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United States

James Davey

ASOS warns on profit again after botching warehouse revamps

Jul 18 2019

LONDON British online fashion retailer ASOS warned on profits for the third time since December, saying problems ramping up warehouses in the United States and Germany had restricted product availability, hitting sales and raising costs.

Superdry sees long road to recovery, denies new boardroom rift

Jul 10 2019

LONDON The founder of Superdry warned the revival of the struggling British fashion group would be a long haul after a 130 million pound ($161 million) charge for poorly performing stores pushed it into an annual loss, kicking its shares down. | Video

M&S targets doubling of food business after Ocado deal

Jul 09 2019

LONDON British retailer Marks & Spencer is targeting a doubling of its 6 billion pound ($7.5 billion) food business, driven by its new joint venture with online supermarket Ocado , chairman Archie Norman said on Tuesday.

UK competition regulator puts brake on Amazon's Deliveroo deal

Jul 05 2019

Britain's competition regulator has stepped in to pause Amazon's deal with online food delivery group Deliveroo while it considers launching a full investigation. | Video

'Get your act together': Sainsbury's investors berate board over Asda failure

Jul 04 2019

LONDON Private shareholders in Sainsbury's berated the board of the British supermarket chain at its annual meeting on Thursday over its failed takeover of rival Asda, as well as a share price slump and what it pays its boss.

Asda boss sees possible stock market listing in two to three years

Jul 03 2019

LONDON The timescale for a possible stock market listing of British supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda's boss said on Wednesday.

Sainsbury's sales drop for third straight quarter

Jul 03 2019

LONDON Sainsbury's sales fell for a third straight quarter as demand for clothes and general merchandise cooled, and the British supermarket group warned investors against expecting an upturn any time soon with Brexit looming.

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