Shopify Shares Soar as Revenue Outlook Beats Estimates
Shares surged after the company's third-quarter revenue outlook beat expectations, strengthening the view that it faces limited disruption from AI.
stores
Retail
Discount Retailers’ Sales Rebound With Anxious Shoppers Seeking Deals
Value retailers are holding up against a broader spending pullback as economic anxiety and a softening job market drive shoppers to seek out discounts and deals.
Discount Retailers’ Sales Rebound With Anxious Shoppers Seeking Deals
Value retailers are holding up against a broader spending pullback as economic anxiety and a softening job market drive shoppers to seek out discounts and deals.
Retail
Selfridges Thai Co-Owner Takes Control as Signa Struggles
Central Group said it’s taken control of the company that runs London’s landmark Selfridges department store after the financial woes of its Austrian partner Signa deepened.
Selfridges Thai Co-Owner Takes Control as Signa Struggles
Central Group said it’s taken control of the company that runs London’s landmark Selfridges department store after the financial woes of its Austrian partner Signa deepened.
Luxury
Where Will Mumbai’s Luxury Customers Shop?
As attention shifts to India’s high-potential luxury market, Mumbai’s traditional luxury district could give the new Jio World Plaza mega-mall a run for its money, writes Imran Amed.
Where Will Mumbai’s Luxury Customers Shop?
As attention shifts to India’s high-potential luxury market, Mumbai’s traditional luxury district could give the new Jio World Plaza mega-mall a run for its money, writes Imran Amed.
Retail
Amazon Is Closing Style Apparel Stores as Grocery Push Ramps Up
Amazon is shuttering its physical clothing stores just 17 months after opening the first outlet.
Amazon Is Closing Style Apparel Stores as Grocery Push Ramps Up
Amazon is shuttering its physical clothing stores just 17 months after opening the first outlet.
Partner Content
Retail Predictions and Insights for the Upcoming Holiday Season in the US
Bolt has released its latest report, designed to equip retailers with critical insights on retail trends ahead of the holiday season and share survey findings from 100+ US-based e-commerce companies which generate more than $5 million in online gross merchandise volume.
Retail Predictions and Insights for the Upcoming Holiday Season in the US
Bolt has released its latest report, designed to equip retailers with critical insights on retail trends ahead of the holiday season and share survey findings from 100+ US-based e-commerce companies which generate more than $5 million in online gross merchandise volume.
Partner Content
Insights Into the Southeast Asian Luxury Consumer
BoF sits down with Siam Piwat’s president of sales and business relations Caroline Murphy to discover how best to engage the evolving Asian consumer, the luxury trends driving “hyper-growth” and the cultural forces increasingly influencing the market.
Insights Into the Southeast Asian Luxury Consumer
BoF sits down with Siam Piwat’s president of sales and business relations Caroline Murphy to discover how best to engage the evolving Asian consumer, the luxury trends driving “hyper-growth” and the cultural forces increasingly influencing the market.
Retail
Showfields Files for Bankruptcy
The multi-brand specialty retailer on Friday filed for Chapter 11 bankruptcy, following a continued decline in sales post-pandemic that left it unable to pay back mounting debt.
Showfields Files for Bankruptcy
The multi-brand specialty retailer on Friday filed for Chapter 11 bankruptcy, following a continued decline in sales post-pandemic that left it unable to pay back mounting debt.
Retail
H&M Is Hiring More Security as Shoplifting Rises in US
H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.
H&M Is Hiring More Security as Shoplifting Rises in US
H&M’s chief executive officer Helena Helmersson said on Wednesday shoplifting has been a particular problem in the US, and the world’s No. 2 fashion retailer is looking at taking steps such as increasing security in its stores.
Retail
Target to Shut 9 Stores Across 4 US States Amid Rising Retail Crime
Target said on Tuesday it would close nine stores across four US states, including California, citing that theft and organised retail crime was threatening the security of the retailer’s employees and customers.
Target to Shut 9 Stores Across 4 US States Amid Rising Retail Crime
Target said on Tuesday it would close nine stores across four US states, including California, citing that theft and organised retail crime was threatening the security of the retailer’s employees and customers.
Technology
Amazon Develops Version of Cashierless Tech for Clothing Stores
Amazon Inc. has developed a new version of its cashierless shopping technology for clothing retailers — in an effort to expand the system beyond convenience and grocery stores.
Amazon Develops Version of Cashierless Tech for Clothing Stores
Amazon Inc. has developed a new version of its cashierless shopping technology for clothing retailers — in an effort to expand the system beyond convenience and grocery stores.
Retail
Zara Finds Shoplifters Outsmarted Its New Security System
The British Retail Consortium reported that store theft increased by 27 percent last year across the UK’s 10 largest cities.
Zara Finds Shoplifters Outsmarted Its New Security System
The British Retail Consortium reported that store theft increased by 27 percent last year across the UK’s 10 largest cities.
Retail
Amazon Launches Supply Chain Services for Stores
Amazon Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses, the latest push by the e-commerce giant to expand its logistics network beyond serving online shoppers.
Amazon Launches Supply Chain Services for Stores
Amazon Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses, the latest push by the e-commerce giant to expand its logistics network beyond serving online shoppers.
The News in Brief
Next Upgrades Profit Outlook Again on Strong Summer Spending
The UK retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe.
Shiseido’s Profits Recover in First Half Amid Turnaround
Growth turned positive in the second quarter, driven by key regions like the Americas, as the Japanese giant executes its yearlong restructuring plan.
Amazon Loses US Court Ban on Perplexity’s AI Shopping Tools
The ruling is the first by a federal appeals court to address whether AI agents acting on behalf of users can legally access online platforms.
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.
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.