Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Hong Kong June retail sales rise 4.6%, seem support from visitors growth
Hong Kong's retail sales jumped 4.6% in value in June from a year earlier to HK$31.5 billion ($4.02 billion), marking the 14th month of gains, government data showed on Tuesday.
Retail & Consumer
Prestige beauty outpaces high-end bags as China's luxury spending evolves
For Chinese consumers seeking luxury, prestige skincare is trumping designer bags as a prolonged property downturn and weaker confidence make price tags ever more decisive, even fo...
Retail & Consumer
Hugo Boss operating profit falls but tops analyst estimates
German fashion group Hugo Boss reported second-quarter operating profit above expectations on Tuesday, despite subdued consumer demand.
Retail & Consumer
Apple briefly removed Telegram from App Store after sexual abuse content violated guidelines
Apple said on Monday it briefly removed the Telegram messaging app from its App Store after a review found content that violated its guidelines "prohibiting child sexual abuse...
Retail & Consumer
Singapore's Grab lifts 2026 forecasts on solid delivery, ride-hailing demand
Singapore's Grab raised its annual revenue and profit forecasts on Tuesday, banking on promotions and expansion efforts to drive demand for its ride-hailing and delivery services.
Retail & Consumer
Best Buy appoints industry veteran as new CFO
Best Buy on Monday named Anne Bramman as its new CFO, effective August 19, as the consumer electronics retailer undergoes a leadership transition.
Retail & Consumer
Clorox forecasts upbeat annual sales as demand improves
Pine-Sol maker Clorox forecast annual sales above analysts' expectations on Monday, betting on improving demand for its health and wellness segments as well as from international...
Retail & Consumer
Apple launches new legal challenge to UK attempt to access encrypted user data, FT reports
Apple has launched a new legal challenge against the British government's latest attempt to create a so-called backdoor to access encrypted customer data, the Financial Times repo...
Retail & Consumer
Ferragamo grows revenue and returns to black as relaunch strategy advances
Italian luxury brand Ferragamo swung to a net profit for the first half, after growing sales by 4.6% at constant currencies in the second quarter, with turnaround efforts particu...
Retail & Consumer
Beiersdorf says Middle East conflict disrupts Gulf sales, deliveries
Nivea-maker Beiersdorf said conflict in the Middle East is disrupting both sales and deliveries in key Gulf markets, highlighting how geopolitical tensions continue to affect con...
Retail & Consumer
Tyson trims annual profit forecast as tight cattle supplies squeeze beef business
Tyson Foods cut its annual profit forecast on Monday, warning that losses in its beef business would widen as tight cattle supplies keep livestock costs elevated.
Retail & Consumer
Nivea maker Beiersdorf cuts sales guidance for 2026
Beiersdorf trimmed its full-year guidance on Monday, citing a difficult market environment and a slower-than-expected recovery at its core brand Nivea.
Retail & Consumer
India proposes extending tax breaks for contract manufacturing in a boost for Apple
India has proposed extending tax exemptions until 2041 for foreign companies that provide machinery to contract manufacturers, handing a major win to Apple which had lobbied for s...
Retail & Consumer
DeepSeek's new AI model is by far the cheapest of well-known models to run, research firm says
A version of Chinese startup DeepSeek's flagship AI model is by far the least expensive to run on benchmark tests among well-known models globally and more than 100 times cheaper ...
Retail & Consumer
Budweiser-maker AB InBev shareholder E.P.S. to sell 10 million shares in company
Anheuser-Busch InBev's shareholder E.P.S. SA, a holding company representing some of the firm's shareholders, is selling about 10 million shares in the Belgian brewer, accordin...
Retail & Consumer
After decades, Diageo's partnership with Moet Hennessy has lost some fizz
Diageo's decades-old partnership with Moet Hennessy has delivered shrinking returns and at times caused friction, adding to challenges facing new CEO Dave Lewis as he works to rev...
Retail & Consumer
Alibaba unveils its most capable AI model to date, not far behind Moonshot's in size
Chinese tech companies are locked in a fierce and fast-moving battle to build more powerful systems without making them prohibitively expensive to run.
Retail & Consumer
Founder of Russian retailer Wildberries calls Ukrainian attacks 'acts of terrorism'
Ukrainian drone attacks on Russian online retailer Wildberries amount to "acts of terrorism" against civilians, affecting millions of people in Russia and other countries, the com...
Retail & Consumer