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July 1, 2022

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H&M profit jumps as shoppers hit stores after pandemic

Reuters
by Reuters00
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register STOCKHOLM, June 29 (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion retailer, reported a forecast-beating 33% increase in March-May profit on Wednesday......
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Marine Serre stretches style traditions at Paris Fashion Week

Reuters
by Reuters01
PARIS, June 25 (Reuters) – French label Marine Serre sent athletes and artists to stroll a track field runway on Saturday evening, showcasing a sport-inspired wardrobe infused with artistic references in an all-ages, open-to-the-public fashion show. Like Olympic opening ceremonies, delegations succeeded one another. First up was a squad of......
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Primark to trial Click & Collect but online delivery still off the agenda

Reuters
by Reuters01
The Primark logo can be seen on windows at Primark’s new Spanish flagship store in Madrid, Spain, October 15, 2015. REUTERS/Andrea Comas Register now for FREE unlimited access to Reuters.com Register To trial Click & Collect on children’s products Primark sales up 81% in third quarter Parent AB Foods’ sales......
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UN rights chief says no to second term amid China trip backlash

Reuters
by Reuters01
UN High Commissioner for Human Rights Michelle Bachelet attends an event at the United Nations in Geneva, Switzerland, November 3, 2021. REUTERS/Denis Balibouse/File Photo Register now for FREE unlimited access to Reuters.com Register Bachelet to leave post after one term Surprise announcement comes after China visit in May Flags Russian......
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U.S. VP touts $3.2 bln investment aimed at stemming Central America migration

Reuters
by Reuters01
LOS ANGELES/WASHINGTON, June 7 (Reuters) – U.S. Vice President Kamala Harris has pooled $3.2 billion in corporate pledges aimed at addressing some of the economic factors driving migration from Central America, her office said on Tuesday, lending impetus to measures to be discussed at the Summit of the Americas this......
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JD Sports, Elite broke law over Rangers FC merchandise pricing, UK watchdog finds

Reuters
by Reuters00
A man walks past a Rangers’ soccer club poster at their Ibrox Stadium in Glasgow, Scotland December 19, 2012. REUTERS/David Moir/ Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – Britain’s biggest sportswear retailer JD Sports (JD.L) and rival Elite Sports broke competition law by fixing......
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Ted Baker says preferred bidder backs out of making takeover offer

Reuters
by Reuters00
People walk past a Ted Baker store on Floral Street, in London, Britain, April 3, 2022. Picture taken April 3, 2022. REUTERS/Peter Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register June 7 (Reuters) – British fashion chain Ted Baker (TED.L) said on Tuesday its preferred bidder will......
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Capri raises profit forecast as shoppers splurge on Versace, Michael Kors

Reuters
by Reuters01
People walk by a Michael Kors store in Lakewood, Colorado June 1, 2016. REUTERS/Rick Wilking Register now for FREE unlimited access to Reuters.com Register June 1 (Reuters) – Capri Holdings Ltd (CPRI.N) raised its profit forecast for the full year on Wednesday, signaling robust demand for its Versace dresses and......
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Fashion industry needs to pick up pace on climate goals, says report

Reuters
by Reuters01
People stand next to the window of a fashion boutique in a shopping district in Tokyo, Japan, May 30, 2016. REUTERS/Thomas Peter/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, May 31 (Reuters) – The 30 largest listed fashion firms must do more to hit Paris climate......
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Britain’s M&S pulls out of Russia and warns on outlook

Reuters
by Reuters01
A woman walks past a Marks & Spencer store at Oxford Street in London, Britain, July 20, 2020. REUTERS/Henry Nicholls/File Photo Register now for FREE unlimited access to Reuters.com Register 2021-22 underlying pretax profit 522.9 mln pounds Made ‘encouraging’ start to 2022-23 But says starting year from lower profit base......
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Factbox: The Great Rebrand: Western business reborn in Russia under new names

Reuters
by Reuters01
May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be decided – the most high-profile rebranding so far of companies extricating themselves from Russia. read more Scores of......
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Wall Street ends mixed, Tesla falls

Reuters
by Reuters00
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ross Stores plunges after cutting 2022 forecast May 20 (Reuters) – Wall Street ended mixed on......
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T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Reuters
by Reuters00
A T.J. Maxx store which is owned by TJX Cos Inc in Pasadena, California U.S., May 15, 2017. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 18 (Reuters) – Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting......
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Wall Street falls on rate hike worries

Reuters
by Reuters01
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 11, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Tapestry jumps after upbeat Q3 results Indexes down: Dow 0.72%, S&P 0.53%, Nasdaq 0.12% May 12 (Reuters) – Wall......
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China COVID hard line eats into everything from Teslas to tacos

Reuters
by Reuters01
SHANGHAI, May 2 (Reuters) – When Tesla’s (TSLA.O) Shanghai plant and other auto factories were shut over the last two months by emergency measures to control China’s biggest COVID-19 outbreak, the burning question was how quickly they could restart to meet surging demand. But with the Shanghai lockdown grinding into......
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Uniqlo operator reports record half-year profit despite China slowdown

Reuters
by Reuters00
People wearing face masks walk past a store of Fast Retailing’s fashion chain Uniqlo in Beijing, China May 22, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register TOKYO, April 14 (Reuters) – Clothing brand Uniqlo’s Japanese owner reported a record half-year profit on Thursday, even as......
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Tesco warns of lower profits as UK inflation squeeze tightens

Reuters
by Reuters00
General view of a Tesco Extra store sign in Bletchley, in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers Register now for FREE unlimited access to Reuters.com Register Profit hits 2021-22 guidance, but now forecast to fall Uncertainty forces Tesco to give wider forecast range Says in ‘great shape’ to......
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Explainer: Why the weak yen lost its lustre for Japan Inc

Reuters
by Reuters00
A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration Register now for FREE unlimited access to Reuters.com Register TOKYO, April 12 (Reuters) – The weak yen was once a cause for celebration for Japanese companies, as they could sell cars and cameras cheaper......
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Britain’s Ted Baker looks to sell itself after takeover interest

Reuters
by Reuters00
People walk by a Ted Baker store in Manhattan, New York City, New York, U.S., March 29, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Ted Baker launches formal sales process Shares rise as much as 11% Group says Sycamore improved takeover proposal April 4 (Reuters)......
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Russia approves ‘parallel imports’ after top brands halt sales

Reuters
by Reuters00
March 30 (Reuters) – Russia has authorised retailers to import products from abroad without the trademark owner’s permission, Prime Minister Mikhail Mishustin said on Wednesday, after global brands halted sales or stopped exports over Moscow’s military campaign in Ukraine. Russia’s retail sector has been upended by Western economic sanctions and......
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