Retail industry
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World
Luxury stocks rally from China reopening, but world’s largest luxury market may choose to shop ‘in-house’
A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free…
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World
Here’s why Nike is suing Lululemon over shoe designs
Nike is suing Lululemon for patent infringement related to at least four of the apparel company’s shoes, extending a contentious…
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World
McDonald’s is about to report earnings. Here’s what to expect
A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan…
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World
Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual…
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Walmart raises minimum wage as retail labor market remains tight
An employee arranges beauty product gift boxes displayed for sale at a Wal-Mart Stores Inc. location in Los Angeles, California.…
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World
Amazon adds generic prescription perk for Prime members
The Amazon Pharmacy home screen on a laptop computer arranged in the Brooklyn Borough of New York, U.S., on Tuesday,…
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Wayfair stock climbs after online retailer lays off 1,750 workers
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair‘s stock price jumped 20% Friday after the retail giant said it…
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World
Gen Z is driving luxury sales as wealthy shoppers get younger
Peter Cade | Stone | Getty Images Luxury shoppers are getting wealthier and younger, with purchases by some of the…
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Adidas says Berlin Fashion Week launch and co-CEO announcements are fake
Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket…
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World
How the job of Amazon delivery has changed with Rivian’s electric vans and routing software
For the 275,000 Amazon drivers dropping off 10 million packages a day around the world, the job can be a…
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