Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
Birkenstock raises revenue forecast on strong demand, shares jump
Birkenstock raised its full-year sales growth forecast and beat quarterly revenue estimates on Thursday, banking on resilient full-price demand for its premium sandals from afflu...
Retail & Consumer
Rise of AI shopping pushes merchants to protect loyalty, Adyen says
The increasing prevalence of AI chatbots handling consumer shopping is pushing merchants to uphold more direct customer relationships over fears of losing their loyalty and repeat...
Retail & Consumer
Pandora CEO says new jewellery collections drive growth
Pandora's new jewellery collections are driving growth, CEO Berta de Pablos-Barbier said in an interview on Thursday, even though consumer sentiment in the U.S. remains weak.
Retail & Consumer
Embracer tops quarterly profit expectations as PC, console business improves
Swedish gaming company Embracer posted first-quarter adjusted operating profit that more than doubled analysts' expectations on Thursday, driven by stronger earnings from its PC ...
Retail & Consumer
Why UK food inflation has yet to surge
Britain's food industry warned in February that soaring energy costs following U.S. and Israeli strikes on Iran could push food price inflation towards 10% by Christmas.
Retail & Consumer
Singapore's Wilmar posts higher interim profit on strong industrial, food businesses
Singapore-listed Wilmar International reported a 9.9% rise in half-year core net profit on Wednesday, bolstered by strong performance from its feed and industrial products and fo...
Retail & Consumer
Nintendo to launch Switch consoles in Indonesia in December
Japanese game maker Nintendo said on Wednesday that it would launch its Switch consoles in Indonesia for the first time this year, marking its entrance into Southeast Asia's larg...
Retail & Consumer
Tencent Q2 revenue climbs 11% on AI-driven ad gains, but profit falls short
Net profit rose only 0.7% from a year earlier, falling short of analyst expectations.
Retail & Consumer
Uber Freight says its investigating cyber incident following hacker claims
Uber Freight is investigating a data security incident involving unauthorized access to a portion of its systems and repositories, a company spokesperson said on Tuesday.
Retail & Consumer
Norway wealth fund holds $1.2 bln stake in SpaceX
Norway's $2.3 trillion wealth fund, the world's largest, held a 0.05% stake in SpaceX worth $1.22 billion as of June 30, it said for the first time on Tuesday, in an updated list...
Retail & Consumer
Smithfield Foods trims full-year forecasts as consumers rein in spending
Smithfield Foods cut its annual total sales and adjusted operating profit forecasts on Tuesday, citing ongoing challenges including cautious consumer spending and higher input co...
Retail & Consumer
Sportswear brand On misses quarterly sales view as consumer demand weakens
Sportswear brand On , missed Wall Street estimates for second-quarter net sales on Tuesday, sending its shares down 15% premarket, as higher costs from U.S. tariffs and a tougher ...
Retail & Consumer
Malaysia’s SD Guthrie sees El Niño impacting 2027-28 palm oil output
Malaysia's SD Guthrie , one of the world's largest palm oil producers, said on Tuesday that it expects production to be impacted in 2027 and 2028 with El Niño set to bring drier a...
Retail & Consumer
India's Raymond Lifestyle eyes Europe for 25% of exports, cuts US dependence
Raymond Lifestyle expects Europe to account for roughly a quarter of its exports in two years as the Indian apparel maker expands in the region to reduce reliance on the United St...
Retail & Consumer
Brazil's Natura posts 92% decline in Q2 net profit
Brazilian cosmetic maker Natura on Monday posted a second-quarter net profit of 35 million reais ($6.85 million), a 92.1% decline from the same period of 2025 on a recurring ba...
Retail & Consumer
JBS taps Wesley Batista Filho as CEO, posts surprise second-quarter loss
Brazil's JBS , the world's largest meatpacker, said on Monday it had named Wesley Batista Filho as chief executive effective January 2027, while posting an unexpected net loss fo...
Retail & Consumer
Glencore's exposure to Radiant World more than $500 million, sources say
Glencore's exposure to Radiant World, a company with which the London-listed miner and trader has stopped doing new business, amounts to more than half a billion dollars, two sour...
Retail & Consumer
GameStop weighing withdrawal of eBay bid, Bloomberg News reports
GameStop CEO Ryan Cohen is considering withdrawing the videogame retailer's $56 billion bid for eBay and may instead pursue a partnership or joint venture with the e-commerce comp...
Retail & Consumer