Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Arkansas, United States
News & Analysis
Report: Walmart in Talks to Spend Billions for Flipkart Stake
The world’s biggest retailer would invest in Flipkart as part of a proposed deal that would increase the startup’s valuation as high as $20 billion, according to a person familiar with the matter.
Retail
Walmart to Change Name, Reflecting Shift From Bricks to Clicks
The tweak reflects how customers commonly refer to the company, and supports its aim to serve customers both in physical stores and online.
News & Analysis
Report: Wal-Mart Said to Be Eliminating a Few Dozen Jobs at Headquarters
The company has been looking to slim down its operations as it boosts wages for employees and ramps up e-commerce spending to compete with Amazon.com Inc.
Retail
Walmart Seeks New Products Amid Battle with Amazon
The retail giant has selected 500 businesses to take part its annual "Open Call" day to help search for new products to sell in its stores as it battles Amazon for billions of dollars in revenue.
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Retail
Wal-Mart Bets on In-Store Pickup in Holiday Showdown With Amazon
BENTONVILLE, United States — Wal-Mart Stores Inc.'s e-commerce store won't be offering free unlimited shipping this holiday season, encouraging
Retail
Don’t Let Wal-Mart Fool You, US Investors Still Love Consumers
The sight of Wal-Mart Stores Inc. falling earlier this month by the most since 1988 sent shock waves through stock markets. But that doesn’t mean investors are souring on US consumers.
Global Markets
Wal-Mart to Bring In-House Some Sourcing Handled by Li & Fung
Wal-Mart Stores Inc, the world's largest retailer, said it has decided to bring in-house some of the product sourcing that has been handled by Direct Sourcing Group (DSG), a unit of Hong Kong's Li & Fung Ltd.
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The News in Brief
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
Indian Fashion Retailer Trent Jumps as Quarterly Profits, Sales Rise
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Textured Haircare Brand The Mane Choice Names New CEO
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.
APR Corp’s Quarterly Revenue Doubles on Skincare, Overseas Growth
The Korean firm and Medicube owner reported third quarter revenue growth of over 100 percent, mostly attributed to the expansion of its skincare range into new markets, channels and product categories.
Swan Beauty Names Chief Makeup Artist in Residence
Celebrity-makeup artist Ash K. Holm will join the “smart” mirror brand for a year-long partnership focusing on guidance and education.