Company news from across global commerce: M&A, leadership changes, earnings, and corporate strategy.
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.
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.
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.
Debenhams Group, the retailer formerly known as Boohoo, narrowed its annual pre-tax loss to £108m and lifted adjusted EBITDA to £53m for the year to February 2026. The results confirmed its shift to an online marketplace model is restoring profitability, and that PrettyLittleThing will stay in the group after returning to profit.
Debenhams Group, still legally Boohoo, has subleased its idle 1.1 million square foot US distribution centre to ID Logistics. The deal triggers a £40m non-cash credit and mitigates roughly $100m of future lease costs.
Driven Brands beat first-quarter 2026 estimates with revenue up 8% to $484.4 million as Take 5 Oil Change logged a 23rd straight quarter of same-store growth. Shares rose as the company reaffirmed full-year guidance and pressed on with deleveraging.
Chewy beat first-quarter profit estimates with net sales up 7.7% to $3.36 billion and 21.5 million active customers. But the online pet retailer cut its 2026 sales outlook, citing cooler consumer spending, and the stock slipped.
J.Jill’s first-quarter fiscal 2026 sales fell 6% to $144.4 million and net income more than halved as tariffs squeezed gross margin to 68.3%. The women’s apparel brand reaffirmed its full-year outlook while trimming planned store growth and capital spending.
Designer Brands shares fell about 16% after first-quarter sales rose 1.4% but the DSW parent reaffirmed soft 2026 EPS guidance. A 240-basis-point margin gain and a 19.4% brands-unit surge were not enough to satisfy investors.
Academy Sports and Outdoors beat Wall Street expectations for the first quarter of fiscal 2026, with net sales up 6.7% to $1.44 billion and comparable sales returning to growth. The sporting goods retailer raised the low end of its full-year guidance and lifted its dividend.