Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...
20 Feb 2025
With the new year truly underway, retailers around the world are putting their game faces on for a volley of fresh challenges. From ever-changing consumer behaviors to emerging technologies, market fluctuations, and shifting regulations to convoluted trade dynamics, retailers will have to square off with a new retail game in 2025. Thriving...
31 Jan 2025
In the world of high fashion, few accessories command as much attention—or aspiration—as the Hermès Birkin bag. Prized for its exclusivity, craftsmanship, and astronomical price tag that starts in the five figures, the Birkin has become a status symbol for the elite. Yet, an unexpected contender has entered the fray: a 78 dollar bag sold on...
30 Dec 2024
US department store giant Walmart has said it is no longer expecting to hit some of its ESG targets despite making slight progress elsewhere. In its latest climate change report, the company said that while it continued to work towards the “aspirational goal of zero emissions by 2040, progress will not be linear”. Walmart cited its “trajectory...
23 Dec 2024
Consolidated third quarter revenue at Walmart of 169.6 billion dollars, increased by 5.5 percent or 6.2 percent on constant currency basis. Raising its outlook for FY25, the company said net sales to reach 642.6 billion dollars, adjusted operating income at 27.1 billion dollars and adjusted EPS of 2.22 dollars. We had a strong quarter,...
20 Nov 2024
CeraVe, the number one dermatologist-recommended skincare brand in the US, is looking to disrupt the haircare market with its first hair products targeting dandruff. Backed by L'Oréal Dermatological Beauty, CeraVe haircare is launching with five targeted scalp solutions, including two shampoos, two conditioners, and a 2-in-1, all under 10 US...
5 Nov 2024
Amazon's recent announcement mandating a return to office for its corporate employees from January 2025 has received mixed reviews from the technology sector. However, the repercussions of this decision may extend far beyond the confines of Silicon Valley, potentially reshaping the broader retail landscape. The e-commerce behemoth's push for...
19 Sept 2024
In a move that underscores the evolving landscape of global retail, Walmart has divested its entire stake in Chinese e-commerce giant JD.com for 3.6 billion dollars, as reported by the Financial Times this week. This strategic decision comes on the heels of Walmart's recent earnings report, where the company emphasised its commitment to...
22 Aug 2024
W, the men’s personal care brand founded by content creator and boxer Jake Paul, has raised 14 million US dollars in seed and series A funding, led by Shrug Capital. The men’s vitamin-infused body care brand launched in June exclusively at Walmart and Walmart.com, to offer Gen Z men a “much-needed upgrade to their personal care routines” at an...
24 Jul 2024
Cotton sustainability initiative Better Cotton has announced the winners of this year’s Member Awards in a ceremony that took place as part of the organisation’s conference in Istanbul, Turkey. In a release, CEO of the group, Alan McClay, who presented this year’s winners, said it was a “privilege” to host the event with its partners. McClay...
27 Jun 2024
US supermarket giant Walmart is set to reenter the young adult fashion space with the relaunch of its No Boundaries fashion brand. The “two billion dollar” label is focused on providing young adult fashion through a “relevant and youthful assortment” all in what the company says are new fabrications, shapes and styles. For the relaunch, Walmart...
14 Jun 2024
Content creator and boxer Jake Paul has launched a new body care brand for men called W, designed to “motivate guys to go for the win”. Launching exclusively at Walmart and Walmart.com, W aims to offer Gen Z men a “much-needed upgrade to their personal care routines,” with a vitamin-infused line-up of body care products. W launches with three...
13 Jun 2024