Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
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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.
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.
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.
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.
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
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.
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.
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
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.