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UNITED STATES

Wal-Mart reports stronger US sales; shares jump
Wal-Mart reports stronger US sales; shares jump

US retail giant Wal-Mart reported slightly higher quarterly sales on Thursday and said better-than-expected earnings reflected the benefits of heavy investment to boost worker salaries and improve the shopping experience.

20 May 2016

UNITED STATES

eBay uncorks online wine shop
eBay uncorks online wine shop

SAN FRANCISCO - Online commerce colossus eBay on Thursday opened a virtual wine shop...

3 May 2016

UNITED KINGDOM

Pedestrians walk past the entrance to a BHS store on Oxford Street in central London on 25 April 2016.
UK retailer BHS calls in administrators, with 11,000 jobs at risk

LONDON - BHS, the owner of department stores across Britain, has called in outside help to rescue the struggling firm from potential closure and the loss of around 11,000 jobs, administrators said on Monday...

26 Apr 2016

FRANCE

People walk past the logo of electrical goods retailer Darty shop in La Defense near Paris, France, last week. Image credit:
Fnac fires final $1.3bn shot in Darty bid battle

PARIS - French retailer Fnac raised its offer for Darty on Monday to about £900m ($1.3bn) in a final bid to win Europe's largest electronics retailer in a battle with SA's Steinhoff...

By Dominique Vidalon 26 Apr 2016

INDIA

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Coca-Cola sales fall on strong dollar, weak Europe demand

BENGALURU - Coca-Cola's sales fell for the fourth straight quarter as demand for its fizzy drinks declined in Europe and a strong dollar eroded the value of sales in markets outside the US, including Latin America...

By Yashaswini Swamynathan 21 Apr 2016

UNITED STATES

PepsiCo's quarterly net income dropped to $931 million in the first three months of the year (AFP Photo/Justin Sullivan).
PepsiCo first quarter net profits drop

NEW YORK - Non-alcoholic beverage giant PepsiCo Inc reported on Monday a first quarter drop in profits and the sixth consecutive drop in sales blamed on a strong dollar...

19 Apr 2016

CHINA

Alibaba expands in Southeast Asia with $1bn deal
Alibaba expands in Southeast Asia with $1bn deal

SHANGHAI - Chinese e-commerce giant Alibaba will acquire a controlling stake in leading Southeast Asian online shopping platform Lazada for $1bn, it said on Tuesday as Jack Ma's company seeks to expand outside its home market...

13 Apr 2016

UNITED STATES

Ailing e-commerce site Groupon gets $250m infusion
Ailing e-commerce site Groupon gets $250m infusion

WASHINGTON - Groupon, the daily deals e-commerce operator which has been struggling since a hot public share offering, said Monday it received a $250 million investment from a private investment fund...

5 Apr 2016

FRANCE

Image source:
Anthony Vaccarello named creative director of Yves Saint Laurent

PARIS - Belgian designer Anthony Vaccarello took over on Monday as creative director of Yves Saint Laurent, three days after the departure of the hugely influential Hedi Slimane...

5 Apr 2016

INDIA

India sets rules for foreign investment in e-commerce sites
India sets rules for foreign investment in e-commerce sites

NEW DELHI - India has set rules for foreign investment in online marketplaces, allowing up to 100 percent overseas ownership and providing much-needed clarity as billions of dollars pour into the country's fast-growing e-commerce sector...

1 Apr 2016

GERMANY

'Nazi' beer (via Twitter)
Image source:
German brewer withdraws 'Nazi beer' label

BERLIN - A Bavarian brewer has sparked outrage in Germany by producing a "Border Fence" label that appears to use Nazi symbols to criticise the mass refugee influx...

24 Mar 2016

GERMANY

'Nazi' beer (via Twitter)
Image source:
German brewer withdraws 'Nazi beer' label

BERLIN - A Bavarian brewer has sparked outrage in Germany by producing a "Border Fence" label that appears to use Nazi symbols to criticise the mass refugee influx...

24 Mar 2016

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