Etsy to axe 12% of workforce under restructuring drive
Etsy has approved a restructuring plan under which the US e-commerce company will cut its workforce by around 220 roles,…
06 Aug 2026
Capri reports lower first-quarter sales, updates outlook
Capri Holdings, the parent company of Jimmy Choo and Michael Kors, posted first-quarter fiscal 2027 earnings ahead of expectations despite a year-on-year (YoY) sales decline while trimming its full-year outlook.…
06 Aug 2026
Reliance Retail acquires Furrl technology for AI shopping push
India’s Reliance Retail has acquired Furrl’s technology, including its AI styling engine and commerce app, to expand AI use across its consumer businesses. Financial terms were not disclosed. Furrl said…
05 Aug 2026
US court overturns Amazon injunction against Perplexity AI
A US appeals court has overturned an injunction that had temporarily stopped Perplexity from using its AI-powered shopping tools on Amazon’s platform. The dispute centres on Perplexity’s Comet browser, whose…
05 Aug 2026
Zalando trims FY26 outlook despite strong Q2 revenue growth
German online fashion retailer Zalando reported second-quarter group revenue of €3.42bn ($3.94bn), a 20.8% increase, while narrowing its full-year guidance. Gross merchandise volume (GMV) for the three months to 30…
05 Aug 2026
Wayfair narrows quarterly loss on strong US revenue growth
Online home goods retailer Wayfair posted net revenue of $3.51bn for the second quarter ended 30 June 2026, marking a 7.5% rise on the same period last year. The US…
05 Aug 2026
Sycamore Partners nears $350m sale of Hot Topic – report
Sycamore Partners is in advanced discussions nearing a deal to sell retailer Hot Topic to Spencer Spirit Holdings for approximately $350m, Bloomberg reported, citing unnamed sources. If the deal proceeds,…