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Retail DECODED

Latest edition: 30 May 2024
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Spotlight

Labour's supermarket sweep leaves Tories with only Waitrose

In the run-up to the UK's 2024 General Election, GlobalData has surveyed shoppers’ voting intentions by their primary supermarket.

Latest news

Amazon faces FTC lawsuit over allegedly deceptive Prime practices

The lawsuit adds to another separate antitrust lawsuit by the FTC against the company.

CBI survey indicates UK retail sales recovery in May2024

UK retail sales volumes witnessed a modest growth of 8% in May 2024 from a 44% decline in April, according to the Confederation of British Industry (CBI) Distributive Trades Survey.

DICK'S Sporting Goods reports 10% drop in net income in Q1 FY24

The retailer’s net sales grew by 6.2% to $3.01bn over the quarter.

Dollar Tree gains designation rights for 170 leases of 99 Cents Only Stores

The deal also includes North American intellectual property and select on-site furniture, equipment and fixtures.

Pepkor reports 9.5% revenue increase in H1 FY24

South African retail operator Pepkor has registered a 9.5% increase in group revenue for the first half (H1) of the fiscal year 2024 (FY24), reaching R43.26bn ($2.35bn) compared with the R39.52bn reported in the same period of fiscal 2023.

Hungary becomes Primark's 17th market globally

International value fashion retailer Primark has entered the Hungarian market with its first store in the country’s capital, Budapest.

Nike v adidas stripes dispute sees partial Nike victory in Germany

Nike contended that adidas' claims over the three-stripe design are excessively restrictive.

Retailers looking for ways to win in secondhand market

Bungang Market, a popular second-hand trading app, has finished attracting a total of KRW 82 billion in investment.

Read Press Release

: group aims to increase sales revenue in mid to high single-digit percentage range with an underlying profit margin of slightly more than 30 percent Rapid reduction of leverage through strong operating cash flow planned; acceleration through additional capital measures remains an option Investment program focused on innovation, customer proximity, resilience, and sustainability in execution Medium-term ambition through to 2028: average annual increase in sales revenue of more than 10 percent expected; profit margin to increase to around 34 percent by 2028 Uncertainties remain high due to the global political and economic situation The life science group Sartorius expects a return to profitable growth in 2024 and a dynamic business development for the five-year period through to 2028.