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Shein will struggle to justify $40-50 billion Hong Kong IPO valuationRevenue rose 8% to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. In the first quarter of this year, the fast fashion r...
Global Market: Shein slips to quarterly loss as US tariff changes weigh on sales ahead of Hong Kong IPOFast-fashion giant Shein reported a $99 million loss in Q1 2026, hit by slowing sales after the US ended duty exemptions for low-value impo...
Brands see strong consumer appetite this festive season despite war-led woesIndian consumers show resilient demand for aspirational and premium goods this festive season. Inflation and supply disruptions have not si...
Lodha Developers aims 20% profit growth in FY27 to Rs 4,100 croreLodha Developers clocked a 4% year-on-year uptick in sales bookings in April-June 2026-27, translating to Rs 4,630 crore. With plans to int...
Tamil Nadu cracks down on liquor overcharging, repeat offenders face dismissalTamil Nadu has introduced strict new rules for state-run liquor outlets. Staff overcharging above the Maximum Retail Price will face progre...
Mumbai man orders iPhone 14 but allegedly receives beard growth oil instead; Flipkart and third-party seller ordered to refund Rs 2.14 lakhA district consumer commission ordered Flipkart and a seller to refund over two lakh rupees. The Powai resident ordered an iPhone but recei...
Hyderabad emerges as India's next retail hotspot as developers, brands place big betsHyderabad is becoming a major retail investment destination with new malls planned. Developers are building over twenty destination and nei...
Elixiir Foods introduces its first retail venture FreshTerra, backed by $9 million seed fundingElixiir Foods has launched its first FreshTerra retail store in Gurugram. The company plans to open twelve to fifteen more stores by FY28. ...
Offline Zinda Hai: Why retailers are betting big on outletsIndia's largest retailers are opening thousands of new physical stores across the nation. This expansion targets emerging consumer markets ...
HSBC sells Singapore insurance unit to Allianz in $2.1 billion dealHSBC will sell its Singapore life and health insurance business to Allianz. This deal is valued at S$2.7 billion and is expected to close i...
UK fintech Revolut valuation soars to $115 billionBritish digital bank Revolut, whose growth has exploded in recent years, reached a valuation of $115 billion Wednesday following a secondar...
Reliance launches AJIO Beauty to capture India's booming marketReliance Retail has launched AJIO Beauty, expanding its beauty business. This move integrates cosmetics and personal care onto its fashion ...
Nike to tighten online sales in China amid 'fragmented' marketplaceNike is restricting online sales by distributors in China. This move aims to rebuild shopper trust and sell products at full price. Key ret...
Quick commerce leverages cart clout to draw higher margins from companiesQuick commerce platforms are increasing demands for higher margins and marketing funds. Consumer goods companies face rising costs for bett...
Charting the Global Economy: US CPI cools, China growth slowsUS inflation data eased in June, prompting investors to lower interest rate hike bets. China's economy slowed more than anticipated, increa...
India’s food processing sector a US $600 billion opportunity by 2030; Quick Commerce a game changer: Deloitte–FICCIIndia's processed food market is projected to reach six hundred billion dollars by 2030. Rising incomes and urbanization are driving this s...
US retail sales lose steam in June as consumers pull backIn June, US retail sales experienced a modest uptick, signaling a slowdown in consumer spending. This increase was markedly weaker compared...