Retail & Consumer
LATEST NEWS FROM RETAIL & CONSUMER
Retail & Consumer
July US container imports hit fourth-highest on record, Descartes says
U.S. imports of containerized goods in July hit the fourth-highest level for the month, as shippers rushed in goods ahead of unknown U.S. tariff changes, supply chain technology ...
Retail & Consumer
Japan's executives call for FX stability as weak yen intensify import-cost pressure
Japanese executives are increasingly warning that currency swings and a persistently weak yen pose risks to the economy, highlighting concerns that triggered last week's joint Jap...
Retail & Consumer
Shein finds there's no place like China after Vietnam warehouse experiment disappoints
Shein started encouraging its biggest Chinese suppliers to set up manufacturing bases in Vietnam. But things did not go to plan.
Retail & Consumer
UK's Burnham vows crackdown on misleading discounts and subscription traps
Britain's new Prime Minister Andy Burnham said on Sunday he would crack down on misleading product discounts and subscription traps as part of a broader push to ease pressure on ...
Retail & Consumer
Apple tests China's CXMT memory chips for iPhones and MacBooks, WSJ reports
Apple has been testing memory chips from China's CXMT across product lines including iPhones and MacBooks, to mitigate a component shortage fueled by the AI boom, the Wall Stre...
Retail & Consumer
Apple says Mac users in China can connect to Alibaba's Qwen AI service
Apple has published a guide explaining how eligible Mac users in mainland China can connect Alibaba's Qwen artificial-intelligence service to the U.S. tech giant's Siri digital as...
Retail & Consumer
Under Armour forecasts steeper annual sales decline on weak North America demand
Under Armour on Friday forecast a steeper annual revenue decline, underscoring the challenge of reviving growth as cautious consumers rein in spending on athletic apparel amid ec...
Retail & Consumer
Meat packer JBS agrees joint venture with Indonesian wealth fund arm
Brazilian meat packer JBS has agreed a joint venture with PT Danantara (DIM), an arm of Indonesia's sovereign wealth fund, to pursue investments in protein production across Indo...
Retail & Consumer
US equity funds see outflows as investors take profits ahead of jobs data
U.S. equity funds recorded outflows in the week to August 5 as some investors cashed in gains after a record-setting market rally and awaited Friday's July jobs report, a key inp...
Retail & Consumer
Retailers tap AI shopping traffic but fight to keep customer data
As shoppers increasingly turn to ChatGPT and Google's Gemini for product recommendations, retailers are racing to appear in chatbot results while resisting efforts to cede custome...
Retail & Consumer
Global equity funds draw inflows for 11th week as upbeat earnings lift sentiment
Global equity funds recorded inflows for an 11th consecutive week, as optimism about a strong earnings season and cooling crude oil prices boosted investors' appetite for risk ass...
Retail & Consumer
UK's JD Sports appoints former IKEA boss Peter Agnefjäll as chair
British sportswear retailer JD Sports on Friday said former IKEA [RIC:RIC:IKEA.UL] CEO Peter Agnefjäll has been appointed as chair effective September 1, succeeding Darren Shap...
Retail & Consumer
India's Britannia rises as upbeat demand outlook, profit growth cheer investors
Shares of Britannia Industries rose as much as 4.7% on Friday after the biscuits maker posted higher quarterly profit and signalled stronger demand, prompting analysts to reaffir...
Retail & Consumer
Alibaba plans to charge big users of its next open-source AI model, sources say
Chinese technology giant Alibaba plans to ask major users of the next version of its Qwen open-source AI model for a share of revenue they make from the hotly anticipated offering...
Retail & Consumer
Instacart signals strong quarter with forecasts above estimates on robust delivery demand
Instacart forecast third-quarter gross transaction value and core profit above analysts' expectations, as consumers embrace the convenience of online grocery deliveries and pursue...
Retail & Consumer
Ralph Lauren shares jump as shoppers in Asia, North America drive revenue beat
Ralph Lauren beat Wall Street estimates for first-quarter results on Thursday, driven by persistent demand from young shoppers in Asia and North America for its high-end collection...
Retail & Consumer
S&P, Dow futures steady as MidEast deal in focus; chip, software stocks tumble
S&P 500 and Dow futures were steady on Thursday after this week's record-breaking rally as investors awaited details on a Middle East peace deal, while Nasdaq futures slipped as ...
Retail & Consumer
Nintendo operating profit jumps 151% on robust software demand, U.S. tariff refund
Japanese games maker Nintendo said on Thursday its operating profit soared 150.5% to 142.6 billion yen ($903.6 million) in the April-June quarter, helped by brisk demand for Swit...
Retail & Consumer