Job cuts hit hard in California as uncertainty and AI rise
Job cuts so far this year have already surpassed the total for 2024, as government cost-cutting, economic uncertainty and AI ...
Tag: Retailer
Fashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlierPublished ...
Top Ikea retailer says in Davos that tariffs could drive prices higher – The Business Times
FOR budget furniture retailer Ikea, the fewer trade tariffs there are, the better, CEO of Ingka Group, the biggest global ...
Walmart, world’s biggest retailer, will curb diversity efforts
WALMART is reversing course on diversity, equity and inclusion (DEI) initiatives, joining a growing list of businesses retreating on DEI ...
Online retailer Shein’s 2023 sales hit £1.55 billion in UK
SHEIN’S British business made £1.55 billion (S$2.6 billion) in revenue in 2023 and a profit before tax of £24.4 million, ...
Retailer Miniso to buy stake in China’s Yonghui for 6.27 billion yuan
LOW-COST retailer Miniso Group Holding plans to acquire a significant stake in supermarket chain operator Yonghui Superstores for 6.27 billion ...
UK retailer John Lewis to bring back 100-year-old price pledge
British department store John Lewis is reintroducing its 100-year-old “Never Knowingly Undersold” promise to customers on Monday (Sep 9), two ...
Influencers’ go-to digital retailer finds actual stores are key
REVOLVE Group, a popular fashion hub among young influencer-obsessed shoppers during the pandemic, is seeing its shares tumble as sales ...
Fast-fashion retailer Shein filed for London listing in early June: sources
SHEIN confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as ...
Richemont’s online luxury retailer YNAP to exit China
RICHEMONT’S luxury e-commerce platform Yoox Net-A-Porter (YNAP) is pulling out of China, as weak consumer spending puts increasing strain on ...
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