Company news from across global commerce: M&A, leadership changes, earnings, and corporate strategy.
Walmart-owned Flipkart will enter Indian food delivery within weeks, group CEO Kalyan Krishnamurthy told ETtech. Swiggy shares fell as much as 5.55% and Eternal dropped nearly 3% on the news.
Tractor Supply cut its full-year 2026 outlook after Q2 comparable sales fell 1.5% on weak May weather. The retailer will close about 75 Petsense stores and withdrew its long-term financial targets.
Nestlé reported 3.6% organic growth for the first half of 2026 as pricing and a coffee-led recovery lifted sales, while e-commerce reached 21.8% of group revenue. Net profit fell 31% on divestment write-downs as CEO Philipp Navratil pressed ahead with a CHF 3 billion cost program and a bottled-water joint venture.
Domino’s second-quarter 2026 revenue beat estimates but adjusted profit missed as US same-store sales rose just 0.1 percent, a one-year low. Supply-chain strength and steady order counts cushioned softer per-order spending ahead of a CEO handover.
Reliance Retail’s net profit fell 14.1% to 2,805 crore rupees in the June quarter even as revenue rose 8.2%, exposing a margin squeeze across Indian retail. Digital commerce surged 46% while the group parent posted a record first-quarter profit.
Funding Circle reported first-half 2026 revenue up 50% to about £138m and pretax profit of about £23m, nearly quadrupling year on year. FlexiPay transactions jumped 71% as the SME lender reaffirmed full-year guidance.
Watches of Switzerland Group posted record annual revenue of £1.83bn for FY26, with the United States overtaking the UK and Europe combined to become its largest market. Statutory pre-tax profit jumped 76 percent even as the group trimmed its store estate to 191 showrooms.
Levi Strauss beat second-quarter estimates, raised its full-year outlook and lifted its dividend, yet shares fell nearly 6% on July 10. Soft third-quarter guidance and tariff uncertainty drove the sell-off.
Fast Retailing raised its full-year profit forecast to a record and posted a 45.7% jump in quarterly operating profit. Yet shares in the Uniqlo owner fell as much as 5.1% in Tokyo after its CFO warned a weak yen could drag on Japan sales.
Trent shares fell about 12% on Tuesday, the biggest Sensex loser, after its Q1 business update showed revenue growth slowing to 19%, short of Street estimates. Weakness in sales per square foot at the Zudio value chain raised fears of store cannibalization and a normalizing growth engine.