Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Oracle shares slide as hefty AI spending, debt plans spook investors
Oracle shares tumbled 12% on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the company's push to build out AI infrastruct...
Retail & Consumer
BYD Hungary plant to start production in late 2026, executive says
BYD will start assembling cars at its new plant in Hungary in the fourth quarter of this year and the Chinese automaker has paused work on a plant in Turkey while it focuses on p...
Retail & Consumer
Amazon issues record-setting Canadian dollar-denominated corporate bond deal
Amazon has issued C$14 billion ($10.04 billion) of Canadian dollar-denominated notes, a final pricing term sheet filed with the SEC on Monday showed, marking a record size for th...
Retail & Consumer
Campbell's sticks to annual targets as US consumer spending remains strained
Packaged food maker Campbell's Co stuck to its annual outlook on Monday, months after trimming the forecast, as cautious U.S. consumer spending continued to weigh on demand.
Retail & Consumer
UK competition watchdog launches probe into eBay's purchase of Depop
The UK competition regulator on Monday launched a probe into eBay's $1.2 billion purchase of Gen Z-focused fashion resale platform Depop from Etsy .
Retail & Consumer
Lululemon slides as bleak outlook, product missteps cloud brand reset
Lululemon Athletica shares sank nearly 13% in premarket trading on Friday as the athleisure wear maker cut its annual profit forecast following brand backlash and underwhelming pro...
Retail & Consumer
Lululemon cuts forecasts amid persistent sales slump in key US market, shares drop
Lululemon Athletica cut its annual profit forecast on Thursday and projected second-quarter earnings well below Wall Street estimates, as the athletic apparel maker's products fai...
Retail & Consumer
Pinterest deepens Amazon partnership with $4 billion cloud deal
Pinterest said on Thursday it would pay Amazon Web Services $4 billion for cloud services through 2031, as the social media company strengthens a long-term partnership with its l...
Retail & Consumer
Amazon unveils new AI warehouse robot in $12 billion Europe push
Amazon on Thursday unveiled an upgraded AI-powered mobile robot for its warehouses that can respond to conversational prompts, as part of a €10 billion ($11.6 billion) investment ...
Retail & Consumer
AI 'chipflation' spreading from data centers to wider economy, Morgan Stanley warns
Soaring memory chip prices driven by massive AI demand risk stoking "chipflation," Morgan Stanley analysts cautioned, as makers of devices from smartphones to PCs are forced to ch...
Retail & Consumer
Macy's raises annual forecasts as luxury focus draws affluent shoppers
Macy's raised its annual forecasts and posted its first quarterly sales growth in nearly four years on Wednesday, driven by strong demand for high-end apparel and accessories, pa...
Retail & Consumer
US retailers brace for bigger consumer stress test as war drags on
With the Iran war stretching into its fourth month, U.S. retail companies that have so far banked on a resilient consumer could face a tougher road ahead as rising gas prices and e...
Retail & Consumer
France fines Shein $26 million over consumer rule breaches; Shein to challenge
France has fined fast-fashion firm Shein about €22 million ($26 million) over issues with returns, product information and order confirmations, a penalty the company described as...
Retail & Consumer
Zara owner Inditex reports strong start to summer trading
Zara owner Inditex reported a strong start to summer trading on Wednesday, with currency-adjusted sales growth of 11.5% in May, well above analysts' expectations, and said its s...
Retail & Consumer
DeepSeek slated to draw $7 billion in maiden fundraising, sources say
The fundraising could value the company at between $52 billion and $59 billion.
Retail & Consumer
Ulta Beauty raises annual profit forecast on TikTok push, prestige demand
Ulta Beauty drew demand for higher-priced products and pulled in young customers through its CEO Kecia Steelman's TikTok push, helping the cosmetics retailer raise annual profit ...
Retail & Consumer
Retail investors fuel record buying in US software ETF as AI trade broadens
The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed...
Retail & Consumer
Dollar General raises annual profit forecast on resilient demand for discount goods
Dollar General raised its annual profit forecast on Tuesday, mirroring rival Dollar Tree, as the discount retailers bank on shoppers seeking affordable essentials amid economic u...
Retail & Consumer