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French sports retailer Decathlon names Barbara Martin Coppola as new group CEO

French sports retailer Decathlon names Barbara Martin Coppola as new group CEO

French sports retailer Decathlon named 45-year old Barbara Martin Coppola, a former executive at companies such as IKEA and Google, as its new global chief executive.
Fashion
Tommy Hilfiger names winners of Fashion Frontier Challenge

Tommy Hilfiger names winners of Fashion Frontier Challenge

​PVH’s Tommy Hilfiger has named the winners of its third Fashion Frontier Challenge, the dedicated global programme designed to “find and support ideas that lead to a more inclusive fashion landscape”.
Fashion
France imposes fines on Facebook Ireland and Google

France imposes fines on Facebook Ireland and Google

France's CNIL data privacy watchdog said on Thursday it had fined Google 150 million euros ($169.38 million) and Facebook Ireland 60 million, saying the U.S. technology giants had made it difficult to refuse cookies.
Tencent raises $3 bln by trimming stake in Shopee-owner Sea

Tencent raises $3 bln by trimming stake in Shopee-owner Sea

Chinese gaming and social media company Tencent Holdings Ltd has raised $3 billion by selling  shares in Sea, which owns e-commerce firm Shopee, according to a term sheet seen by Reuters on Wednesday.
China's market regulator fines Alibaba, Tencent for failing to report deals

China's market regulator fines Alibaba, Tencent for failing to report deals

China's top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd, Tencent Holdings Ltd, and Bilibili Inc for failing to properly report about a dozen deals.
CBRE unit to buy warehouses in U.S., Europe in $4.9 bln deal

CBRE unit to buy warehouses in U.S., Europe in $4.9 bln deal

CBRE Investment Management said on Tuesday it would purchase several logistic assets in a deal valued at $4.9 billion, making it the latest company to capitalize on demand for warehouses.
UK consumers upped borrowing in November by most in 16 months

UK consumers upped borrowing in November by most in 16 months

British consumers increased their borrowing in November by the most since July 2020, a sign of an early Christmas spending spree by shoppers before the Omicron coronavirus variant hit the country.
Pound weakens after Britain warns of Omicron "tidal wave"

Pound weakens after Britain warns of Omicron "tidal wave"

Sterling traded lower on Monday after British Prime Minister Boris Johnson warned of a "tidal wave" of the Omicron coronavirus variant.
Cyber Monday sales expected to slow as US shoppers see fewer deals

Cyber Monday sales expected to slow as US shoppers see fewer deals

U.S. retailers are estimated to generate online sales of up to $11.3 bn on Cyber Monday, a decline from a year earlier as fewer discounts and limited choices due to global supply chain disruptions deter shoppers.
Fashion
Walmart's longtime CFO to depart

Walmart's longtime CFO to depart

The American retail giant announced on Monday that executive vice president and chief financial officer Brett Biggs will be leaving after 22 years with the company.
Fashion
Asian shares down as Alibaba's slide reignites China worries

Asian shares down as Alibaba's slide reignites China worries

Asian shares fell on Friday as disappointing earnings from Chinese e-commerce giant Alibaba heightened worries about Beijing's broad regulatory crackdown and slowing growth in the world's second-biggest economy.
China's Alibaba kicks off final hours of Singles' Day shopping event

China's Alibaba kicks off final hours of Singles' Day shopping event

Celebrity virtual appearances and flashy deals kicked off Alibaba Group Holding Ltd's final 24 hours of its Singles' Day shopping event on Thursday, hoping to draw shoppers as it preaches sustainability this year.
Retailers lose love for Asia: Snarled supply chains force manufacturing exodus to Balkans, LatAm

Retailers lose love for Asia: Snarled supply chains force manufacturing exodus to Balkans, LatAm

Major clothing and shoe companies are moving production to countries closer to their U.S. and European stores, smarting from a resurgence in cases of coronavirus in Asia that slowed production earlier this year.
Pinterest forecasts strong sales as ad spending booms

Pinterest forecasts strong sales as ad spending booms

Pinterest Inc forecast fourth-quarter revenue growth in the high-teens percentage range, after online retailers splurging on ads before the holiday season helped the image-sharing company beat quarterly estimates.
Retailers dream of a glitzy Christmas, even as supply chain snarls loom

Retailers dream of a glitzy Christmas, even as supply chain snarls loom

Many consumers are entering the holiday season with more disposable income, but retailers are up against a supply chain crisis that has left them scrambling to stock enough partywear, among other things.
Alphabet beats sales estimates, posts record profit again on Google ad surge

Alphabet beats sales estimates, posts record profit again on Google ad surge

Google owner Alphabet Inc on Tuesday beat expectations for third-quarter revenue, a positive sign that its advertising business is overcoming new limits on tracking mobile users.