Italy’s MPS commits to disposals as it works to secure investors

EU publishes decision on new deadline, turnaround goals MPS says plan progressing on schedule Aims to clinch deal with cash call investors this week – sources MILAN, Oct 3 (Reuters) – New restructuring commitments agreed by Italy and the European Union over state-owned bank Monte dei Paschi di Siena (MPS) (BMPS.MI) include disposals worth up … Read more

Bed, Bath & Beyond investors watching merchandise mix during sales slump

NEW YORK, NY, Sept 28 (Reuters) – Bed Bath & Beyond (BBBY.O) investors will be closely watching the home goods retailer’s second quarter earnings on Thursday for clues as to how customers are responding to its merchandise overhaul. The holiday season will be Bed Bath & Beyond’s “make-or-break moment” to show shoppers that its new … Read more

Britain’s Kingfisher first-half profit falls 30%, big-ticket sales ‘resilient’

General view of a B&Q DIY store, as the spread of the coronavirus disease (COVID-19) continues, in Chiswick, London, Britain, April 23, 2020. REUTERS/John Sibley/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 20 (Reuters) – British home improvement retailer Kingfisher (KGF.L) reported a 29.5% fall in first-half underlying profit but … Read more

H&M’s June-August sales lag expectations

The H&M clothing store is seen in Times Square in Manhattan, New York, US, November 15, 2019. REUTERS/Mike Segar/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, Sept 15 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported on Thursday a smaller rise than expected in June-August … Read more

US holiday sales growth likely to slow as inflation hits shoppers, report says

Register now for FREE unlimited access to Reuters.com Register Sept 12 (Reuters) – US sales growth is expected to slow this holiday season as consumers facing decades-high inflation cut back on discretionary spending, according to the Mastercard (MA.N) SpendingPulse report released on Tuesday. No longer able to bank on pandemic relief aid, budget-conscious consumers are … Read more

Quick-thinking online sellers see royal memorabilia sales soar

View of LulaandGray’s wooden Queen Elizabeth tokens displayed in Macclesfield, Britain in this undated handout image. Courtesy of Laura Sheldon/Handout via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, Sept 12 (Reuters) – Laura Sheldon, 36, co-owner of the LulaandGray store on Etsy.com, had a busy weekend, fulfilling dozens of orders for … Read more

Brazil orders Apple to suspend iPhone sales without charger

A customer holds the new green color Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in Manhattan in New York City, New York, US, March 18, 2022. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Sept 6 (Reuters) – Brazil’s government … Read more

Self-driving tech firm Aurora mulls sale to Apple or Microsoft – Bloomberg News

A Peterbilt 579 truck equipped with Aurora’s self-driving system is seen at the company’s terminal in Palmer, south of Dallas, Texas, US September 23, 2021. Picture taken September 23, 2021. REUTERS/Tina Bellon Register now for FREE unlimited access to Reuters.com Register Sept 2 (Reuters) – Aurora Innovation Inc (AUR.O) Chief Executive Chris Urmson recently outlined … Read more

Ted Baker’s store revenue gains on recovering footfall, formalwear sales

A Ted Baker store is seen on Regent Street, in London, Britain, April 3, 2022. Picture taken April 3, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register Sept 2 (Reuters) – British fashion group Ted Baker Plc (TED.L) said on Friday people were returning to its high-street stores and buying more … Read more

Best Buy says pricey smartphone sales holding strong ahead of next iPhone launch

Register now for FREE unlimited access to Reuters.com Register Aug 30 (Reuters) – Consumers stung by decades-high inflation are not shifting to cheaper smartphones, Best Buy Co Inc (BBY.N) said on Tuesday, boding well for Apple Inc’s (AAPL.O) upcoming iPhones likely to be unveiled next week. The comments from the largest US consumer electronics retailer … Read more