Amazon and OpenAI agree $38bn partnership to boost AI development
Amazon Web Services (AWS) and OpenAI have signed a seven-year, US$38bn cloud computing agreement that allows OpenAI to run core…
07 Nov 2025
Tapestry lifts outlook as Q1 FY26 sales rise 13% to $1.7bn
Tapestry, the parent company of the Coach and Kate Spade brands, has reported revenue of $1.7bn for the first quarter (Q1) of the fiscal year 2026 (FY26), up 13% year-on-year…
07 Nov 2025
Under Armour names Reza Taleghani as new CFO
US sportswear retailer Under Armour has named Reza Taleghani as its next chief financial officer (CFO), effective from February 2026. Taleghani, who has more than 25 years of international finance…
07 Nov 2025
US holiday retail sales set to surpass $1tn as “cautious” outlook prevails
The US retail industry association expects sales in November and December 2025 to rise between 3.7% and 4.2% over last year, reaching a total between $1.01tn and $1.02tn. Compared with…
07 Nov 2025
Zalando’s Q3 earnings rise as it strikes DFB deal to grow in sportswear
German online fashion retailer Zalando posted higher third quarter (Q3) 2025 earnings and announced a new partnership with the German Football Federation (DFB) to strengthen its position in the sportswear…
07 Nov 2025
Ralph Lauren posts 40% Q2 profit jump and raises 2026 margin outlook
Ralph Lauren has reported a 40% jump in profit for the second quarter (Q2) of the fiscal year 2026 (FY26), with net income climbing to $207m from $148m a year…
07 Nov 2025
UK retailers to Chancellor: fix business rates or stall growth
Independent retailers are urging Chancellor Rachel Reeves to use the autumn statement to restore business confidence, warning that uncertainty and rising costs are weighing on the UK high street and…