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Europe’s largest food retailer Carrefour on Wednesday (Feb 18) vowed to grow its cash and profitability, aiming for an operating margin of 3.2 per cent in 2028 and 3.5 per cent by…
Carrefour aims for one billion euros (S$1.5 billion) in annual cost cuts as part of CEO Alexandre Bompard’s new plan to boost profits and refocus on its core markets of France,…
Discounting has been part of retail’s toolkit for decades, and it can be effective, especially during high-stakes shopping seasons. But as promotions become more frequent across the…
Adidas reported stronger-than-expected fourth-quarter profits and announced a fresh share buyback, as it looks to maintain its momentum with retro sneakers – alongside new running…
PARIS — The cost of maintaining production capacities and jobs without asking for subsidies for reduced hours is clear at the Swatch Group, which published 2025 figures on Friday. The…
Gold hovered near a two-week low on Tuesday (Dec 30) that it touched in the previous session, as year-end profit-taking caused all precious metals to stage a broad pullback from record…
PVH Corp.’s third-quarter profits slipped, but topped expectations as Stefan Larsson continued on the next leg of his journey, resetting Calvin Klein and Tommy Hilfiger while transforming…
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool Gold edged lower in early Asian trading on Tuesday (Dec 2) after it touched a…
Tesla faces potential US$26 billion profit hit if it loses its appeal over Musk’s pay ruling Tesla’s gaudy US$1 trillion executive-compensation package for CEO Elon Musk has obscured a…
Nomura Holdings is investigating its India fixed-income business, asking senior officials in its rates division to determine whether profits were inflated in recent years, according to…
They are looking to offset pressure on profit margins from lower interest rates, higher costs and intensifying competition Australia’s biggest banks are ramping up efforts to reduce their…
[BEIJING/SHANGHAI] Four of China’s largest five state-owned banks reported steady profits on Thursday (Oct 30), but their margins came under pressure from a prolonged property slump and…
The US$1.2 trillion firm is a giant non-bank lender in its own right, with credit dominating flows in the third quarter Blackstone sent the strongest signal yet that private equity…
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring stocks and a return to more dealmaking after a long…
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23) announced sliding net profits as it set aside a…
UNITED Airlines reported a slight dip in profits on Wednesday as operating expenses ticked higher, adding that a strengthening demand outlook would boost fourth-quarter results. The big US…
Electricity prices in Thailand have long been a political and economic flashpoint, with frequent allegations of corruption and favoritism benefiting well-connected companies. This week,…
Levi Strauss & Co. is riding the denim cycle higher — and continuing to bust out of its traditional role as a men’s jeans brand. Adjusted third-quarter profits inched up 1.5 percent to…
G-III Apparel Group is feeling the pinch of higher tariffs — and taking a more cautious stance to the back half of the year because of it. But Morris Goldfarb, chairman and chief executive…
Shein’s British business made £2.1 billion (S$3.7 billion) in sales in 2024, a 32.3 per cent increase from the previous year, a filing by the online fast-fashion retailer showed early on…
For decades, the plastic crisis has always felt far away, whether through time or across distance. But unfortunately, we’re no longer talking about environmental pollution “out there” in…
Ralph Lauren Corp. charged past first-quarter expectations and raised its outlook for the full fiscal year, even with some trepidation over how consumers will react to the impact of higher…
ExxonMobil reported a drop in second-quarter profits on Friday (Aug 1) as the hit from lower crude prices more than offset a boost from higher oil and gas production. The petroleum…
Profits of Japanese firms are likely to fall this year because of US tariffs, leading them to downgrade capital expenditure plans, the central bank said on Friday (Aug 1), signalling…
