Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
UK retailers report smallest sales drop since January, CBI says
British retailers reported the smallest downturn in sales in six months in July but remained gloomy overall due to continued cost pressures, the Confederation of British Industry ...
Retail & Consumer
Australia's Myer drops 12% as retailer flags sharp slowdown in consumer demand
Australia's Myer said on Monday consumer spending slumped in June and July as economic uncertainty and deteriorating sentiment weighed on discretionary purchases, sending shares ...
Retail & Consumer
US equity funds log outflows for a second straight week as tech earnings eyed
U.S. equity funds recorded outflows for a second consecutive week as caution ahead of earnings reports from major technology companies and a renewed rise in oil prices weighed on...
Retail & Consumer
Russian entrepreneurs see stock go up in flames as Ukraine targets Wildberries
Russian fashion designer Viktoria Terekhova shipped virtually her entire summer collection of children's clothes last week to the giant warehouse of online retailer Wildberries at...
Retail & Consumer
Carrefour sales beat forecasts as France, Brazil drive growth
Carrefour reported better-than-expected second-quarter sales on Thursday, as Europe's largest food retailer benefited from improving momentum in France and a return to expansion ...
Retail & Consumer
Alphabet's cash burn raises alarm for Big Tech as AI spending climbs
Alphabet's first cash burn on record has jolted investors awaiting more Big Tech results next week as soaring AI spending strains one of the world's most profitable companies, and...
Retail & Consumer
How the hunt for value sparked a U.S. private-label revolution
Bill Peterson used to go to Whole Foods or Kroger for fruits, vegetables and milk. Now he swears by private-label chain Aldi, which sells those items at a fraction of the price.
Retail & Consumer
Widening Ukrainian attacks on Russian online retailer Wildberries shutter another warehouse
Leading Russian online retailer Wildberries halted operations at one of its warehouses following a Ukrainian drone attack overnight on Thursday, as Kyiv broadens its campaign agai...
Retail & Consumer
After tackling discounts in China, Nike still needs to win back shoppers
After eight successive quarters of falling sales in China, Nike is pulling online sales rights from some of its biggest retail partners in a high-stakes bet that tighter control ...
Retail & Consumer
Wildberries, 'Russia's Amazon', becomes a target for Ukraine
From humble origins as a family business run out of an apartment near Moscow, Wildberries has grown in under two decades into Russia's top online retailer and a key economic drive...
Retail & Consumer
Target names former 7-Eleven CEO DePinto to board
Target on Wednesday named former 7-Eleven CEO Joe DePinto to its board, adding an industry veteran as the retailer works to sustain a turnaround under new CEO Michael Fiddelke.
Retail & Consumer
Ocado to build robotic warehouse for unnamed European retailer
Britain's Ocado said on Tuesday it would build a large robotic warehouse for a fast-growing European national retailer that it did not name, providing a boost to its embattled tec...
Retail & Consumer
German investor morale rises more than expected in July, ZEW finds
German investor morale rose much more than expected in July as a government reform package brightened the mood despite uncertainty about the conflict in Iran, a survey found on Tue...
Retail & Consumer
Primark cuts prices ahead of split from AB Foods
Fashion retailer Primark said on Monday it would reduce prices by up to 29% across hundreds of bestselling womenswear, menswear and kidswear products, seeking to improve trading...
Retail & Consumer
US data center protests go national as backlash grows
Opponents of the rapid buildout of data centers plan to hold protests on Saturday in at least 125 locations across the United States, the first coordinated national effort to chan...
Retail & Consumer
Walmart names Kinnard to replace departing US COO Shanahan, memo shows
Kieran Shanahan, chief operating officer of Walmart's U.S. operations, is leaving the retailer and will be replaced by the company's international division COO, Kyle Kinnard, an ...
Retail & Consumer
Italy fines six companies over 2026 Winter Olympic Games 'ambush marketing'
Italy's competition authority said on Friday it had fined six companies around €2.5 million ($2.9 million) in total for so-called ambush marketing linked to the Milano Cortina 20...
Retail & Consumer
Burberry's Europe sales hit by Iran war while US and China grow
Burberry said conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand's shares down more than 6% on Friday even though sales in its Ap...
Retail & Consumer