Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
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Retail
Walmart to Spend Another $428 Million on Employee Bonuses
The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
Walmart to Spend Another $428 Million on Employee Bonuses
The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
Retail
Walmart Partners With Shopify to Expand Online Marketplace Business
The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales.
Walmart Partners With Shopify to Expand Online Marketplace Business
The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales.
News & Analysis
Walmart Received Outside Interest in JetBlack Unit
The discussions come amid a broader reorganisation of Walmart’s money-losing e-commerce unit, bringing it more firmly under the control of the retailer's core stores division.
Walmart Received Outside Interest in JetBlack Unit
The discussions come amid a broader reorganisation of Walmart’s money-losing e-commerce unit, bringing it more firmly under the control of the retailer's core stores division.
Retail
US Agency Says Walmart Likely Discriminated Against Female Workers
The world's largest retailer allegedly discriminated against 178 female workers by paying less or denying promotions or both because of their gender.
US Agency Says Walmart Likely Discriminated Against Female Workers
The world's largest retailer allegedly discriminated against 178 female workers by paying less or denying promotions or both because of their gender.
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Retail
Walmart Explores ModCloth Sale
According to Modcloth Chief Executive Silvia Mazzucchelli, the Walmart-owned company is 'in the process of exploring potential opportunities' in response to interest from buyers.
Walmart Explores ModCloth Sale
According to Modcloth Chief Executive Silvia Mazzucchelli, the Walmart-owned company is 'in the process of exploring potential opportunities' in response to interest from buyers.
Retail
Walmart's Online Unit Hunts for New Executive as Losses Pile Up
While the retail giant's online business has been growing, it continues to be in the red, with expected losses of about $1.7 billion this year.
Walmart's Online Unit Hunts for New Executive as Losses Pile Up
While the retail giant's online business has been growing, it continues to be in the red, with expected losses of about $1.7 billion this year.
Retail
Report: Walmart Has Discussed Selling Bonobos and Modcloth
Both clothing businesses, which were acquired by the American retail giant in 2017, are unprofitable, according to a report by Vox.
Report: Walmart Has Discussed Selling Bonobos and Modcloth
Both clothing businesses, which were acquired by the American retail giant in 2017, are unprofitable, according to a report by Vox.
News & Analysis
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
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News & Analysis
Walmart to Integrate Jet Employees as Unit's President Exits
Changes include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company.
Walmart to Integrate Jet Employees as Unit's President Exits
Changes include the departure of Jet president Simon Belsham, who will seek another opportunity inside or outside the company.
Marketing
Walmart to Make First Direct Pitch to Corporate Ad Buyers
The planned meeting with large consumer goods brands marks the retailer's first effort to grow its nascent advertising business and challenge online ad leaders.
Walmart to Make First Direct Pitch to Corporate Ad Buyers
The planned meeting with large consumer goods brands marks the retailer's first effort to grow its nascent advertising business and challenge online ad leaders.
Marketing
Amazon Has a Big Advertising Business. Walmart Wants One Too
Retail giants are arguing that, while Facebook might know what customers like, and Google might know what they want, but only they know what they actually buy.
Amazon Has a Big Advertising Business. Walmart Wants One Too
Retail giants are arguing that, while Facebook might know what customers like, and Google might know what they want, but only they know what they actually buy.
Retail
Walmart Expects Fastest US Sales Growth Next Fiscal Year
The retail giant expects some of its fastest sales growth this decade as it draws in more digital customers in its turf war against Amazon.
Walmart Expects Fastest US Sales Growth Next Fiscal Year
The retail giant expects some of its fastest sales growth this decade as it draws in more digital customers in its turf war against Amazon.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.