Italian prosecutors seek trial for Amazon EU unit in €1.2bn VAT case – report
Italian prosecutors have asked a court to put Amazon’s European unit and four managers on trial over an alleged €1.2bn…
All articles by Shubhendu Vimal
Shubhendu Vimal
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Cumberland Farms to acquire Coen Markets in north-east US expansion
Cumberland Farms, part of UK-based EG Group, has signed an agreement to purchase convenience and fuel retailer Coen Markets, widening…
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Zara owner Inditex reports profit growth in FY25
Spanish fashion group Inditex's net profit has climbed by 6% to €6.22bn ($7.18bn) in the fiscal year ending 31 January…
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Dollar General Q4 net income jumps 122.9%, sees modest 2026 sales growth
Dollar General reported a 122.9% rise in fourth-quarter (Q4) net income for the period ended 30 January 2026 and expects…
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Speciality retailer Ernesta raises $20m in Series B
US rug retailer Ernesta has secured $20m in Series B funding to support showroom expansion and technology development. The financing…
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Quince secures $500m Series E, crossing $10bn valuation
US retail platform Quince has raised $500m in a Series E funding round, bringing its post-money valuation to $10.1bn. The…
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Costco sued over refunds tied to unlawful US tariffs
Costco Wholesale is facing a nationwide class action in the US seeking refunds for customers who allegedly paid higher prices…
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Kohl’s FY25 profit rises despite lower net sales
US omnichannel retailer Kohl’s Corporation has reported higher operating and net income for fiscal year 2025 (FY25), even as net…
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Lego prepares for rising costs, expands smart bricks and Pokémon – report
Danish toymaker Lego Group is preparing for higher energy and raw material costs as oil and gas prices climb amid…
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Amazon Australia to invest over A$750m in Brisbane robotics fulfilment centre
Amazon plans to invest more than A$750m ($537.6m) in a new robotics-enabled fulfilment centre in Brisbane, Queensland, which is expected…