ASOS sets £2.5 billion sales target despite fall in profits

The boss and founder of ASOS was defiant in the face of a 14 per cent fall in profit as he set an ambitious target for £2.5 billion in sales.

Burberry sees revenues rise despite 'difficult' environment

Burberry, the UK luxury fashion brand, has reported a 7% rise in revenue for the first half of the year despite what it described as a "difficult external environment".

UK retail sales boosted by vacuum cleaner sales

UK retail sales rose by 0.4% during August, helped by shoppers looking to snap up high-powered vacuum cleaners ahead of an EU ban on the products.

Sainsbury's cuts its sales forecast

Sainsbury's has cut its full-year sales forecast after warning that customers are likely to "spend cautiously" in the first few months of 2014.

Sainsbury's reports 9% rise in half-year profits

Sainsbury's has reported a half-year pre-tax profit of £433m, up 9.1% from the same period in 2012. The supermarket giant said the results were "strong" considering the "tough trading environment".

Siemens splashes out on buyback as new CEO works on strategy

BERLIN: Siemens' new Chief Executive Joe Kaeser promised on Thursday to buy back up to 4 billion euros ($5.4 billion) worth of shares while asking investors for patience as he works out a strategy by May to close a gap with more profitable rivals.

Sweet dreams for Boeing investors

The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.

Nestle sees slowing sales growth in price-conscious Europe

Nestle, the world's biggest consumer food group, says sales and profits are being held back by weak demand in Europe.

Smartphone sales down to 8-9% in April-June triggered by rupee fall, consumer fatigue

KOLKATA: The booming Indian smartphone market seems to be losing steam as sales growth tapered down in the April-June quarter despite the launch of several new models and buyback and EMI schemes.

Sainsbury's outperforms Tesco as sales growth continues

Sainbury's has reported steady growth in sales during the first quarter of 2013, as the grocer continues to outperform rival Tesco.

US companies offset weak sales growth with fat margins

After four years of belt-tightening, American companies are good at squeezing more profit out of every dollar of sales - a skill that chief executives regard as critical in the face of an uncertain economy.

Wal-Mart sales slow as customers feel the pinch

Sales growth at Wal-Mart has fallen short of market expectations, with the world's biggest retailer saying customers are feeling the pinch.