Pandemic

Dollar General Forecasts Tepid Sales, Profit As Costs Surge

Dollar General Corp forecast annual sales and profit largely below expectations as the discount retailer battles higher costs triggered by the pandemic.

WTO Hikes Trade Forecasts But Cautions On Pandemic Risk

The World Trade Organisation revised upwards its forecasts for growth of global goods trade this year and in 2022, but warned of a two-track recovery leavi...

More UK Shoppers Prefer Online Shopping Since Pandemic, Study Finds

About 70% of UK shoppers say buying online and on mobile phones have become their preferred shopping methods, up from less than half prior to the coronavir...

Accelerating Innovation Is Key To Meeting Changing Shopper Expectations

What a year it has been for the retail sector. Hit hard by the pandemic, grocers, in particular, pivoted overnight to adjust to changing times. Launchin...

Alibaba Reports First Operating Loss As A Public Company

China's top e-commerce platform Alibaba Group Holding Ltd on Thursday reported its first quarterly operating loss since going public in 2014 due...

Estée Lauder Q3 Sales Hit By Lackluster Demand For Makeup

Estée Lauder Cos Inc missed analysts' estimates for quarterly sales, as weak demand for its luxury foundations and lipsticks offset growth at the co...

Danone Hopes For Profitable Growth In Second Half After Weak Start To 2021

Danone has kept its goal of returning to profitable growth in the second half of 2021 after posting a 3.3% fall in first quarter sales, as COVID-19 lo...

Dollar General Warns Of Dropping Sales As Pandemic Boom Peters Out

Dollar General Corp forecast annual sales and profit below estimates, indicating the roll out of vaccines and a reopening economy would lead to a bigger-th...