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 …
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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 …
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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, …
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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 …
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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 …
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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), …
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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 …
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Keep Britain working? New bill puts it in doubt, says retail leader
The British Retail Consortium (BRC) has warned that the UK government’s new Employment Rights Bill could undermine its own ambition …
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Eurozone retail trade slips in September 2025 as EU holds steady
Retail trade volumes in the euro area edged down 0.1% in September 2025 from August, while remaining unchanged across the …
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France moves to suspend Shein platform over prohibited goods
France has initiated proceedings to suspend the operations of online fast-fashion retailer Shein after authorities found prohibited products, including childlike …
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Amazon sues Perplexity AI for covert access to customer accounts
Amazon has filed a lawsuit against AI startup Perplexity AI, accusing the company of covertly accessing Amazon customer accounts through …
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Ahold Delhaize grows in Q3 2025 after acquisition and higher online sales
Food retailer Ahold Delhaize has reported third-quarter (Q3) 2025 net sales of €22.5bn ($25.89bn), up 6.1% at constant exchange rates. The growth …
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McDonald’s expects low-income Americans to spend less amid US slowdown
McDonald’s expects price-sensitive Americans to cut back further as a slowing US economy, sticky inflation and higher fast-food prices squeeze …
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South African clothing retailer Pepkor acquires 469 stores from Retailability
Pepkor Holdings, a clothing retailer in South Africa, has purchased several fashion brands from Retailability in a deal worth around …
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Why is Shein rubbing France the wrong way?
Shein’s ultra-fast-fashion juggernaut has hit a wall in France, where regulators, retailers and protesters are pushing back over ethics, pricing …
