Best Buy reiterates FY27 guidance after Q1 revenue and earnings rise
US-based electronics retailer Best Buy has reaffirmed its full-year fiscal 2027 (FY27) guidance after reporting higher revenue and earnings in…
All articles by Kuldeep Jha
Kuldeep Jha
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EU investigates possible foreign subsidies in JD.com bid for Ceconomy
The European Commission (EC) is examining whether JD.com may have received foreign subsidies that could distort the European Union (EU)…
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Miniso Q1 2026 profit triples to 1.25bn yuan
Chinese budget retailer Miniso’s first quarter (Q1) profit tripled year-on-year (YoY) to 1.25bn yuan ($180.9m), from 416.5m yuan in the…
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EU set to open “in-depth” review of JD.com bid for Ceconomy
The European Commission (EC) is expected to launch an “in-depth” investigation into JD.com’s proposed takeover of German electronics retailer Ceconomy,…
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Kering to purchase minority stake in Chinese luxury brand Icicle
Gucci owner Kering has agreed to acquire a minority stake in Chinese luxury brand Icicle Fashion Group. The deal is…
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Ikea retailer Ingka Group plans to cut 800 jobs in simplification push
IKEA retailer Ingka Group has said it could remove around 800 roles from its Group functions as part of a…
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Australian luxury retailer Zimmermann names new CEO
Australian luxury fashion retailer Zimmermann has named Roberto Eggs as its next CEO, effective 1 May 2026. He will replace…
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French court upholds ruling blocking suspension request against Shein
France’s Court of Appeal in Paris rejected the state’s bid to suspend Chinese online retailer Shein’s marketplace. The decision upholds…
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NRF projects US retail sales to rise 4.4% in 2026
The National Retail Federation (NRF) expects US retail sales in 2026 to increase 4.4% from 2025, reaching $5.6tn. The outlook…
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Mike Ashley’s Frasers acquires nearly 6% stake in Puma
Frasers Group has taken a 5.8% stake in sportswear company Puma, largely through derivatives, according to filings with German authorities.…