retail sector News

US Job Cuts Skyrocket to 275,240 in March, Marking the Highest Since May 2020

In March, the US experienced a significant surge in job cuts, totaling 275,240, the highest since May 2020. Government positions were the most affected, with a 672% increase in cut...

Germany's Retail Sector Surges: February Sees a 4.9% Jump in Sales Year-on-Year

Germany's retail trade turnover rose by 4.9% in real terms in February year-on-year, with food and non-food sectors both showing growth. Monthly figures also indicate a positive tr...

Local Kirana Stores Challenge Quick Commerce Giants Over Unfair Practices

Local Kirana stores and FMCG distributors have petitioned the Competition Commission of India against quick-commerce platforms like Swiggy Instamart, Zepto, and Blinkit, accusing t...

February Sees a 245% Surge in US Job Cuts, DOGE Layoffs Highlight Economic Strain

In February, the US saw a 245% increase in job cuts, reaching 172,017, the highest since July 2020. Government, retail, and technology sectors were the most affected, with DOGE act...

February Witnesses a 245% Surge in US Job Cuts, DOGE Layoffs Lead the Charge

February saw a dramatic 245% increase in US job cuts, the highest since July 2020, with government, retail, and technology sectors hit hardest. Factors include DOGE actions, cancel...

Macy's Reports a 4.5% Drop in Q4 Net Sales, Totaling $7.7 Billion Amid Challenging Retail Landscape

Macy's Inc. announced a 4.53% decrease in Q4 net sales for fiscal 2025, totaling $7.7 billion, alongside a 3.58% drop in full-year sales to $22.3 billion, highlighting the challeng...

Best Buy Shares Drop 14% Following Earnings Report and Tariff Worries

Best Buy Co., Inc. saw a 14% drop in share price after reporting a 4.7% decrease in Q4 revenue and a significant fall in earnings per share, amid ongoing tariff concerns.

Swiss Retail Sales Hold Steady in January, Real Turnover Sees Modest Growth

Switzerland's retail sales remained stable in January, with nominal turnover unchanged and a slight 1.3% increase in real turnover, as reported by the Federal Statistical Office.

Unexpected Growth: Swiss Retail Sales See a 0.3% Rise in November

Switzerland's retail sales saw a 0.3% increase in November, with adjusted figures showing a 0.8% rise year-over-year, below analysts' expectations. The sector's performance indicat...

Alibaba Sells Intime Department Store Arm for $1 Billion Amid Restructuring

Alibaba Group sells its department store arm, Intime, to Youngor Fashion for 7.4 billion yuan ($1.02 billion) as part of its strategic business restructuring.

Oracle, Macy's, Adobe, and More: Key Earnings Reports to Watch This Week

This week's earnings reports will feature key insights from Oracle, GameStop, Macy's, Adobe, Broadcom, and Costco. Investors will be watching closely as these companies reveal thei...