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M&S reports 41.4% rise in PBT for fiscal year 2023/24

British multinational retailer Mark & Spencer (M&S) has announced a substantial increase in its financial performance for the fiscal year …

Rakuten and eBay to trial demand for used Japanese fashion in US

E-commerce marketplace eBay has teamed up with Japanese technology company the Rakuten Group to test the US market's demand for …

Walmart expands Neighborhood Market format with larger stores

Walmart is revamping its popular Neighborhood Market concept with the opening of two new, larger stores. These stores mark the first …

Why retailers must embrace automated AP in 2024

Analysts are predicting slow growth for the retail sector this year, following sales volumes in 2023 below 2019 levels. After …

Lowe’s reports $1.8bn in net earnings for Q1 FY24

US home improvement retailer Lowe's has experienced a decrease in net earnings for the first quarter of fiscal 2024 (Q1 …