Edition:
United Kingdom

Aishwarya Venugopal

Tiffany profit falls short on weak demand in Americas, Hong Kong

05 Dec 2019

Luxury jeweler Tiffany & Co , which is being bought by Louis Vuitton owner LVMH , missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong. | Video

U.S. Cyber Monday sales to hit record $9.2 billion

03 Dec 2019

Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping. | Video

Target sets upbeat holiday sales tone with raised forecast, shares surge

20 Nov 2019

Target Corp signaled a strong start to the holiday season and raised its full-year earnings forecast on Wednesday, betting on its aggressive push into faster delivery and investments in store revamps, sending its shares up 14%. | Video

Gap CEO exiting as forecast cut casts doubt on turnaround

08 Nov 2019

Gap Inc said on Thursday Chief Executive Officer Art Peck will leave the company, a surprise exit in the middle of a restructuring that comes as the apparel retailer slashed its full-year earnings forecast, sending its shares down 7%.

Facing shorter holiday season, U.S. retailers rev up faster delivery, early deals

07 Nov 2019

U.S. retailers are rushing in with faster-than-ever delivery deals and earlier Christmas promotions in hopes of easing the impact of this year's shorter holiday selling season, a period that can be make-or-break for retailers.

Kraft Heinz beats profit estimates, plans to boost marketing; shares surge

31 Oct 2019

Kraft Heinz Co will spend more on marketing for key brands widely thought to have been neglected after reporting on Thursday that lower costs helped it beat third-quarter profit expectations, sending shares up 13% in midday trading.

McDonald's misses profit target as competition delivers breakfast, plant burgers

23 Oct 2019

McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%. | Video

World News

China virus death toll mounts to 25, infections spread

A new coronavirus has killed 25 people in China and infected more than 800, the government said on Friday, as the World Health Organisation declared it an emergency but stopped short of declaring the epidemic of international concern.