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Gap June sales top estimates as traffic improves at Old Navy

  Bloomberg Gap Inc, the biggest US apparel-focused retailer, posted June sales that topped analysts’ estimates, a sign the company’s long-promised turnaround could be taking hold. Total same-store sales, a key benchmark, rose 2 percent in June, the San Francisco-based retailer said in a statement. Analysts had predicted a 3.6 percent decline, according to estimates compiled by Retail Metrics. The ...

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UK retailers experience Brexit chill

  Bloomberg UK retailers had their worst June in a decade as consumers reined in spending ahead of the country’s European Union referendum, according to figures from accounting firm BDO. Sales at stores open at least a year fell 3.6 percent last month, with weekly figures deteriorating progressively, BDO research showed. A separate report from researcher GfK showed UK consumer ...

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Getaways to brighten up your summer

  Relaxnews With the summer getaway just around the corner, Booking.com has given a selection of great destinations for families thinking of heading to Asia and Oceania. Here’s some food for thought for families still in search of the ideal vacation location. The accommodation booking giant has delved into its 91 million user reviews, gauging the opinion of experienced family ...

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