Retail

With son’s appointment, Mukesh Ambani sets transition stage
For years, Mukesh Ambani has studied how billionaire families passed on what they had built to the next generation.
Published On 29 Jun 2022
Cosmetics giant Revlon files for bankruptcy
It lost shelf space in US stores to startups backed by celebrities and struggled with inflation and supply chain issues.
Published On 16 Jun 2022
Instead of IPL, Amazon wants to spend money building e-com biz
Amazon wants to get its next 100 million customers from the less affluent, non-English speaking pockets of India.
Published On 16 Jun 2022
China’s economy showed recovery sparks in May but consumers wary
Industrial production rose unexpectedly in May on easing of COVID curbs but consumer spending remained weak.
Published On 15 Jun 2022

The Conference Board said on Tuesday that its consumer confidence index dipped to 106.4 in May from 108.6 in April.

Poor wages, competition from cheap shawls from mechanised mills have dealt severe blow to real pashminas for many years.

Target shares appeared to be headed for their most severe sell-off since the Black Monday market crash of 1987.

The big-box retailer cut its full-year earnings forecast, sending shares down more than 8 percent in morning trading.

Americans are continuing to spend even as inflation persists at nearly a 40-year high.

The Staten Island labour union recently claimed the first successful US organising effort in the retail giant’s history.

Etsy, Wayfair and Shopify are hurtling toward earnings reports this week in the shadow of Amazon’s deep selloff.

Tech mogul Nandan Nilekani is is working with gov’t to build a platform to help small merchants, & rein in big players.

Reliance’s decision to back out comes after almost two years of litigation as Amazon contested the takeover.

The US retail giant is following the footsteps of Walmart and Amazon, in a move to help attract lower-income shoppers.

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