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
T.J. Maxx Parent Raises Profit View as Cost Pressures Ease
TJX Companies Inc. lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items.
T.J. Maxx Parent Raises Profit View as Cost Pressures Ease
TJX Companies Inc. lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items.
Retail
Boohoo Profit Halves as Shoppers Face Squeeze
Boohoo said on Tuesday it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), its key profit measure, of £63.3 million ($79.9 million) in the year to Feb. 28, slightly ahead of analysts’ consensus forecast of £62.1 million but down from the £125.1 million made in 2021-22.
Boohoo Profit Halves as Shoppers Face Squeeze
Boohoo said on Tuesday it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), its key profit measure, of £63.3 million ($79.9 million) in the year to Feb. 28, slightly ahead of analysts’ consensus forecast of £62.1 million but down from the £125.1 million made in 2021-22.
Technology
Amazon Plans to Add ChatGPT-Style Search to Its Online Store
Amazon Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines.
Amazon Plans to Add ChatGPT-Style Search to Its Online Store
Amazon Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines.
Retail
Fast Retailing’s Uniqlo to Add Stores in North America
Fast Retailing’s Uniqlo plans to expand its existing stores in North America by 10 percent, according to one of its executives.
Fast Retailing’s Uniqlo to Add Stores in North America
Fast Retailing’s Uniqlo plans to expand its existing stores in North America by 10 percent, according to one of its executives.
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Retail
After Existential Crisis, Primark Broadens Ranges and Targets US
Unable to sell stock during the Covid-19 lockdown, now three years later, Primark has expanded its reach to the US, primarily into the southern states.
After Existential Crisis, Primark Broadens Ranges and Targets US
Unable to sell stock during the Covid-19 lockdown, now three years later, Primark has expanded its reach to the US, primarily into the southern states.
Retail
Start-Up E-Commerce Platform Temu Expands to Europe
Ultra-low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to European markets, including France, Germany, Italy, The Netherlands, Spain and the United Kingdom.
Start-Up E-Commerce Platform Temu Expands to Europe
Ultra-low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to European markets, including France, Germany, Italy, The Netherlands, Spain and the United Kingdom.
Retail
Uniqlo’s $20 Shoulder Bag Tops Lyst Index of Fashion’s Hottest Products
It comes after the bag went viral on TikTok, generating 59 million views on platform.
Uniqlo’s $20 Shoulder Bag Tops Lyst Index of Fashion’s Hottest Products
It comes after the bag went viral on TikTok, generating 59 million views on platform.
Retail
Nordstrom, Dillard’s Garment Suppliers in Violation of Wage Laws in California
Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc.
Nordstrom, Dillard’s Garment Suppliers in Violation of Wage Laws in California
Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc.
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Retail
Target Announces Spring Designer Collaborations
Target has tapped Agua Bendita, a Colombian label known for its bold floral prints, Fe Noel, a Brooklyn-born brand with Grenadian roots, and Los Angeles-based Rhode, which is synonymous with printed dresses, as its latest designer collaboration partners.
Target Announces Spring Designer Collaborations
Target has tapped Agua Bendita, a Colombian label known for its bold floral prints, Fe Noel, a Brooklyn-born brand with Grenadian roots, and Los Angeles-based Rhode, which is synonymous with printed dresses, as its latest designer collaboration partners.
Technology
Google Suspends Pinduoduo After Finding Malware in Versions
Google has suspended PDD Holdings Inc.’s main Chinese shopping app Pinduoduo after discovering malware in unsanctioned versions of the software, dealing a blow to one of the country’s biggest online retailers.
Google Suspends Pinduoduo After Finding Malware in Versions
Google has suspended PDD Holdings Inc.’s main Chinese shopping app Pinduoduo after discovering malware in unsanctioned versions of the software, dealing a blow to one of the country’s biggest online retailers.
Sustainability
H&M Expands Resale Platform to the US
H&M is collaborating with ThredUp, an online consignment platform, to launch its resale platform H&M Pre-loved.
H&M Expands Resale Platform to the US
H&M is collaborating with ThredUp, an online consignment platform, to launch its resale platform H&M Pre-loved.
Retail
Report: Shein Set to Raise $2 Billion, Eyes Us IPO Later This Year
UAE’s sovereign wealth fund Mubadala is a major investor in this round as are existing investors, private equity firm General Atlantic (GA) and venture capital group Sequoia Capital China, said two of the people and a separate person with knowledge of the matter.
Report: Shein Set to Raise $2 Billion, Eyes Us IPO Later This Year
UAE’s sovereign wealth fund Mubadala is a major investor in this round as are existing investors, private equity firm General Atlantic (GA) and venture capital group Sequoia Capital China, said two of the people and a separate person with knowledge of the matter.
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.