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Michael Kors shares slide 16 percent as European stores struggle
News 4 months ago
Michael Kors shares slide 16 percent as European stores struggle

(Reuters) - Michael Kors (KORS. N) shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue,...

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Ahold Delhaize CEO says robots to speed up U.S. deliveries
News 4 months ago
Ahold Delhaize CEO says robots to speed up U.S. deliveries

Ahold Delhaize CEO says robots to speed up U. S. deliveries AMSTERDAM (Reuters) - Ahold Delhaize’s chief executive on Wednesday confirmed the Dutch...

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Ahold ups stakes in U.S. grocery war with mini-
News 4 months ago
Ahold ups stakes in U.S. grocery war with mini-"robot supermarkets"

Ahold ups stakes in U. S. grocery war with mini-"robot supermarkets" EINDHOVEN, Netherlands/NEW YORK (Reuters) - Grocery group Ahold Delhaize (AD....

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CVS results beat on demand for prescription drugs, beauty products
News 4 months ago
CVS results beat on demand for prescription drugs, beauty products

(Reuters) - CVS Health Corp’s (CVS. N) third-quarter profit beat analysts’ estimates on Tuesday, as it benefited from higher sales of prescription...

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Cracks emerge in global aviation finance boom
News 4 months ago
Cracks emerge in global aviation finance boom

HONG KONG (Reuters) - An unprecedented boom in the $280 billion aircraft finance industry is showing signs of faltering as rising interest rates,...

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Lowe's shuts 51 stores in U.S. and Canada
News 4 months ago
Lowe's shuts 51 stores in U.S. and Canada

Lowe's shuts 51 stores in U. S. and Canada (Reuters) - Home improvement chain Lowe’s Companies Inc (LOW. N) announced the closure of another 51...

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Exclusive: Sears nears bankruptcy financing deal without Lampert's hedge fund - sources
News 4 months ago
Exclusive: Sears nears bankruptcy financing deal without Lampert's hedge fund - sources

(Reuters) - Sears Holdings Corp (SHLDQ. PK) is nearing a deal with new lenders to increase a bankruptcy financing package to as much as $600...

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Lowe's to shut 51 underperforming stores in U.S., Canada
News 4 months ago
Lowe's to shut 51 underperforming stores in U.S., Canada

Lowe's to shut 51 underperforming stores in U. S., Canada FILE PHOTO - Gift cards are shown for sale inside a Lowe's retail store in Carlsbad,...

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Sears, chairman, lenders seek bankruptcy loan breakthrough: sources
News 4 months ago
Sears, chairman, lenders seek bankruptcy loan breakthrough: sources

(Reuters) - Sears Holdings Corp (SHLDQ. PK) is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing...

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Consumer companies try price hikes as U.S. wages climb
News 4 months ago
Consumer companies try price hikes as U.S. wages climb

Consumer companies try price hikes as U. S. wages climb CHICAGO (Reuters) - Consumer goods companies, emboldened by a strong U. S. economy, are...

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Jaguar Land Rover to open technical engineering office in Hungary
News 4 months ago
Jaguar Land Rover to open technical engineering office in Hungary

FILE PHOTO: Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12, 2016. REUTERS/Phil Noble...

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Starbucks same-store sales boosted by U.S., China  rebound; shares soar
News 4 months ago
Starbucks same-store sales boosted by U.S., China rebound; shares soar

(Reuters) - Starbucks Corp (SBUX. O) on Thursday reported a better-than-expected rise in quarterly sales at established stores as it benefited from...

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Musk shakes up SpaceX in race to make satellite launch window: sources
News 4 months ago
Musk shakes up SpaceX in race to make satellite launch window: sources

Musk shakes up SpaceX in race to make satellite launch window: sources SEATTLE/ORLANDO, Fla. (Reuters) - SpaceX Chief Executive Officer Elon Musk...

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Kroger set to place warehouse order with partner Ocado
News 4 months ago
Kroger set to place warehouse order with partner Ocado

LONDON (Reuters) - U. S. supermarket chain Kroger Co is expected to order the first three of 20 high-tech warehouses from online grocer Ocado by...

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Walmart kicks off U.S. holiday season with faster checkout, digital store maps
News 4 months ago
Walmart kicks off U.S. holiday season with faster checkout, digital store maps

Walmart kicks off U. S. holiday season with faster checkout, digital store maps NEW YORK (Reuters) - Walmart Inc said on Tuesday it will offer...

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Sears directors tap Evercore to examine former CEO Lampert's deals: sources
News 4 months ago
Sears directors tap Evercore to examine former CEO Lampert's deals: sources

(Reuters) - Two Sears Holdings Corp SHLDQ. PK board directors have hired investment bank Evercore Inc (EVR.N) to scrutinize deals that were led by...

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Amazon projects holiday season sales below Wall St. targets
News 4 months ago
Amazon projects holiday season sales below Wall St. targets

(Reuters) - Amazon.com Inc (AMZN. O) on Thursday forecast holiday season sales that disappointed Wall Street, attributing what would be its lowest...

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Amazon's holiday season sales outlook misses views; shares sink
News 4 months ago
Amazon's holiday season sales outlook misses views; shares sink

(Reuters) - Amazon.com Inc (AMZN. O) forecast holiday season sales and profit that missed Wall Street targets on Thursday, projecting revenue...

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Saudi Arabia still moving ahead with three major development projects
News 4 months ago
Saudi Arabia still moving ahead with three major development projects

Saudi Arabia still moving ahead with three major development projects DUBAI (Reuters) - Saudi Arabia is still moving ahead with three major...

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ScS Group abandons tie-up with UK's House of Fraser after Ashley buyout
News 4 months ago
ScS Group abandons tie-up with UK's House of Fraser after Ashley buyout

ScS Group abandons tie-up with UK's House of Fraser after Ashley buyout (Reuters) - ScS Group (SCSS. L) said on Thursday it would stop selling its...

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UBS sees wealth management inflows of at least 3 percent by 2021
News 4 months ago
UBS sees wealth management inflows of at least 3 percent by 2021

UBS sees wealth management inflows of at least 3 percent by 2021 ZURICH (Reuters) - UBS Group AG (UBSG. S) aims to grow wealth management profits...

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ScS Group to stop selling via House of Fraser stores by end of January
News 4 months ago
ScS Group to stop selling via House of Fraser stores by end of January

ScS Group to stop selling via House of Fraser stores by end of January (Reuters) - ScS Group Plc (SCSS. L) said on Thursday it would stop selling...

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U.S. new home sales drop to near two-year low in September
News 4 months ago
U.S. new home sales drop to near two-year low in September

U. S. new home sales drop to near two-year low in September WASHINGTON (Reuters) - Sales of new U. S. single-family homes fell to a near two-year...

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U.S. new home sales near two-year low as mortgages rates rise
News 4 months ago
U.S. new home sales near two-year low as mortgages rates rise

U. S. new home sales near two-year low as mortgages rates rise WASHINGTON (Reuters) - Sales of new U. S. single-family homes fell to a near two...

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Target expands delivery, pickup options ahead of U.S. holiday season
News 4 months ago
Target expands delivery, pickup options ahead of U.S. holiday season

NEW YORK (Reuters) - Target Corp, aiming to one-up retail rivals during the upcoming U. S. holiday shopping season, said on Tuesday it was adding...

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Target's two-day holiday shipping option beats Amazon, Walmart
News 4 months ago
Target's two-day holiday shipping option beats Amazon, Walmart

NEW YORK (Reuters) - Target Corp, aiming to one-up retail rivals during the upcoming U. S. holiday shopping season, said on Tuesday it was adding...

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Total to announce retail network in Saudi Arabia with Aramco: Total CEO
News 4 months ago
Total to announce retail network in Saudi Arabia with Aramco: Total CEO

Total to announce retail network in Saudi Arabia with Aramco: Total CEO RIYADH (Reuters) - French oil and gas producer Total MTOTF. PA is set to...

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Hasbro results dented by lingering Toys 'R' Us woes, shares drop
News 5 months ago
Hasbro results dented by lingering Toys 'R' Us woes, shares drop

(Reuters) - Toymaker Hasbro Inc (HAS. O) missed analysts’ expectations for quarterly revenue and profit on Monday, as the demise of major retail...

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Exclusive: Sears chairman Lampert seeks partner for bankruptcy financing - sources
News 5 months ago
Exclusive: Sears chairman Lampert seeks partner for bankruptcy financing - sources

(Reuters) - Sears Holdings Corp (SHLD. O) Chairman Eddie Lampert is in discussions with at least one potential partner to contribute to a $300...

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Product demand helps Procter & Gamble beat profit, sales estimates
News 5 months ago
Product demand helps Procter & Gamble beat profit, sales estimates

(Reuters) - Procter & Gamble Co (PG. N) reported first-quarter profit that beat estimates and sales that unexpectedly rose on Friday, thanks to...

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