Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Lululemon shareholders back board slate after truce with founder
Lululemon shareholders have elected three management-backed directors, including former Levi Strauss chief Chip Bergh, cementing the settlement of a bruising proxy battle with its ...
Retail & Consumer
McCormick tops estimates as economic uncertainty drives demand for condiments
Cholula hot sauce maker McCormick beat Wall Street estimates for second-quarter sales and profit on Thursday, driven by strong demand for its spices and seasonings as consumers c...
Retail & Consumer
UK retail downturn deepened in June, CBI survey shows
British retail sales slid further this month, with sales far below the norm expected for this time of year, according to a survey on Thursday that added to signs of a slowdown un...
Retail & Consumer
EU targets Amazon, Microsoft cloud units for Big Tech “gatekeeper” rules
EU antitrust regulators said Amazon and Microsoft's cloud computing services should be designated as “gatekeepers” under landmark tech rules, a step that would subject them to str...
Retail & Consumer
Qualcomm forecasts $15 billion data center chip sales by 2029, shares soar
Qualcomm said it expects to generate $15 billion in sales from its data center business by 2029 as it moves beyond its core smartphone chips, sending shares more than 12% higher ...
Retail & Consumer
US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
Online spending among shoppers on the first day of Amazon's Prime Day rose 5.3% from a year earlier to $8.3 billion across U.S. retailers, Adobe Analytics said on Wednesday.
Retail & Consumer
UK retailer B&M appoints Asda's Atheeq Akbar as finance chief
British discount retailer B&M named Asda [RIC:RIC:WMTAS.UL] executive Atheeq Akbar as its next chief financial officer on Wednesday, with the company pushing ahead with efforts t...
Retail & Consumer
Britain accelerates plan to end low-value parcel tariff loophole
Britain will scrap customs duty relief on low-value imports from October 2028, six months earlier than planned, the finance ministry said on Tuesday, targeting a tax loophole that...
Retail & Consumer
Bath & Body Works partners with Ulta Beauty as it looks to boost sales
Ulta Beauty shoppers will soon be able to purchase Bath & Body Works' signature fragrances, hand soaps and candles in more than 600 stores from July 12 as both companies pursue t...
Retail & Consumer
Valentino shareholders pledge fresh support for 2026 after losses, rising debt
Valentino's shareholders have committed additional financial support for 2026 after the Italian fashion house swung to an operating loss last year and debt increased, a filing se...
Retail & Consumer
UK grocery inflation slows, easing fears of Iran war hit, says Worldpanel
British grocery inflation slowed to 3.0% in the four weeks to June 14, researcher Worldpanel by Numerator said on Tuesday, easing concerns about the impact of the Middle East conf...
Retail & Consumer
UK's Ocado says board engaging in CEO succession planning
British technology firm Ocado Group said on Monday that its chief executive Tim Steiner and board are continuing long-term CEO succession planning and is engaging with potenti...
Retail & Consumer
Italy’s cash-for-gold trader Gens Aurea plans Milan IPO
Italian cash-for-gold trader Gens Aurea said on Monday it is planning to list on the Milan stock exchange, marking what would be the first major initial public offering in the co...
Retail & Consumer
Ocado Group lines up successor to CEO Steiner, Sky News reports
British technology firm Ocado Group is preparing to appoint a successor to chief executive Tim Steiner, Sky News reported on Sunday.
Retail & Consumer
Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business
Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that will use artificial intelligence to speed and ease the design of custom chips.
Retail & Consumer
French store BHV ends partnership with retailer Shein, French media say
French department store BHV is ending its partnership with Chinese online fast fashion retailer Shein, French media reported on Tuesday.
Retail & Consumer
FTSE 100 rises on financials, industrials strength; oil slips
London's FTSE 100 rose on Tuesday, with financials and industrials leading gains, as easing oil prices supported risk appetite.
Retail & Consumer
German investor morale rebounds on hopes Iran conflict will end
German investor morale rose unexpectedly in June as financial market experts bet on an easing of the Iran conflict and associated inflation pressures.
Retail & Consumer