Profit: latest retail news and insights | ESM Magazine

Target Cuts Annual Forecasts As Americans Hold Back On Non-Essential Spending

Target has lowered its full-year sales and profit expectations and forecast a dour third quarter, in another sign that Americans, squeezed by inflation, ar...

Price Drop Fears Put Brakes On European Grocers' Rally

European grocers could exceed market expectations for earnings growth this year as they keep prices high even as costs fall, but the spectre of declining i...

Britain's Tesco Expects Flat Profit In FY 2023-24

Britain's biggest retailer Tesco has forecast flat profit in its new financial year as it reported a 6.3% fall for 2022-23, hurt by not passing on to consu...

Dollar General Misses Quarterly Estimates As Discretionary Spending Wanes

Dollar General missed market estimates for quarterly same-store sales as Americans curtailed discretionary spending amid stubbornly high inflation, and win...

Target Fends Off Holiday Gloom With Discounts, Warns On 2023 Earnings

Target Corp posted a surprise rise in holiday-quarter sales on Tuesday, buoyed by an increase in store traffic from discount-hungry Americans, even as it j...

Axfood Posts Retail Sales Growth Of 11.9% In FY 2022

Axfood said that it grew more than twice as much as the market in the fourth quarter and full year 2022, strengthening its market position.

Walmart To Raise Wages For US Hourly Workers

Walmart Inc will raise the average hourly wage for its US workers next month to more than $17.50.

Alibaba Quarterly Revenue Misses Expectations As Spending Slows

Chinese e-commerce giant Alibaba Group Holding Ltd has posted a smaller-than-expected rise in quarterly revenue as COVID-19 curbs and a worsening economic...