UK CPI annual inflation rate drops to 2.3% in April 2024
The UK Consumer Prices Index (CPI) annual inflation rate has dropped to 2.3% in the 12 months to April 2024,…
All articles by Jangoulun Singsit
Jangoulun Singsit
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LVMH and Alibaba extend partnership to increase tech presence in China
Global luxury group LVMH is increasing its omnichannel, data and technological presence in China by expanding its partnership with Alibaba. …
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Target’s net earnings drop 0.8% in Q1 FY24
US retailer Target has reported that its net earnings for first quarter (Q1) of fiscal 2024 (FY24) declined by 0.8%…
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M&S reports 41.4% rise in PBT for fiscal year 2023/24
British multinational retailer Mark & Spencer (M&S) has announced a substantial increase in its financial performance for the fiscal year…
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Rakuten and eBay to trial demand for used Japanese fashion in US
E-commerce marketplace eBay has teamed up with Japanese technology company the Rakuten Group to test the US market's demand for…
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Lowe’s reports $1.8bn in net earnings for Q1 FY24
US home improvement retailer Lowe's has experienced a decrease in net earnings for the first quarter of fiscal 2024 (Q1…
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Online car retailer Cazoo files for administration in UK
British online used-car retailer Cazoo has filed for administration in the UK and appointed administrators from Teneo Financial Advisory to…
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Migros Supermarket begins restructure to cut 150 jobs
The board of directors of Swiss retailer Migros Supermarket has approved a new organisational structure, to be implemented on 1…
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lululemon makes organisational changes to support growth plans
Athletic apparel, footwear and accessories company lululemon athletica is making strategic organisational changes and implementing a more integrated structure. The…
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Macy’s reports 60% net income drop in Q1 FY24
US department store chain Macy's has reported that its net income fell by 60% to $62m in the first quarter…