Ralph Lauren Raises Annual Outlook Despite Shares Falling on Slower Growth Forecast
Ralph Lauren raised its full-year revenue and operating margin forecasts on Thursday, supported by strong demand in North America and Asia. However, its shares fell around 3% in early trading after the company projected...
McDonald’s US Sales Decline as Consumers Cut Back on Dining Out
McDonald’s reported a bigger-than-expected decline in US comparable sales for the third quarter as financially strained consumers reduced spending on dining out, marking the burger chain’s first sales drop in six quarters. Comparable sales...
DoorDash to Acquire Instacart in $17 Billion Deal
DoorDash has announced plans to acquire Instacart in a deal valued at approximately $17 billion, strengthening its position in the rapidly growing US grocery delivery market. The agreement offers Instacart shareholders $65 per share,...
Shein Agrees to Pay $100 Million to Settle US FTC Probe
Chinese-founded fast-fashion retailer Shein has agreed to pay $100 million to settle an investigation by the US Federal Trade Commission (FTC) over delivery delays and other customer complaints, according to a source familiar with...
Albertsons Seeks Over $8 Billion in Damages From Kroger Over Failed Merger
US grocery chain Albertsons Companies began presenting its case against rival Kroger on Monday, seeking more than $8 billion in damages over the collapse of their proposed $24.6 billion merger in 2024. Albertsons alleges...
Albertsons Withdraws 2026 Forecasts as Grocer Launches Turnaround Plan
Albertsons (ACI.N) has withdrawn its fiscal 2026 financial forecasts as the US grocery retailer launches a comprehensive business review aimed at cutting costs, lowering prices and reversing sluggish sales. The company is facing cautious...
Gopu Nandilath: Four Decades of Vision, Growth and Trust
With extraordinary foresight, relentless drive and an instinctive understanding of consumer aspirations, Gopu Nandilath has transformed a modest 3,000 sq ft electronics store into an expansive retail empire. Today, Gopu Nandilath G-Mart commands a...
VPN IBE Awards 2026 Rewards Excellence and Leadership
The prestigious Manappuram VPN IBE Awards 2026 was held on June 23, 2026, at the Gokulam Park Hotel & Convention Centre, Kochi, honouring distinguished personalities who have made remarkable contributions to business, technology, retail,...