Kohl’s Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive H1 promotions and potential hit from new tariffs.
Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
Hong Kong's political unrest is posing a dilemma for Alibaba Group on the timing of its planned $15 billion listing in the city, with sources saying the Chinese e-commerce company is now considering several timetables.
U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets' fears that the economy was heading into recession.
U.S. retailer Walmart Inc reported strong second-quarter results and raised its earnings expectations for the year, temporarily sidestepping concerns around consumer demand in the wake of tariffs on imports from China.
Warren Buffett’s Berkshire Hathaway on Wednesday said it boosted its stake in Amazon.com by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.
Condé Nast has bestowed yet another title upon Anna Wintour -- who already helms the company's flagship fashion title Vogue as editor-in-chief, in addition to performing the role of Condé Nast artistic director.