Macy’s Trims Sales Outlook After Holidays Didn’t Deliver Macy’s, a retail giant, recently made headlines as it adjusted its sales forecast for the current quarter. The move came as a surprise to many in the industry and signaled that the company’s expectations for a robust holiday season may have been overly optimistic. Despite the festive […]
Why Japanese E-Commerce Giant Rakuten Is Betting Big on AI
Why Japanese E-Commerce Giant Rakuten Is Betting Big on AI In the ever-competitive world of e-commerce, staying ahead of the curve is not just an advantage but a necessity. Japanese e-commerce giant Rakuten understands this well, which is why they are placing a significant bet on artificial intelligence (AI) to propel their business to new […]
TikTok Ban Fears Drive US Users to Other Chinese Apps
TikTok Ban Fears Drive US Users to Other Chinese Apps The recent uncertainty surrounding TikTok’s future in the United States has triggered a significant shift in the app landscape. With the looming possibility of a ban on the popular video-sharing platform, American users are actively seeking alternative options, leading to a notable surge in the […]
Worldview: Russian Billionaire Founders Feud Over E-Commerce Giant Wildberries
Worldview: Russian Billionaire Founders Feud Over E-Commerce Giant Wildberries In the fast-paced world of e-commerce, clashes between founders are not uncommon, but when it involves Russian billionaire founders feuding over a giant like Wildberries, the stakes are undeniably higher. This week’s round-up of global markets fashion business news not only sheds light on this intense […]
Apple’s new app fees face EU antitrust scrutiny
Apple’s New App Fees Face EU Antitrust Scrutiny Apple, the tech giant known for its innovative products and services, is once again in the spotlight. This time, the European Union regulators have turned their attention to Apple’s app fees, raising concerns about potential antitrust issues. The EU is investigating whether Apple’s fees could be forcing […]
Shein Aims for London IPO by Mid-Year, Sources Say
Shein Aims for London IPO by Mid-Year, Sources Say Shein, the popular Chinese fast-fashion e-commerce platform, is reportedly setting its sights on launching an initial public offering (IPO) in London by mid-year. This ambitious move comes as the company seeks to expand its global presence and solidify its position in the competitive online retail market. […]
Supreme Court Signals It’s Likely to Uphold TikTok Ban in US
Supreme Court Signals It’s Likely to Uphold TikTok Ban in US The ongoing battle between national security and free speech has reached a pivotal moment as the Supreme Court signals its inclination to uphold the ban on TikTok in the United States. A majority of the justices have indicated that they view US national security […]