Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Major investment pledges at Choose France summit
France announced 71 foreign investment projects worth a combined €93 billion ($108.3 billion) at its annual Choose France business summit on Monday, adding they would create more t...
Retail & Consumer
Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
Europe plans to propose strict criteria for cloud computing services in highly critical state tenders that could exclude Amazon , Microsoft and Google from such projects, accord...
Retail & Consumer
UK regulator says no evidence fuel retailers taking advantage of Middle East crisis
Britain's competition regulator has found no evidence that retailers had altered their fuel pricing strategies to take advantage of the Middle East crisis, but warned that weak co...
Retail & Consumer
New Tesla sales in Spain more than double year-on-year in May
Tesla's new car sales in Spain surged 112.8% in May, more than doubling compared to the same month last year to 1,690 vehicles, registration data from industry group ANFAC s...
Retail & Consumer
German retail sales fall less than expected in April
German retail sales fell less than expected in April, decreasing by 0.3% compared with the previous month, data showed on Monday.
Retail & Consumer
Gap, American Eagle fall as weak apparel demand signals constrained consumer spending
Shares of apparel makers Gap and American Eagle Outfitters dropped 15% and 10%, respectively, in premarket trade on Friday after weak annual forecasts, as consumers curb discreti...
Retail & Consumer
Dell rallies about 40% on strong Nvidia‑powered AI server demand
Shares of Dell Technologies soared nearly 40% in premarket trading on Friday, after robust demand for its Nvidia-powered AI servers prompted the company to raise its annual revenu...
Retail & Consumer
UK grocer Asda taps Ocado to revamp online business
British supermarket group Asda has struck a partnership with technology firm Ocado to overhaul its online business across the UK as it seeks to stem market share losses, the compan...
Retail & Consumer
Costco gas stations draw more frugal Americans as prices bite
Costco Wholesale reaped the spoils of surging gas prices, as more consumers sought out its lower-priced fuel, helping it top market expectations for third-quarter U.S. sales.
Retail & Consumer
American Eagle Outfitters maintains annual revenue outlook
American Eagle Outfitters kept its annual sales forecast intact on Thursday, as ongoing geopolitical uncertainty and cautious spending pressured demand for its clothes and...
Retail & Consumer
Gap, American Eagle fail to reassure investors on apparel demand; shares fall
Gap cut its annual sales forecast on Thursday and American Eagle Outfitters kept its annual comparable sales view intact, failing to reassure investors as cautious U.S. consumers ...
Retail & Consumer
Energy use forcing rethink of AI chip design, TSMC says
A senior TSMC executive said on Thursday that surging electricity demands from AI are making energy efficiency rather than computing power the main constraint shaping future compu...
Retail & Consumer
Germany's DHL hires US Postal Service for last-mile US parcel deliveries
The U.S. Postal Service said Thursday it had reached a multi-year deal with DHL eCommerce, expected to be worth more than $10 billion, to handle the German company's last-mile pa...
Retail & Consumer
Department store chain Kohl's reaffirms annual targets
Kohl's stuck to its annual targets after posting quarterly sales in line with estimates, as the department store chain's efforts to cut costs and expand its product categories s...
Retail & Consumer
Dollar Tree raises annual profit forecast on steady demand
Dollar Tree raised its annual profit forecast on Thursday, buoyed by resilient demand for affordable essentials from budget‑conscious shoppers and its efforts to offset higher co...
Retail & Consumer
Hormel Foods tops quarterly estimates on strong demand for protein-rich foods
Skippy peanut butter maker Hormel Foods beat second-quarter sales and profit estimates on Thursday, helped by strong demand for its chicken and turkey products.
Retail & Consumer
Snowflake jumps as AWS deal, upbeat forecast lift lagging sentiment
Snowflake shares surged 39% premarket on Thursday after the company raised its annual revenue forecast and a $6 billion deal with Amazon bolstered investor confidence that the data...
Retail & Consumer
Snowflake signs $6 billion deal with AWS tied to AI infrastructure
Snowflake said on Wednesday it has signed a $6 billion deal with Amazon Web Services , with the investment tied to AWS' Graviton processors and AI chip infrastructure...
Retail & Consumer