France’s regulator clears Intermarché’s acquisition of Casino stores with conditions
France’s competition regulator, Autorité de la Concurrence, has approved Intermarché’s acquisition of 200 food retail stores from Casino Group. The decision, announced on Thursday, comes ... Read More
IKEA owner Ingka Group sacrifices profit to cut prices and lead sustainability revolution
Ingka Group, the largest IKEA retailer, has reported a steep drop in net profit for fiscal year 2024, driven by its ambitious investments in affordability ... Read More
Fnac Darty gains EU approval to acquire Italian retailer Unieuro
Fnac Darty, a French retail giant specializing in consumer electronics, domestic appliances, and editorial products, has gained unconditional approval from the European Commission to acquire ... Read More
Abercrombie & Fitch beats profit expectations but rising freight costs weigh on stock
Abercrombie & Fitch Co., a leading name in retail fashion, recently delivered an impressive financial performance for its third quarter, surpassing analysts' expectations. However, despite ... Read More
Centric Brands teams up with Preston Konrad to elevate Preston Lane lifestyle brand
In a significant move to reshape the lifestyle and home-care market, Centric Brands has partnered with entrepreneur and lifestyle expert Preston Konrad to expand his ... Read More
Walmart cuts ties with controversial products in dramatic policy shift
Retailing giant Walmart has announced significant changes to its diversity, equity, and inclusion (DEI) initiatives, reflecting a response to mounting pressure from conservative activists. This ... Read More
Leslie’s reports surprise Q4 loss amid discretionary spending slump
Leslie’s, the largest direct-to-consumer pool and spa care retailer in the United States, startled investors with an unexpected loss in the fourth quarter, sending its ... Read More
Macy’s rocked by $154m accounting scandal, delays Q3 results
Macy’s Inc. has delayed its fiscal third-quarter earnings report after uncovering an alarming accounting discrepancy involving hidden delivery expenses totaling up to $154 million. The ... Read More
De’Longhi launches three espresso machines addressing major coffee trends
In a move timed perfectly with National Espresso Day, De’Longhi North America has unveiled three cutting-edge espresso machines: the Magnifica Plus, La Specialista Opera with ... Read More
Walmart de México achieves historic milestone with Bodega Aurrera expansion
Walmart de México y Centroamérica, known as Walmex, has reached a historic milestone with the opening of its 2,500th Bodega Aurrera store. Situated on Boulevard ... Read More