How tensions with Bangladesh are roiling India’s sari business | Business and Economy
Varanasi, India – Mohammed Ahmad Ansari has spent his entire life in the narrow and congested lanes of Varanasi, a city often described as the…
Starbucks to close underperforming stores in restructuring efforts | Business and Economy News
Starbucks says it will close underperforming stores across North America as CEO Brian Niccol pushes ahead on a company restructuring effort, which is expected to…
Online retail giant Temu ordered to pay $2M for consumer violations
The Temu and Shein e-commerce apps are displayed on a smartphone in Berlin. Whaleco Inc., operating as Temu, has been ordered by a U.S. federal…
Nestle CEO fired over undisclosed affair | Business and Economy News
Nestle has fired CEO Laurent Freixe after just one year in the job following an investigation into an undisclosed “romantic relationship”, ousting its second chief…
Walmart scoops customers from rivals but warns inventory cost is rising | Retail News
Walmart’s second-quarter results are showing that United States consumers across the spectrum are still flocking to the retailer’s stores despite economic headwinds, but its shares…
Trump says economic growth ‘shatters expectations’. Data says otherwise | Donald Trump News
The White House has launched an aggressive public relations campaign promoting a narrative of economic strength during the first six months of United States President…
Procter and Gamble to raise prices to offset tariff costs | Business and Economy News
The world’s largest consumer goods maker said it will have to raise prices on a quarter of its products starting in August.Procter & Gamble has…
US inflation from tariffs that economists feared begins to emerge | Inflation News
United States inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of…
Nutella maker Ferrero to acquire WK Kellogg for $3.1bn | Business and Economy News
Deal announced as cereal giant Kellogg struggles as consumer demand slows due to inflation.The Ferrero Group will acquire United States cereal brand WK Kellogg for…
Nike to raise costs as Trump’s tariffs on China bite | International Trade News
Nike has said it will cut its reliance on production in China for the United States market to mitigate the impact from US tariffs on…
Sneak peek inside the Netflix House retail locations
Netflix on Tuesday spilled more details about its retail stores coming to the Philadelphia and Dallas areas later this year and unveiled plans to open…
Fashion brands accused of shortcuts on climate pledges overlooking workers | Fashion Industry
A new report accuses fashion giants of not considering the welfare of workers affected by climate change in garment factories in Southeast Asia.Fashion brands including…
Target cuts annual forecast as tariffs, boycotts weigh on sales | Business and Economy
Target has slashed its annual forecasts amid a pullback in discretionary spending due to tariff-driven uncertainty and a backlash against shifts in its diversity, equity…
UK retailer M&S puts cyberattack cost at $400m as disruptions continue | Cybercrime News
Disruption from the ‘highly sophisticated and targeted cyber attack’, first reported around Easter weekend, continues.British retailer Marks & Spencer estimates that a cyberattack that stopped it…
China’s industrial output, retail sales dip amid US trade tensions | International Trade News
Despite slowdown, data points to reliance of Chinese economy in the face of Donald Trump’s tariffs.China’s industrial output and retail sales growth have slowed amid…
Largest US retailer Walmart warns of price hikes because of tariffs | Trade War News
Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives have warned in…
‘I don’t have the cash to pay for these tariffs’: US small biz suffers | Trade War
After working in the outdoor industry for three years at Smith, which makes helmets and goggles, Cassie Abel realised there were not many brands built…
Amazon allegedly mulls displaying Trump tariff costs: Report | Trade War
The White House calls the decision ‘hostile’ as the e-commerce company denies any proposal is under consideration.Amazon may soon show how much tariffs imposed by…
U.S. retail sales up a higher-than-expected 1.4% in March
April 16 (UPI) -- The U.S. Census Bureau said Wednesday that seasonally adjusted retail sales for March were an estimated $734.9 billion, an increase of…
Prada acquires rival Versace for $1.4bn despite tariff uncertainty | Fashion Industry News
Fashion brand Prada has agreed to buy its smaller rival Versace for $1.38bn from Capri Holdings, bringing together two of the biggest names in Italian…