Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Pop Mart brings Labubu to the dessert table in global bakery push
Pop Mart , the Beijing-based maker of collectible "blind box" toys including the toothy-grinned Labubu, is diversifying its business by opening its first international bakery in S...
Retail & Consumer
Oreo maker Mondelez beats second-quarter estimates on steady demand
Cadbury parent Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, helped by steady demand for biscuits and chocolates in key mark...
Retail & Consumer
Frasers builds stake in Burberry to become third largest shareholder
British retailer Frasers has disclosed a 4.16% exposure in Burberry Group , a regulatory filing from the UK-based luxury brand showed on Tuesday.
Retail & Consumer
Gucci sales decline slows in boost for Kering's turnaround efforts
Sales at Kering's flagship brand Gucci fell less than expected in the second quarter, as strong U.S. demand for its new handbags partly offset weaker spending elsewhere, suggestin...
Retail & Consumer
Apple briefly becomes second company ever to notch $5 trillion market value
Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after Nvidia .
Retail & Consumer
Destroyed Aeon mall had just reopened for 'fresh start' a decade on from deadly quake
The Aeon mall destroyed in a post-quake explosion in southern Japan on Tuesday had just reopened last month as a new and improved shopping and entertainment complex to commemorate...
Retail & Consumer
Skippy peanut butter maker Hormel Foods names insider John Ghingo as CEO
Hormel Foods on Tuesday named insider and industry veteran John Ghingo as CEO, as the Skippy peanut-butter maker looks to drive growth and modernize operations amid a challenging...
Retail & Consumer
Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
Amazon.com is revamping its AI strategy, winding down many of its in-house AI models and sharpening focus on a new frontier-model effort, Business Insider reported on Tuesday citi...
Retail & Consumer
Yum CEO faces first big test as Taco Bell outbreak clouds earnings
Yum Brands earnings on Thursday will offer the clearest view yet of whether a growing cyclospora outbreak linked to Taco Bell has hit sales at the fast-food chain's growth driver.
Retail & Consumer
LVMH fails to reassure on luxury recovery, shares fall
Shares in LVMH slipped 1.5% on Tuesday after the French luxury giant's second-quarter results failed to reassure investors that a broader recovery in luxury demand was firmly unde...
Retail & Consumer
EY, accountant sanctioned over Made.com auditing failures
Britain's accounting watchdog on Tuesday fined auditor EY and one of its partners a combined £1.25 million ($1.66 million) for failing to sufficiently challenge the internal fore...
Retail & Consumer
Keppel surpasses 2026 interim funds target early as FUM tops $77.36 billion
Singapore's Keppel said on Tuesday it has topped its interim target to achieve S$100 billion ($77.36 billion) in funds under management by the end of 2026, after adding to its in...
Retail & Consumer
Unilever lifts outlook on strongest volume growth in over a decade
Unilever delivered its best quarter for volumes in over a decade and upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline, Dove and Cif despite h...
Retail & Consumer
Morning Bid: Chips jolted as momentum shifts in AI
A look at the day ahead in European and global markets from Tom Westbrook
Retail & Consumer
Cadence raises annual forecasts as demand booms for AI chip design
Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.
Retail & Consumer
LVMH sales tick up as US luxury demand offsets hit from Iran war
Sales at luxury giant LVMH edged higher in the second quarter as strong demand from affluent U.S. shoppers helped offset weaker spending in Europe, where tourism has been hit by ...
Retail & Consumer
Apollo Global to invest $1.5 billion in Keppel oil rig fund
Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that will hold six operational oil rigs, the two companies said on Monday.
Retail & Consumer
LVMH's Arnault dismisses reports of family rift
Bernard Arnault, the billionaire chairman of French luxury group LVMH , has dismissed media reports of a bitter succession battle among his five children, insisting in rare public...
Retail & Consumer