Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Colgate-Palmolive reaffirms annual sales forecast on weak North America demand
Colgate-Palmolive on Friday reaffirmed its annual sales forecast even after posting a quarterly rise as the toothpaste maker continues to grapple with muted demand in North Ameri...
Retail & Consumer
European chemical firms post solid Q2 results but stay cautious on outlook
European chemical companies reporting second-quarter results this week broadly beat market expectations through cost cuts, restructuring and resilient consumer-facing businesses, b...
Retail & Consumer
EU Commission charges Temu for not cooperating in December raid
The European Commission said on Friday that it has charged Chinese online retailer Temu for not cooperating properly during a raid on its European headquarters in Dublin in De...
Retail & Consumer
Amazon jumps as AWS growth soothes fears over rising AI spending
Amazon shares jumped more than 12% before the bell on Friday after the e-commerce and cloud giant posted its strongest cloud growth in over four years, bolstering investor confiden...
Retail & Consumer
Apple slides as supply snags cloud outlook, putting iPhone demand in focus
Apple shares dropped 7.3% before the bell on Friday as the tech giant warned that supply constraints would hurt growth, prompting investors to look beyond near-term shortages to g...
Retail & Consumer
Puma's shares slide as lack of guidance upgrade disappoints
Sportswear maker Puma reported on Friday a narrower-than-expected second-quarter operating loss and confirmed its outlook for the year, as sales continued to fall amid weak demand...
Retail & Consumer
Spain courts Chinese firms but looks to EU for ground rules
As Spanish regions jostle to draw Chinese battery and carmakers to produce on their turf, many of the same players are also pushing Brussels to lock in tough, EU-wide foreign inves...
Retail & Consumer
Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain
Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to delive...
Retail & Consumer
Amazon lifts investment plans after strong cloud sales; shares jump
Amazon delivered its strongest cloud growth in more than four years and raised its annual capital spending forecast, bolstering its argument that heavy investment in AI is generat...
Retail & Consumer
OpenAI cuts prices on smaller models as businesses scrutinize AI spend
OpenAI slashed prices of its low- and mid-tier AI models on Thursday, a move that may intensify competition in the industry as U.S. companies battle cheaper Chinese rivals for cus...
Retail & Consumer
Puig reports first-half revenue growth after Estee Lauder talks end
Spanish beauty company Puig reported first-half revenue growth on Thursday as investors looked for signs the maker of Carolina Herrera perfumes and Charlotte Tilbury makeup can s...
Retail & Consumer
Permira-backed womenswear retailer Reformation valued at $886 million in NYSE debut
Permira-backed womenswear retailer Reformation was valued at $886.1 million after its shares opened flat in their NYSE debut on Thursday.
Retail & Consumer
Ferrari 'very pleased' with orders for Luce EV, CEO says
Ferrari is happy with how customers are responding to its first fully electric car, CEO Benedetto Vigna said on Thursday, after the slew of negative reviews that the model attrac...
Retail & Consumer
Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
Qualcomm shares fell about 5% in premarket trading on Thursday after the chipmaker's warning about higher memory costs and a steeper decline in Apple revenue raised concerns about...
Retail & Consumer
Prada H1 revenue rises on strong Americas demand
Italian luxury group Prada extended its revenue growth in the first half, driven by strong demand in the Americas, although the acquisition of Versace, which the group is working...
Retail & Consumer
Hershey beats quarterly estimates on higher prices, snack demand
Hershey surpassed Wall Street expectations for second-quarter sales and profit on Thursday as higher prices and steady demand for its Reese's chocolates and Dot's Pretzels helped ...
Retail & Consumer
Meta's AI splurge lays bare its compute conundrum
Meta can simultaneously fuel its own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled. The problem is: investors aren't buyi...
Retail & Consumer
Amazon, Walmart AI detect 'made in USA' fraud but do not flag it, study says
Amazon and Walmart AI shopping assistants can often detect when "Made in USA" product labels are false, but the big retailers are not using that technology to crack down on the li...
Retail & Consumer