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After repairing its war-damaged factory, Mondelez resumes making Oreos in Ukraine

After repairing its war-damaged factory, Mondelez resumes making Oreos in Ukraine Mondelez has three factories in Russia and sells its cookies and snacks there despite boycotts and calls for it to stop.

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble

Bath & Body Works forecasts downbeat annual profit on subdued demand; shares tumble Bath & Body Works forecast full-year profit largely below market estimates on Tuesday and said it expects annual sales to drop, signaling demand for its scented candles and body care products would remain subdued amid sticky inflation.

After China, Zara expands live shopping experiment to Europe and US

After China, Zara expands live shopping experiment to Europe and US Zara will expand its live shopping broadcasts to the UK, Europe and the United States this year, testing a format that is already wildly popular in China but one with which Western shoppers are less familiar.

Target, Walmart shoppers seek home goods, grocery delivery online

Target, Walmart shoppers seek home goods, grocery delivery online U.S. online spending is experiencing a rebound, spurred by high gas prices, convenient delivery options and a surge in deals following a brief post-pandemic slump, U.S. retailers say.

Walmart, Capital One end consumer credit card agreement

Walmart, Capital One end consumer credit card agreement Capital One Financial will no longer be the exclusive issuer of Walmart-branded credit cards, the companies said on Friday, as they scrapped their agreement following disputes.

Amazon in talks with Italy to invest billions of euros in cloud plan, sources say

Exclusive: Amazon in talks with Italy to invest billions of euros in cloud plan, sources say Amazon's computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data centre business in the country as part of the tech giant's effort to boost its cloud offer in Europe, four people familiar with the matter said.

Adidas chairman Thomas Rabe re-elected until 2025

Adidas chairman Thomas Rabe re-elected until 2025 A majority of Adidas shareholders backed the re-election of chairman Thomas Rabe at the company's annual general meeting on Thursday, securing his role for a fifth year, with the German sportswear brand set to appoint a successor in 2025.

Luxury group Richemont makes Van Cleef jewellery boss new CEO

Luxury group Richemont makes Van Cleef jewellery boss new CEO Luxury group Cartier-owner Richemont announced a rejig of its top management on Friday, promoting the head of its Van Cleef & Arpels jewellery brand to group chief executive, saying it was returning to a more traditional management set-up.

Target lowering prices on 5,000 items in bid to lure more shoppers

Target lowering prices on 5,000 items in bid to lure more shoppers Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers.

Microsoft to Invest €4 Billion in French Cloud and AI Services

Microsoft to Invest €4 Billion in French Cloud and AI Services (Bloomberg) -- Microsoft Corp. plans to spend €4 billion ($4.3 billion) building cloud and AI infrastructure in France, announcing its latest major outlay on artificial intelligence technology.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Gover...

Home Depot Q1 earnings preview: Pro customers expected to offset fewer DIY shoppers

Home Depot earnings show signs of a consumer pullback US shoppers under pressure are expected to spend less at Home Depot, but the home improvement retailer may make up some of the loss with professional consumers.

Porsche to debut new hybrid 911 sports car

Porsche to debut new hybrid 911 sports car The unveiling of the Porsche 911 built with a hybrid powertrain will take place on May 28, the luxury German automaker said in an announcement on Monday.

Clorox lifts annual profit forecast on pricing benefits

Clorox lifts annual profit forecast on pricing benefits Clorox Co raised its annual profit forecast on Tuesday after beating quarterly earnings expectations, banking on effects of price hikes taken to offset escalating costs.

Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast

Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results as customers in the U.S. and international markets shell out more money for its pricey sodas and juices.

Hershey tops first-quarter estimates on higher pricing

Hershey tops first-quarter estimates on higher pricing Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.

Starbucks reports surprise drop in quarterly sales as demand falls

Starbucks cuts annual sales forecast as demand cools in key US, China markets Starbucks on Tuesday cut its annual sales forecast after reporting a fall in same-store sales for the first time in nearly three years, as it struggles with weak demand for its coffees in the United States and China, its two biggest markets.

L'Occitane's billionaire owner Geiger to take firm private in $1.8 bln deal

L'Occitane's billionaire owner Geiger to take firm private in $1.8 bln deal Hong Kong-listed L'Occitane International's chairman and controlling shareholder, Reinold Geiger, will take the skin-care firm private, giving it an equity value of 6 billion euros ($6.4 billion), the company said.

Italy's Lavazza launches bid to take machine vendor IVS private

Italy's Lavazza launches bid to take machine vendor IVS private Italian coffee maker Lavazza on Tuesday said it was investing further in the machine vending industry by acquiring a stake in machine vendor IVS for 185 million euros ($197 million) with an eye to eventually gain full control.

Amazon launches low-cost grocery delivery subscription plan in US

Amazon launches low-cost grocery delivery subscription plan in US Ecommerce giant Amazon.com launched a new grocery delivery subscription on Tuesday in the United States for members of its Prime program and customers who are recipients of the government food assistance benefits.

PepsiCo's results beat as international demand, higher prices drive growth

PepsiCo's results beat as international demand, higher prices drive growth PepsiCo beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand for its sodas and snacks like Cheetos and Doritos in international markets drove growth even as it witnessed a slowdown in the United States.

Jaguar develops energy-storage unit using Range Rover batteries

Jaguar develops energy-storage unit using Range Rover batteries Jaguar Land Rover has developed a mobile energy storage unit for sale in partnership with UK startup Allye Energy using used batteries from plug-in hybrid Range Rover models, the two companies said on Tuesday.

Nike pins hopes on Olympics to win back market share

Nike pins hopes on Olympics to win back market share Nike unveiled Olympic kits for the teams it sponsors on Thursday alongside athletes including Kenyan marathon star Eliud Kipchoge and British sprinter Dina Asher-Smith, betting that top athletes can help it win more everyday consumers.

Strong US retail sales boost first-quarter growth estimates

Strong US retail sales boost first-quarter growth estimates U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground.

Google plans to charge for AI-powered search engine, FT reports

Google plans to charge for AI-powered search engine, FT reports Alphabet's Google is considering charging for premium features on its generative AI-powered search engine, the Financial Times reported on Wednesday, citing people familiar with the plan.

Levi Strauss surges on profit forecast raise as direct customer sales, cost cuts pay off

Levi Strauss surges on profit forecast raise as direct customer sales, cost cuts pay off Shares of Levi Strauss & Co jumped 20% to a more than two-year high on Thursday as the jeans maker raised its annual profit forecast, powered by new CEO's cost-cutting initiatives and a focus on direct-to-customer (DTC) sales.

Target shopper data, streaming TV ads are key to its sales

Target shopper data, streaming TV ads are key to its sales While streaming a favorite TV show as her baby naps, an ad for Enfamil NeuroPro infant formula pops on a new mother's screen.

Home Depot bulks up Pro-business with $18.25 bln deal for building products supplier SRS

Home Depot bulks up Pro-business with $18.25 bln deal for building products supplier SRS Home Depot will buy building materials supplier SRS Distribution in an $18.25 billion deal, in the top U.S. home improvement chain's largest acquisition, as it looks to broaden its professional customer base to better tackle tepid demand.

Elliott's Cohn says Etsy offers significant, multi-year upside for investors

Elliott's Cohn says Etsy offers significant, multi-year upside for investors Elliott Investment Management's managing partner Jesse Cohn said on Wednesday he believes e-commerce platform Etsy will generate "significant, multi-year upside."

Cheerios maker General Mills tops quarterly estimates on higher product prices

Cheerios maker General Mills tops quarterly estimates on higher product prices General Mills topped market expectations for third-quarter sales and profit on Wednesday, backed by higher prices for its breakfast cereals, snack bars and pet food products that helped cushion a blow from slowing demand.