Walmart aims to earn up to $3.74 billion by selling its JD.com stake
From Bloomberg Published 21 August 2024 Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com Inc., people familiar with the matter said. Bloomberg The U.S. retailer is offering 144.5…
Coty misses sales forecasts due to subdued retail orders and Lacoste license sale
From Reuters Published 21 August 2024 Coty, the parent company of CoverGirl, missed fourth-quarter sales expectations on Tuesday. The group was hit by the sale of the Lacoste perfume license and controlled orders from cautious retailers, which slowed growth in…
Tapestry quarterly profit exceeds Wall Street expectations despite sales decline
Tapestry Inc. shares rose on Aug. 15 as the handbag and apparel maker’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears. To the catwalkCoach – Spring-Summer 2024 – Womenswear – United States – New…
Nike suspends online sales in Turkey after tariff increase
From Bloomberg Published 12 August 2024 Nike Inc. has suspended online sales in Turkey through its website and mobile app, days after Turkey increased customs duties on online purchases from abroad. Reuters “We cannot guarantee our customers that their orders…
Nike suspends online sales in Turkey after tariff increase
From Bloomberg Published 12 August 2024 Nike Inc. has suspended online sales in Turkey through its website and mobile app, days after Turkey increased customs duties on online purchases from abroad. Reuters “We cannot guarantee our customers that their orders…
Nike experiences gold rush thanks to website visits and sales due to the Summer Olympics
From Reuters Published 8 August 2024 The Summer Olympics are proving to be a rare success for Nike, as the global sporting event has helped boost demand for the sportswear giant’s new products and outperform the competition, website searches by…
