French Senate inquiry hits out at large retailers
The French Senate has accused the country's largest grocers of engaging in "predatory practices" against manufacturers and farmers. In its…
22 May 2026
Morrisons to shut 100 convenience stores amid losses – report
UK supermarket chain Morrisons has announced the closure of 100 convenience stores, blaming sustained financial losses and mounting costs linked to government policy decisions. The stores earmarked for closure form…
22 May 2026
Ralph Lauren posts 17% revenue rise in Q4 as Asia leads growth
US luxury lifestyle retailer Ralph Lauren closed fiscal 2026 (FY26) with fourth-quarter (Q4) net revenue of $1.97bn for the period ended 28 March 2026, lifted by strong regional performance and…
22 May 2026
Estée Lauder and Puig end merger talks
US-based Estée Lauder Companies and Spanish fragrance and beauty group Puig have ended discussions over a potential business combination, with neither party offering a formal explanation for the breakdown. The…
22 May 2026
TJX raises annual forecast after Q1 net income jumps 28.5%
TJX Companies raised its full-year outlook after first-quarter net income rose 28.5% year on year, helped by stronger sales, higher margins and customer traffic across all divisions. The off-price retailer…
22 May 2026
Walmart Q1 revenue rises 7.3%, maintains fiscal 2027 outlook
Walmart has reported revenue of $177.75bn in the first quarter of fiscal 2027 (Q1 FY27), supported by continued e-commerce expansion and higher membership income. Net sales increased 7.1% year-on-year (YoY)…
22 May 2026
US tax debate draws retail sector focus
Retail businesses and supply chain groups are closely watching tax discussions in the United States as lawmakers review how recent tax cuts have affected workers, household income and business activity.…