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Express records net loss of $36.8m in Q3 FY23

American fashion retailer Express has recorded a $36.8m net loss in the third quarter (Q3) of fiscal 2023 (FY23), compared …

Seven & i Holdings acquires 7-Eleven Australia

In a strategic move to solidify its foothold in the Australian convenience store market, Seven & i Holdings, the Japanese …

IKEA US lowers prices and provides employee bonuses

IKEA US has announced a $54.5m bonus payout to employees and reduced prices on hundreds of its products. The company said …

Vans owner VF Corp eliminates 500 jobs in a restructure

VF Corp, owner of shoe and apparel manufacturer Vans, has confirmed the elimination of 500 positions as part of its …

Kroger’s operating profit grows to $912m in Q3 FY23

US-based retail company Kroger has reported an operating profit of $912m in the third quarter (Q3) of fiscal 2023 (FY23), …