in place of Jeff Bezos to testify to the U.S Congress
15th May
Apple Inc. acquires California-based virtual reality startup NextVR
15th May
Retail pro overlooks Friday’s ‘really bad’ sales report and predict a rebound in May
14th May
3M reports an 11% decline in sales in April as Coronavirus shuts factories
14th May
WH Smith reports a 3% decline in its pre-tax profit in the first half of fiscal 2020
13th May
Amazon’s warehouses in France to remain closed until May 18th
13th May
Ceconomy reports a 300% increase in online sales as Coronavirus restricts people to their homes
12th May
Land Securities swings to an £840 million annual pre-tax loss in fiscal 2020
11th May
AutoNation’s new vehicle sales tank 10.7% in Q1 due to the Coronavirus restrictions
11th May
Amazon shows interest in acquiring AMC Entertainment
11th May
Under Armour reports 23% lower sales in Q1 as Coronavirus weighs on performance
11th May
Halfords jumps 26% as the government recommends people to cycle to work
7th May
Peloton’s revenue climbs 66% on greater demand for fitness equipment in Q3
6th May
CVS Health posts an upbeat financial report as customers stockpiled ahead of COVID-19
5th May
Wayfair’s net loss widens despite a 20% increase in sales in Q1
5th May
Amazon’s vice president resigns citing disappointment in the company’s decision of firing whistle-blowers
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