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Trump tells Walmart to 'eat the tariffs' after retailer warned it will raise prices
The ongoing tariffs have prompted major retailers like Walmart to consider price increases, potentially affecting consumer costs and overall market dynamics in the retail sector.
Read Full Article →Trump tells Walmart to ‘eat the tariffs’ instead of raising prices
The president urged Walmart to absorb the increased costs from new import taxes rather than passing these expenses onto consumers through higher retail prices.
Read Full Article →MEC back under Canadian ownership after 5 years of U.S. management
The transition to Canadian investors led by Tim Gu marks a strategic shift that could influence MEC’s financial direction and strengthen its position within the domestic outdoor re...
Read Full Article →Walmart's former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its...
Bill Simon, Walmart's previous U.S. CEO, believes the company has sufficient financial strength to handle increased trade duties and questions the overly negative outlook presented...
Read Full Article →Walmart says it will hike some prices due to tariffs. Here’s what may cost more
Walmart anticipates increased costs for various products, including certain fruits, floral items, and children's playthings, as tariffs impact supply expenses, potentially leading...
Read Full Article →Walmart says higher prices could hit this month due to tariffs
Walmart indicated that increased costs from tariffs, despite recent reductions, may lead to price adjustments this month as the company struggles to fully offset these financial bu...
Read Full Article →Holland & Barrett: Huge losses continue despite sales surge
Despite increased revenue from rising sales, Holland & Barrett has reported substantial pre-tax losses for the second consecutive year, indicating ongoing financial challenges for...
Read Full Article →Walmart will have to raise prices this month due Trump tariffs, executives say
Walmart anticipates increased costs from recently imposed tariffs, leading to higher product prices this month, as the company aims to maintain sales growth despite facing addition...
Read Full Article →Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earning...
Walmart's strong earnings performance contrasts with lower revenue, as the CFO indicated that costs may rise soon due to new tariff-related expenses impacting the company’s financi...
Read Full Article →Walmart warns US-China tariff deal will not avert price rises
Despite growth in first-quarter revenue, Walmart indicates that ongoing trade tensions between the US and China are likely to contribute to higher consumer costs moving forward.
Read Full Article →B&M appoints ex-Tesco executive as new CEO
The appointment of a former Tesco executive as the new leader of the retail group may influence investor confidence and strategic direction, potentially impacting the company’s fin...
Read Full Article →How Steven Bartlett’s first Dragons’ Den investment collapsed
The initial investment made by Steven Bartlett on Dragons’ Den experienced a significant downturn but was later acquired by another company, highlighting the financial challenges a...
Read Full Article →Next sales buoyed by unusually warm spring weather in UK
The retailer’s stronger-than-anticipated revenue performance, driven by favorable seasonal conditions, contributed significantly to its ongoing profitability and exceeded financial...
Read Full Article →Costco managed another month of sales growth in April. But it marks a slowdown from March.
In April, Costco experienced continued sales increases, though at a reduced pace compared to March, prompting investors to closely monitor potential effects of tariffs on the compa...
Read Full Article →Fashion retailer Hugo Boss shares pop 5% on better-than-feared first-quarter sales
Hugo Boss experienced a notable increase in its stock value following the announcement of a smaller sales drop than expected in the first quarter, maintaining confidence in its ann...
Read Full Article →Hudson's Bay backtracks on cutting workers' commission pay, but still won't offer severance
Hudson's Bay reversed its plan to reduce commission earnings for numerous sales staff amid store closures, yet continues to withhold severance compensation from employees who are b...
Read Full Article →Clothing shortages, food waste and millions lost each day: inside the M&S cyber-attack chaos
The cyber-attack on Marks & Spencer has disrupted operations, resulting in substantial financial losses daily, affecting online orders and inventory management across both food and...
Read Full Article →Harrods latest retailer to be hit by cyber attack
The company temporarily limited online connectivity in its locations after experiencing a cyber incident, which could potentially impact its revenue and operational expenses.
Read Full Article →Canadian Tire is bidding on Hudson's Bay assets, according to sources
Canadian Tire has submitted a bid for the assets of Hudson's Bay, with the deadline for interested parties to make their offers having recently passed in connection with a court ca...
Read Full Article →M&S: Police investigate cyber attack as FTSE 100 shares stall
The investigation into the cyber attack on Marks & Spencer has led to operational disruptions, potentially impacting investor confidence and share performance in the FTSE 100.
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