Amazon cuts jobs in Selling Partner Services division
Amazon has made further redundancies within its Selling Partner Services organisation, continuing a series of workforce reductions that have spanned…
15 May 2026
Dillard’s Q1 net income rises on sales growth and litigation settlement gain
Dillard's reported higher first-quarter (Q1) net income and sales for the period ended 2 May 2026, supported by growth in comparable store sales and a gain linked to a litigation…
15 May 2026
LVMH to sell Marc Jacobs to WHP Global and G-III for $850m
Louis Vuitton and Christian Dior owner LVMH has agreed to divest fashion label Marc Jacobs to brand management company WHP Global and apparel company G-III in a transaction valued at…
15 May 2026
Burberry returns to profit as FY26 comparable sales recover
Burberry Group reported improved profitability and a return to comparable sales growth for the financial year ended 28 March 2026, supported by stronger demand in the second half and cost-saving…
15 May 2026
Inflation and higher energy costs fail to slow US retail spending
US retail sales continued to grow in April despite higher fuel prices, persistent inflation and weaker consumer confidence, showing that shoppers are still spending on key household needs. New data…
14 May 2026
Birkenstock Q2 net profit falls 22% despite revenue rise
Birkenstock reported a 22% fall in the second quarter of fiscal 2026 (Q2 FY26) net profit while saying revenue increased despite impacts from conflicts in the Middle East, tariffs and…
14 May 2026
Walmart pilots small depots for faster delivery – report
Walmart is converting vacant retail spaces into compact, neighbourhood-level stockrooms designed to accelerate home delivery across the US. The retailer has established at least three of these facilities, branded Walmart…