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Retail Industry News
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Nike is cutting roles but building in Bengaluru. What does Elliott Hill’s workforce reset actually change?
NIKE, Inc. is preparing further workforce reductions from 2027 as Chief Executive Officer Elliott Hill reorganises the sportswear group into three geographies, modernises its supply chain and builds a new Bengaluru campus. The multiyear Pace programme targets $2.5 billion of cumulative savings through fiscal 2031 but also carries roughly $1 billion of additional restructuring charges while revenue is expected to fall sharply this year.
Wanbury (NSE: WANBURY) launches Berrysoft Baby skincare range across India as profit falls 76%
Wanbury Skin Health Limited has introduced four baby skincare products across multiple Indian states, expanding its parent company's paediatric portfolio as declining profit margins increase the importance of higher-value branded formulations.
Frasers saved more than 1,000 Harvey Nichols jobs. Why are closures starting only weeks later?
Harvey Nichols will close its Birmingham department store in January with at least 60 jobs expected to disappear, while its Leeds and Bristol sites are being converted to Frasers Group's Flannels brand. The decisions show how quickly Frasers has moved from rescuing the luxury retailer out of administration to redesigning its store estate around locations and brands it believes can generate stronger returns.
P N Gadgil Jewellers (NSE: PNGJL) opens 81st store in Ayodhya as PNGJL targets 103 outlets by FY27
P N Gadgil Jewellers has expanded into Ayodhya with its fifth Uttar Pradesh showroom and launched its Ram Katha collection, strengthening its North India strategy after reporting 22.4% second-quarter revenue growth and 25.5% same-store sales growth.
Tesco (LSE: TSCO) lifts profit floor as ÂŁ950m buyback raises the Christmas bar
Tesco raised the lower end of FY2026/27 profit guidance after first-half adjusted operating profit increased 6.5%, while stronger free cash flow funded a larger ÂŁ950 million buyback. The next test is maintaining momentum through the crucial Christmas period.
Levi Strauss (NYSE: LEVI) raises outlook, but tariff boost complicates the signal
Levi Strauss lifted its FY2026 earnings outlook after Q3 adjusted EPS reached US$0.48, but tariff refunds contributed materially to the margin expansion while direct-to-consumer growth fell short of management's expectations.
Fast Retailing (TSE: 9983) record FY26 puts Western growth under the microscope
Fast Retailing delivered a fifth consecutive record year as North America and Europe overtook Greater China in combined UNIQLO revenue, but a roughly JPY 23 trillion valuation leaves little room for the international expansion engine to stall.
Lululemon rebuilds leadership team as sales fall and product turnaround becomes urgent
Lululemon Athletica Inc. is reorganising its senior leadership around two newly created positions as Chief Executive Officer Heidi O'Neill attempts to revive product relevance and restore growth. Maggie Gauger will become President and Chief Product Officer while Joseph Godsey joins as Chief Operating Officer, with two existing executives leaving in November. The restructuring goes well beyond appointments because Lululemon is simultaneously searching for new brand, communications, technology and strategy chiefs.
Weston family to buy Boots for $8.9bn as pharmacy giant changes hands again
Canada’s Weston family and Fairfax Financial are acquiring Boots for $8.9 billion including assumed debt, placing one of Britain’s largest pharmacy and beauty businesses under owners with deep experience across grocery, healthcare and pharmacy retail.
DMart’s revenue rises 18%, but why is profit growing only 8.5%?
Avenue Supermarts reported â‚ą19,644 crore in quarterly consolidated revenue and stronger growth at established DMart stores, but profit margins narrowed as costs increased. With 518 stores, a smaller e-commerce footprint and demanding market expectations, the next question is whether expanding sales can produce stronger earnings and cash flow.