Retail DECODED
Latest edition: 15 May 2024
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Spotlight
The Home Depot reports 7% decline in net earnings in Q1 FY 2024
The retailer’s sales totalled $36.41bn in Q1 FY 2024, a decline of 2.3% from $37.25bn in Q1 FY 2023.
Latest news
TDR Capital in advanced talks to acquire Acqua & Sapone
Acqua & Sapone offers household and cosmetic products through 800 stores across Italy.
Asda unveils plans for major redevelopment in London
The supermarket is planning to be the anchor tenant of a new mixed-use development.
Miniso targets 600 new overseas stores in 2024
Miniso saw its revenue grow by 26% to 13.72bn yuan in the quarter ended 31 March 2024.
P&G targets Olympic and Paralympic Games for retail opportunities
More than 30 P&G household and personal care brands plan to launch Olympic and Paralympic Games-inspired campaigns.
Loqate provides address verification solution for Shopify Plus
With this integration, Shopify Plus merchants can accurately capture and verify global addresses during the e-commerce checkout process.
Nadhim Zahawi appointed as non-executive chair of The Very Group
The appointment follows Zahawi's announcement that he will step down as an MP at the UK's next general election.
Tractor Supply opens new distribution centre in Arkansas, US
The facility will serve 250 stores across the Southeast, Midwest and Texas.
In our previous edition
Retail Decoded
WHSmith unveils 17 locations for Toys R Us shop-in-shops in UK
14 May 2024
Retail Decoded
Tapestry net income drops to $139m in Q3 FY24
13 May 2024
Retail Decoded
Shopify Q1 beats estimates but Q2 forecast raises concerns
10 May 2024
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