Armani heirs favour IPO amid talks over initial 15% stake – report
The heirs of late fashion designer Giorgio Armani favour an eventual initial public offering (IPO) rather than a sale as…
06 Nov 2026
CVS Health plans standalone retail pharmacy business by 2028
CVS Health plans to separate into two independent, publicly traded companies in the first half of 2028, with its retail network of approximately 9,000 stores becoming a standalone business. The…
06 Nov 2026
Australia’s David Jones collapses into administration
Australian department store David Jones has entered voluntary administration and receivership after rent negotiations with landlord Westfield collapsed, placing its 38 locations in doubt. The retailer's board and private equity…
06 Nov 2026
Walmart expands drone delivery with 300 Zipline locations
Walmart has agreed to a multi-year partnership with drone delivery company Zipline to add 300 delivery locations across the US, widening its national drone logistics operation. The deployment builds upon…
06 Nov 2026
UK proposes mandatory human rights checks for retailers
Proposed legislation would require large businesses to identify and address human rights risks in their supply chains, while giving regulators powers to withdraw goods linked to forced labour from the…
05 Nov 2026
M&S H1 profit rises following post-cyberattack sales recovery
UK retailer Marks & Spencer (M&S) reported statutory profit before tax of £355.1m ($477.9m) for the first half (H1) of 2026, compared with £3.4m a year earlier, after recovering from…
05 Nov 2026
Wayfair returns to profitability as quarterly revenue rises
US online home goods retailer Wayfair returned to net profitability in the third quarter (Q3) of 2026 as total net revenue rose 9.7% to $3.42bn, led by US growth. For…