Breaking news, industry updates, and the latest developments shaping global retail, e-commerce, and commerce technology.
General Mills reported a $2.1 billion fourth-quarter operating loss on non-cash goodwill and Brazil charges, even as adjusted operating profit rose 13 percent in constant currency. The July 1 results point to flat volumes, a cost-savings drive, and fresh pressure on grocery shelves from private label.
Three fresh regulatory signals point to the EU consolidating a two-track marketplace regime, binding commitments plus a customs cost stack, on China-founded platforms. The pattern suggests Shein and Temu face binding commitments or a second penalty before year-end 2026.
MINISO authorized a fresh HK$2 billion (about USD 255 million) share repurchase program that begins June 30, telling investors its stock trades below intrinsic value. The move follows a year in which the Chinese variety-store group nearly exhausted a prior buyback while its New York-listed shares fell toward a 52-week low.
The 200 million euro Temu fine and Shein’s open DSA case point to a sustained enforcement posture, not a one-off. The pattern suggests a second major penalty on a Chinese marketplace is likely before the end of Q1 2027.
The CBI’s June Distributive Trades Survey shows UK retail sales volumes falling at their sharpest annual rate in over a year, with trade judged the weakest for the season since early 2024. Stalled consumer confidence, sticky inflation and a 3.75% Bank Rate leave retailers facing a gloomy start to summer.
Wise FY26 results show cross-border volume up 31% to $243.5 billion as the company cut its take rate to 0.52%. Net revenue rose 19% to $2.5 billion and pre-tax margin reached 26%, the first full year since its Nasdaq move.
Microsoft confirmed a worldwide Xbox price increase from August 1, with consoles up USD 100 to 150 as the AI memory crisis reaches retail. Apple signaled iPhone hikes the same day, sending both stocks lower ahead of the 2026 holiday season.
H&M’s first-half report showed second-quarter operating profit rising 11% to SEK 6.6bn, with the margin reaching 12% before one-time costs, ahead of analyst forecasts. Net sales were broadly flat in local currencies as the retailer kept closing stores and tightened inventory.
UK retail sales volumes rose 1.2% in May 2026, well ahead of the 0.5% economists expected, as a near-record warm month and heavy promotions revived spending. Online retailers led the rebound, lifting the internet’s share of sales to 28.8%.
AO World’s full-year results show revenue up about 11% to roughly £1.26bn and adjusted profit near £50m. Founder John Roberts says the online electricals retailer is just getting started on a five to 10 year plan.