Tag: Retail industry
Bidding war speculation gives UK’s Morrisons shares a boost
LONDON — Shares in British supermarket chain Morrisons spiked by 11% on Monday as investors priced in the possibility of a bidding war for...
Fortress-led group to buy UK’s Morrisons for $8.7 billion
LONDON — Morrisons, the U.K.’s fourth-largest supermarket chain, has accepted a 6.3 billion-pound ($8.7 billion) takeover bid from a group of buyers led by...
Ransomware attack before holiday leaves companies scrambling
Businesses scrambled Saturday to contain a ransomware attack that has paralyzed their computer networks, a situation complicated in the U.S. by offices lightly staffed...
France probes claims that retailers used forced Uyghur labor
PARIS — French prosecutors have opened an investigation into alleged involvement in crimes against humanity based on claims that global retailers, including Uniqlo and...
Gap to close all UK, Ireland stores; shifts business online
LONDON — In another blow to Britain's retail sector, American clothing company Gap said that it will close all of its stores in the...
Walgreens tops fiscal 3Q forecasts as recovery continues
Walgreens earnings surged past Wall Street expectations for the fiscal third quarter, as the drugstore chain continued to rebuild sales hurt by the COVID-19...
Gas prices rise again, no sign of letting up this summer
After a brief dip, gas prices in the U.S. are on the rise again.
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South Africa tightens restrictions to fight resurgent virus
JOHANNESBURG — Battling a fast-increasing surge of COVID-19 cases, South Africa has reintroduced tough restrictions including a ban on alcohol sales and an extended...
As infections soar, Siberian region imposes 2-week lockdown
MOSCOW — Buryatia, a republic in Siberia, on Wednesday became the first Russian region to announce a lockdown because of a surge in coronavirus...
Connecticut governor signs recreational marijuana into law
HARTFORD, Conn. — Gov. Ned Lamont on Tuesday signed a bill making Connecticut the 19th state to legalize recreational use of marijuana, which remains...