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JD.com’s Ceconomy concessions face criticism from rivals, sources say
2+ day, 14+ hour ago (210+ words) BRUSSELS, Sept 10 (Reuters) – JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 billion purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters. They said the European Commission,…...
UK’s John Lewis looks to harness AI agent shopping in ‘difficult economy’
1+ week, 2+ day ago (322+ words) LONDON, Sept 3 (Reuters) – John Lewis, Britain’s largest employee-owned retailer, is stepping up investment in content creation as customers increasingly find products through AI agents, seeking to keep them engaged in what it called a “difficult economy”. The department store group…...
Analysis-Chinese e-commerce moves to next phase after delivery price war changes shopping habits
1+ week, 2+ day ago (681+ words) By Sophie Yu and Casey Hall BEIJING/SHANGHAI, Sept 3 (Reuters) – China’s meal-delivery subsidy war may have ebbed but its biggest legacy could be a shift in consumer expectations, as electronics, flowers and even medicine can now be delivered within an…...
Anthropic launches AI agent blueprints for retailers ahead of holiday shopping season
1+ week, 3+ day ago (184+ words) NEW YORK, Sept 2 (Reuters) – Artificial intelligence company Anthropic is giving retailers blueprints to build shopping and merchant agents on Claude, it announced on Wednesday, as demand for internal and external conversational search tools expands ahead of the holiday shopping season....
France targets Shein and Temu with fast fashion fines
1+ week, 5+ day ago (355+ words) PARIS, Sept 1 (Reuters) – France started imposing penalties on the extreme end of fast fashion on Tuesday to try to curb a surge in sales of cheap clothing sold by e-commerce sites including Shein and Temu. The penalties – part of a fast-fashion…...
Abercrombie raises full-year sales forecast on resilient apparel demand
2+ week, 3+ day ago (148+ words) Aug 26 (Reuters) – Abercrombie & Fitch raised its full-year sales forecast on Wednesday, as demand for its apparel brands remained resilient despite weakness in international markets. Shares of the New Albany, Ohio-based retailer rose 11% in premarket trading. The company now expects full-year…...
Chinese e-commerce giant JD.com offers EU remedies in Ceconomy takeover probe
3+ week, 2+ day ago (127+ words) Aug 20 (Reuters) – Chinese e-commerce giant JD.com has offered remedies in the European Union’s probe of its $2.5 billion bid for German electronics retailer Ceconomy, according to an EU regulatory filing. • The filing did not specify the remedies offered. • The European…...
As retail stagnates, ad dollars help Walmart stay the course
3+ week, 4+ day ago (614+ words) By Nicholas P. Brown and Juveria Tabassum Aug 18 (Reuters) – As Walmart’s same-store sales growth has leveled off and a cautious annual outlook dented its stock, investors are increasingly looking to the retailer’s advertising business to support profits. Walmart Connect has helped…...