Tag: sees

Greggs sees ‘encouraging’ sales recovery

Image copyright Getty Images Bakery chain Greggs has said its sales have recovered to “encouraging” levels since it reopened shops in the wake of the coronavirus lockdown. It said sales were running at 72% of 2019’s level, with all but a handful of its 2,025 outlets now trading again. Although many people are still away from their workplaces, chief executive… Read more →

B&Q owner sees sales soar in lockdown DIY boom

Image copyright Getty Images Sales of paint, wallpaper, plants and compost have soared during lockdown, the owner of B&Q and Screwfix has said. Kingfisher said people had been doing more DIY than usual, as like-for-like sales jumped by 21.6% in the three months to 18 July. Store re-openings also boosted revenue, while online sales more than tripled. Kingfisher’s UK stores,… Read more →

Ubisoft: Sexual misconduct probe sees three senior heads resign

Image copyright Getty Images Image caption Ubisoft’s major presence at E3 2019 Three senior executives at game-maker Ubisoft have stepped down amid an investigation into sexual misconduct. The French company’s chief creative officer, Canadian studios head, and global HR chief had all left their roles, Ubisoft said. Ubisoft is a major player in the games industry, best known for the… Read more →

Sainsbury’s sees online sales soar during lockdown

Image copyright Getty Images The rapid roll-out of more online shopping capacity has helped Sainsbury’s to report soaring sales over the lockdown period. Online sales have more than doubled compared with last year as consumers shopped and ate at home. Overall, grocery sales were up 10.5%, including in-store and online shopping, but fuel and clothing sales were lower. The second… Read more →

US unemployment sees surprise improvement in May

Image copyright Getty Images The US labour market improved unexpectedly in May raising hopes that economic damage tied to the pandemic will be less harmful than feared. The unemployment rate fell to 13.3%, down from 14.7% in April, as businesses started hiring again. Firms in the food, construction and health care sectors took on staff. In total, employers added 2.5… Read more →

Coronavirus: Chinese retail giant Alibaba sees ‘recovery’ after virus

Image copyright Getty Images Chinese e-commerce giant Alibaba said it has seen a “steady recovery” in the country since March, but warned that the path to an economic rebound remains uncertain. The firm’s sales grew 22% in the three months to 31 March, despite virus-related restrictions denting activity. The gain was stronger than expected, driven by demand for groceries, electronics… Read more →