Kroger forecasts upbeat 2020 as consumers prefer to eat at home

U.S. supermarket chain Kroger Co KR.N on Friday forecast full-year same-store sales and profit above Wall Street expectations, as consumers eat more at home with offices closed and schools shifting classes online due to the COVID-19 pandemic. Shoppers have been ordering everything from fresh vegetables and canned soups online since the outbreak, driving a 127% […]

Continue Reading

Analysis: Life without LVMH? How Tiffany might fare without the luxury giant

NEW YORK/MILAN/PARIS – LVMH, the world’s biggest luxury group, has called off its $16-billion engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself. The jilted bride thinks so, too. On Wednesday, after news that LVMH would not proceed with its takeover deal, Tiffany Chief Executive Alessandro […]

Continue Reading