Hermès Q1 revenue rises at constant rates, hit by currencies
Hermès has posted first-quarter 2026 revenue of €4.07bn ($4.80bn), up 6% at constant exchange rates but down 1% on a…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Home Depot acquires SIMPL to expand supply chain automation
The Home Depot has acquired Massachusetts-based automation and technology systems business SIMPL Automation, as the US home improvement retailer moves…
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Morrisons puts head office roles at risk amid AI and automation drive
UK-based Morrisons has placed several head office roles at risk of redundancy as part of a wider restructuring programme focused…
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Waitrose expands stores and refurbishments under £1bn plan
Waitrose & Partners is expanding its UK bricks-and-mortar estate through new shops, more franchise sites and a refurbishment drive under…
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Walmart launches Upstream Facility Services to offer maintenance services nationwide
Walmart has created a new business unit, Upstream Facility Services, to provide maintenance and facilities support to companies across the…
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Kering reports Q1 sales decline as Gucci weighs on performance
French luxury group Kering reported a drop in first-quarter sales for 2026, while pointing to signs of gradual improvement ahead…
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Instacart acquires Instaleap to expand enterprise platform overseas
Instacart has acquired fulfilment and enablement solutions platform Instaleap to extend its enterprise retail technology offering across Europe, Latin America…
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Iran tensions drag down UAE luxury retail sales – report
Luxury goods sales across the United Arab Emirates (UAE) have dropped sharply amid regional instability stemming from the Iran conflict,…
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Lululemon faces Texas probe over PFAS in products
The Texas Attorney General’s Office in the US has opened an investigation into Lululemon Athletica regarding the possible presence of…
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LVMH posts modest organic growth amid Middle East disruption
LVMH recorded revenue of €19.12bn ($22.4bn) in the first quarter of 2026, delivering 1% “organic growth” despite disruption linked to…