Best Buy reiterates FY27 guidance after Q1 revenue and earnings rise
US-based electronics retailer Best Buy has reaffirmed its full-year fiscal 2027 (FY27) guidance after reporting higher revenue and earnings in…
29 May 2026
EC fines Temu €200m over DSA breaches tied to illegal products
The European Commission (EC) has imposed a €200m ($233m) penalty on Chinese-owned online marketplace Temu under the Digital Services Act, concluding that the retailer did not properly evaluate the risks…
29 May 2026
Costco reports higher revenues and net income in Q3
Costco Wholesale Corporation reported higher revenue, operating income and net income for the third quarter (Q3) and the first 36 weeks of fiscal 2026, supported by growth in net sales,…
29 May 2026
EU investigates possible foreign subsidies in JD.com bid for Ceconomy
The European Commission (EC) is examining whether JD.com may have received foreign subsidies that could distort the European Union (EU) internal market in its proposed acquisition of German retailer Ceconomy.…
27 May 2026
Miniso Q1 2026 profit triples to 1.25bn yuan
Chinese budget retailer Miniso’s first quarter (Q1) profit tripled year-on-year (YoY) to 1.25bn yuan ($180.9m), from 416.5m yuan in the same period last year. Revenue for the quarter rose 28.5%…
27 May 2026
EU set to open “in-depth” review of JD.com bid for Ceconomy
The European Commission (EC) is expected to launch an “in-depth” investigation into JD.com’s proposed takeover of German electronics retailer Ceconomy, the Financial Times reported, citing undisclosed sources. The report said…
27 May 2026
Retail and services drive China’s e-commerce growth in first four months of 2026
China’s e-commerce industry maintained growth from January to April 2026, with online consumption continuing to support retail sales and demand across goods and services. Citing figures published by the Ministry…