Tag Archives: retail

Business Top 5: Future Retail surges 4%, midcaps regain lost ground

Future Retail’s subsidiary, SHME Food Brands, will open new stores and convert existing locations to the 7-Eleven brand, starting this year File Photo Future Retail’s shares surged as much as 4.3% as the company signed a master franchise agreement with US-based 7-Eleven to set up and manage the latter’s stores in India. Future Retail’s subsidiary, SHME Food Brands,… Read More »

UK retail sales rebound as shoppers flock to January sales – business live

Time for a quick summary of the corporate news doing the rounds today: RBS said Brexit uncertainty has “gone on far too long”, as the bailed out bank reported a doubling of profits in 2018 and fresh dividend payouts that will hand the government £1bn Premier Foods has abandoned plans to sell-off Ambrosia, its custard and rice pudding brand, blaming the current business… Read More »

Moto Hub Exclusive Offline Retail Stores Opened in Delhi-NCR, Mumbai

With the competition among the top smartphone manufacturers continuing to be fought in the offline retail market, Lenovo’s Motorola on Thursday opened six Moto Hub brand exclusive retail stores in Delhi-NCR and Mumbai and plans to open 50 more across top tier towns by the end of this year. The first Moto Hub stores were officially opened at… Read More »

Retail sales fall unexpectedly in January

Retail sales slipped back unexpectedly in January, following on from December’s dip. Official figures, from the Office for National Statistics (ONS), showed retail sales volumes dropped by 0.3% compared with the previous month, well below the 0.9% rise expected. The ONS said the data indicated the first signs of a fall in the underlying trend since December 2013.… Read More »

Standard Chartered’s Thai unit to transfer retail banking business to TISCO

The Thai unit of Standard Chartered (STAN.L) has agreed to transfer its retail banking business to TISCO Bank PCL and All-Ways Company, as the UK lender’s Chief Executive Bill Winters continues with restructuring to boost earnings. Standard Chartered announced in November 2015 that it would take a series of restructuring actions to improve returns, including to divest businesses… Read More »

Brexit latest: Retail sales growth slows in November

Growth in retail sales, a key leading indicator of GDP momentum, slowed in November. The Office for National Statistics reported that sales volumes grew by 0.2 per cent in the month, down from strong growth of 1.8 per cent in October. The annual rate of expansion slowed to 5.9 per cent, down from 7.2 per cent previously. Retail… Read More »

US retail sales see strong growth

Retail sales in the US rose faster than expected in October, helped by strong car sales, figures have shown. The data is the latest evidence that the US economy is growing strongly and adds to speculation that there could be an interest rate rise next month. The Commerce Department said retail sales rose 0.8% in October from the… Read More »

UK retail sales show little sign of post-Brexit vote slowdown

British retail sales softened only slightly in August after a bumper July, suggesting June’s vote to leave the EU has had little impact on shoppers’ willingness to spend, official figures showed on Thursday. Spending by shoppers has been largely robust in the wake of June’s referendum decision to leave the European Union, despite consumer sentiment initially suffering its… Read More »