British retailer Tesco reported that profit dropped 6.8% in its first fiscal half to $2.06 billion, weighed down by costs associated with its turnaround strategy.
Burberry, Walgreens, Ralph Lauren’s Roger Farrah and Tesco were among the winners at the annual Oracle World Retail Awards, which took place on Tuesday during the annual World Retail Congress in Berlin.
Retailer demand for new locations is up across the board, according to ChainLinks Retail Advisors’ just-released "National Retailer and Restaurant Expansion Guide."