Retail
Target Plans to Invest $1 Billion in 2026 to Kickstart Slumping Sales
Target is introducing digital tools to help staff complete tasks like unlocking and stocking quickly, freeing...
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Kimberly-Clark Pledges $40 Billion To Acquire Tylenol-Maker Kenvue
Kenvue’s shareholders will receive $3.50 and 0.15 Kimberly-Clark shares apiece. The deal will be finalised in the...
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Alibaba Pumps In 2 Billion Yuan For Its Instant Commerce Initiative
According to Hu Qiugen, Alibaba’s instant commerce unit’s general manager, with this technical support, each store...
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Gucci-Owner Kering To Sell Its Beauty Division To L’Oréal For 4 Billion Euros
The Gucci-parent company has agreed to sell its fragrance line, Creed, to L’Oreal. Kering has also...
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Diesel Owner OTB Group To Increase Investments In China Amid Deflationary Pressures
Despite China’s slowing growth margins due to domestic and international macroeconomic trends, Rosso emphasised that he...
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Temu Doubles EU Profit to $120M With Only Eight Employees
More than 91% of parcels came from China, where Temu and its other low-cost retailers, such...
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Primark’s Record €1.8 Billion Turnover In Spain Highlights Strong Growth Despite Falling Growth Margins
Primark’s Spain wing recorded €40.3 million in earnings, a 4% increase from the previous year. This...
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Retail Sector Rejuvenation In Vietnam
Vietnam’s government has set an ambitious goal of increasing annual retail sales and service revenue by...
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BP Eyes $10 Billion Castrol Divestment Under Elliott Pressure
BP might announce the potential divestment during its capital market day. British Petroleum (BP) is considering...
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China Shoppers Splurge For Lunar New Year Amidst Declining Consumer Expenditure
In China, consumers went on a massive shopping spree ahead of the Lunar New Year, even...
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