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Retail Industry News
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Somnigroup closes $2.3bn Leggett & Platt deal and raises synergy target 50% to $75m
Somnigroup completes its $2.3bn Leggett & Platt deal, lowering leverage to about 2.8x and lifting expected synergies to $75m.
Lanvin Group cuts H1 EBITDA loss by €17.6m even as revenue falls 13%
Lanvin Group’s first-half revenue declined to €101 million as it reduced its retail footprint, but gross margin improved and adjusted EBITDA losses narrowed by roughly one-third.
PDD holds 25% operating margin as Temu faces tougher U.S. and European trade rules
PDD revenue rose 8% to RMB112.4B while profit fell 12% as Temu and Pinduoduo increased merchant, technology and global compliance spending.
Accent Group (ASX: AX1) posts A$13.8m loss as A$48.6m impairment clouds Frasers bid
Accent Group delivered A$51 million of underlying FY26 profit but recorded a statutory loss after a A$48.6 million goodwill impairment, while its shares still trade above Frasers Group’s hostile A$0.65 cash offer.
DOMS Industries (NSE: DOMS) adds Reynolds assets as Q1 margins come under pressure
DOMS Industries has completed the acquisition of selected Reynolds writing-instrument assets while Q1 FY27 revenue rose 19%, creating a strategic brand opportunity just as raw-material pressure weighs on profitability.
Can Sunrakshakk Industries turn rapid FMCG expansion into Rs 1,000cr revenue?
Sunrakshakk Industries India more than doubled Q1 FY27 revenue and profit while commissioning another 1,700 MT per month soap line at Roorkee, extending its rapid transition toward FMCG manufacturing.
Colgate-Palmolive India names Manish Anandani CEO after Kenvue leadership stint
Manish Anandani will return to Colgate-Palmolive India after leading Kenvue in India and South Asia, taking charge of a business that delivered 12% sales growth in the June quarter.
Murphy USA tests two-minute White Castle platform for basket growth
Murphy USA is rolling out Automated Retail Technologies’ Just Baked platform with White Castle at selected larger stores, testing whether compact robotic foodservice can lift traffic and merchandise spending.
JD Sports (LSE: JD.) crashes 14% as US sales force ÂŁ50m guidance cut
JD Sports fell 14% after cutting FY27 profit guidance as North America sales slumped. Can JD stabilise US demand before September results?
Ross Stores lifts fiscal 2026 profit outlook after Q2 beat driven by traffic
Ross Stores lifted FY26 EPS guidance to $8.61-$8.77 as Q2 comparable sales rose 10% on traffic and tariff refunds added $253M; H2 comp guide slows to 4-7%.