Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty Macy’s, the renowned American department store chain, recently made headlines by lowering its annual profit forecast. The reason behind this unexpected move? Tariff-related uncertainty and a sense of caution prevailing among consumers. This decision comes on the heels of Macy’s success in surpassing first-quarter net revenue estimates, […]
Lufthansa Cargo speeds up bookings with AI
Lufthansa Cargo Speeds Up Bookings with AI Lufthansa Cargo, a prominent player in the air freight industry, has recently made significant strides in enhancing its booking processes through the integration of cutting-edge artificial intelligence (AI) and automation tools. This strategic move not only showcases the company’s commitment to innovation but also underscores its dedication to […]
Hoka, Uggs Owner Deckers Declines to Provide Fiscal Outlook Due to Tariff Uncertainty
Deckers, the parent company of popular shoe brands like Hoka One One and UGG, has been making strides in the footwear industry with a 6.5 percent increase in net sales in the first quarter of this fiscal year. The surge in sales can be attributed to the growing demand for Hoka footwear, known for its […]
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty
Luxury Retailer Canada Goose Withholds Annual Forecast on Tariff Uncertainty Luxury retailer Canada Goose has recently made headlines by choosing to withhold its annual forecast due to ongoing uncertainty surrounding tariffs. This decision comes on the heels of the parka maker reporting strong quarterly sales, which resulted in a notable 13 percent increase in its […]
Birkenstock Plans Price Hikes to Offset Tariffs, Sees Strong Demand
Birkenstock Plans Price Hikes to Offset Tariffs, Sees Strong Demand The iconic footwear brand, Birkenstock, is gearing up to implement a strategic move in response to the recent 10% US tariff on EU goods. The company has announced its decision to raise prices on a global scale, a bold strategy aimed at mitigating the impact […]
China’s JD.com Beats Quarterly Revenue Estimates
China’s JD.com Surpasses Expectations with Strong Quarterly Revenue Growth In the fiercely competitive landscape of e-commerce in China, industry giants like JD.com and Alibaba are constantly strategizing to stay ahead of the game. Recently, JD.com made headlines by exceeding quarterly revenue estimates, showcasing its ability to adapt to the ever-changing market dynamics. This success comes […]
Gemini wins EU approval for crypto derivatives
Gemini Wins EU Approval for Crypto Derivatives Gemini, the renowned cryptocurrency exchange founded by the Winklevoss twins, has recently achieved a significant regulatory feat in the European Union. The platform has secured approval to launch a new array of financial products, including perpetual futures and other derivatives tailored for advanced traders across Europe. This milestone […]
AMD faces a $1.5 billion loss from US chip curbs
AMD Faces a $1.5 Billion Loss from US Chip Curbs Advanced Micro Devices (AMD) has found itself in the crosshairs of US tariffs targeting its China chip sales, potentially leading to a substantial $1.5 billion loss for the company. The semiconductor giant has been navigating choppy waters due to geopolitical tensions and trade restrictions, which […]
Cyber incident disrupts services at Marks & Spencer
Cyber Incident Disrupts Services at Marks & Spencer The Easter weekend should have been a time of celebration and increased sales for Marks & Spencer, but instead, it turned into a nightmare when a cyber incident disrupted their services. The retail giant faced challenges as both its click and collect service and payment systems were […]
Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff
Temu, Shein See US Sales Surge Ahead of Small-Parcel Tariff The landscape of e-commerce is ever-changing, with new players constantly emerging and established ones striving to maintain their positions in the market. Recently, two major players in the online retail industry, Temu and Shein, have managed to capture the attention of consumers in the US […]