Economy

Portugal's Sonae Profit Buoyed By One-Off Gains Despite Retail Margin Squeeze

Sonae, owner of Portugal's largest food retailer, on Thursday reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset th...

China's JD.com Reports Higher Q4 Adjusted Profit

Chinese e-commerce firm JD.com Inc has reported a higher quarterly adjusted profit as China lifted strict pandemic-related curbs late last year.

Target Fends Off Holiday Gloom With Discounts, Warns On 2023 Earnings

Target Corp posted a surprise rise in holiday-quarter sales on Tuesday, buoyed by an increase in store traffic from discount-hungry Americans, even as it j...

Beyond Meat Forecasts Annual Revenue Above Estimates

Beyond Meat Inc has forecast annual revenue slightly above estimates and doubled down on cost controls at a time when persistently high inflation...

Alibaba Beats Quarterly Revenue Estimates As COVID-19 Curbs Ease

Alibaba Group Holding Ltd has reported better-than-expected quarterly revenue as the Chinese e-commerce giant benefited from the country easing COVID-...

Britain's Tesco Raises Store Workers' Pay By 7%

Tesco will raise hourly pay for about 220,000 store workers by 7% from April, another increase that will likely catch the attention of the Bank of England,...

8 Private-Label Trends To Watch Out For In 2023

ESM examines some private-label trends to keep an eye on as the year progresses.

Unilever Flags Risk It May Have To Halt Russia Operations

Unilever said 'there is a risk' that it may have to stop doing business in Russia, and that it might have to take a loss or write down its assets there.