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The News In Brief

Technology

Amazon Brings AI Update to Its Shopping Search Bar

The tool generates product comparisons or suggestions and will appear by default starting this week for US-based users.

Technology

Amazon Brings AI Update to Its Shopping Search Bar

The tool generates product comparisons or suggestions and will appear by default starting this week for US-based users.


Beauty

Henkel Ventures Invests in Ruka

The German conglomerate co-led a funding round for the UK biotech beauty brand, which makes alternatives to hair extensions.

Beauty

Henkel Ventures Invests in Ruka

The German conglomerate co-led a funding round for the UK biotech beauty brand, which makes alternatives to hair extensions.


Retail

Birkenstock Misses Quarterly Sales Estimates But Maintains Annual Forecast

Softer consumer sentiment and the conflict in the Middle East led to uneven demand for the German brand’s sandals and clogs.

Retail

Birkenstock Misses Quarterly Sales Estimates But Maintains Annual Forecast

Softer consumer sentiment and the conflict in the Middle East led to uneven demand for the German brand’s sandals and clogs.


Global Markets

US Finalises Tariff Refunds of $35.5 Billion

US ⁠Customs and Border Protection validated over 80,000 applications for refunds covering ⁠an undisclosed number of shipments or entries.

Global Markets

US Finalises Tariff Refunds of $35.5 Billion

US ⁠Customs and Border Protection validated over 80,000 applications for refunds covering ⁠an undisclosed number of shipments or entries.


Sports

Under Armour Sees Another Weak Year as North America Struggles, Shares Slump

Founder Kevin Plank, ⁠who returned as CEO in 2024, outlined a plan that involved reducing ⁠about a fourth of the company's product lines and shifting to higher-priced items in sports categories.

Sports

Under Armour Sees Another Weak Year as North America Struggles, Shares Slump

Founder Kevin Plank, ⁠who returned as CEO in 2024, outlined a plan that involved reducing ⁠about a fourth of the company's product lines and shifting to higher-priced items in sports categories.


Luxury

Swatch Quashes Activist Attempt to Shake Up Hayek Stronghold

The Hayek family blocked Steven Wood’s second bid for a seat on the watchmaker’s board of directors with their 44 percent voting rights and three board seats, maintaining their tight control of the company.

Luxury

Swatch Quashes Activist Attempt to Shake Up Hayek Stronghold

The Hayek family blocked Steven Wood’s second bid for a seat on the watchmaker’s board of directors with their 44 percent voting rights and three board seats, maintaining their tight control of the company.


Retail

EBay Spurns GameStop’s Offer as Not Credible or Attractive

The rejection leaves GameStop CEO Ryan Cohen with the option to try to pursue a proxy fight to replace eBay board members, which could take more than a year.

Retail

EBay Spurns GameStop’s Offer as Not Credible or Attractive

The rejection leaves GameStop CEO Ryan Cohen with the option to try to pursue a proxy fight to replace eBay board members, which could take more than a year.


Retail

US Inflation Accelerates as Gas, Rent and Food Prices Climb

The consumer price index rose 3.8 percent from a year earlier, exceeding wage growth and increasing the strain on US shoppers.

Retail

US Inflation Accelerates as Gas, Rent and Food Prices Climb

The consumer price index rose 3.8 percent from a year earlier, exceeding wage growth and increasing the strain on US shoppers.


Beauty

Ouai Names Susan Kim CEO

Kim joins Jen Atkin’s hair-care label from Kopari; Atkin will remain in her role as chief creative officer.

Beauty

Ouai Names Susan Kim CEO

Kim joins Jen Atkin’s hair-care label from Kopari; Atkin will remain in her role as chief creative officer.


Beauty

Shiseido’s Quarterly Results Pressured By Geopolitical Risks

Japan’s largest beauty conglomerate is looking to potentially swap out oil-based inputs for plant-derived materials as the Middle East conflict upends its supply chain.

Beauty

Shiseido’s Quarterly Results Pressured By Geopolitical Risks

Japan’s largest beauty conglomerate is looking to potentially swap out oil-based inputs for plant-derived materials as the Middle East conflict upends its supply chain.


Beauty

Hims & Hers Misses Estimates as Strategy Shift Hits Sales

The US telehealth company posted a surprise loss on Monday, as a shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales.

Beauty

Hims & Hers Misses Estimates as Strategy Shift Hits Sales

The US telehealth company posted a surprise loss on Monday, as a shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales.


Sports

On Lifts Outlook as Buyers Snap Up Cloudtilt Shoes

On Holding AG raised its profit outlook after a robust start to the year that saw consumers snap up the Swiss brand’s growing range of apparel and new sneakers.

Sports

On Lifts Outlook as Buyers Snap Up Cloudtilt Shoes

On Holding AG raised its profit outlook after a robust start to the year that saw consumers snap up the Swiss brand’s growing range of apparel and new sneakers.