Birkenstock posts FY25 revenue growth of 18%
UK-based Birkenstock reported fiscal year 2025 (FY25) revenue of €2.09bn ($2.44bn) for the year ended 30 September 2025, surpassing the…
19 Dec 2025
Nike Q2 net income drops 32% amid higher North America tariffs
US sportswear retailer Nike reported its fiscal 2026 second-quarter (Q2) financial results for the three months ended 30 November 2025, posting revenues of $12.42bn. Revenue increased 1% on a reported…
19 Dec 2025
Kering sets out phased takeover plan for Raselli Franco Group
Kering has signed an agreement for the acquisition of Raselli Franco Group, an Italian manufacturer of luxury jewellery. The owner of Gucci will initially acquire 20% of the family-owned business…
18 Dec 2025
Activist investor Elliott Management acquires $1bn Lululemon stake
US-based Elliott Management has built a stake exceeding $1bn in Canadian retailer Lululemon Athletica. Reuters reports that the activist investor is preparing to push to change the company’s CEO. The hedge fund has been working for months…
18 Dec 2025
FTC launches inquiry into Instacart’s AI-led pricing tool
The US Federal Trade Commission (FTC) has begun an investigation into Instacart’s use of an AI-based pricing system, as reported by Reuters. The regulator has issued the grocery delivery platform…
18 Dec 2025
WeShop adds new US and UK retail partners to platform
WeShop has broadened its retail partner base by bringing several additional chains onto its community-owned social‑commerce platform. The latest group of retailers includes Dick’s Sporting Goods, GNC, Gilt and JTV Jewellery. They extend the US-based company’s coverage into categories such as…
18 Dec 2025
DoorDash brings grocery ordering into ChatGPT with integrated app
US food delivery service provider DoorDash has teamed up with AI company OpenAI to offer grocery shopping services inside ChatGPT. Through the integration, ChatGPT users can search for recipes, have the required ingredients converted into a shopping list, and then…