Luxottica and Essilor have not offered any concessions to allay EU antitrust regulators’ concerns over their proposed 46-billion-euro merger, increasing the possibility of a lengthy EU investigation into the deal.
Steinhoff’s African subsidiary surged nearly 10 percent on its market debut on Wednesday, as investors looked past its parent company’s legal wrangles in Europe and piled into the continent’s retail powerhouse.
House of Fraser delivered lower sales and wider losses Wednesday but was upbeat and said its womenswear revamp is paying off while lower e-sales were caused by an online re-platform that is now yielding good results.
Major retailers are looking to stimulate anemic sales by hiring thousands of more workers this holiday season to improve customer service and handle the fast-growing use of their stores to fulfill online orders.
Inditex had another good first half and sales so far in H2 look to be strong. While much of the growth was driven by its ongoing expansion programme, a comparable sales rise of 6% is encouraging in the tough environment.
French online retail sales rose 13 percent in the first half, the French E-Commerce Federation said, highlighting the country’s steps towards making France a major hub for fintech and online businesses.