Company news from across global commerce: M&A, leadership changes, earnings, and corporate strategy.
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.
Domino’s Pizza China operator DPC Dash reached 1,550 stores across 75 cities by June 30, adding 235 net new outlets in the first half of 2026. The pace signals confidence even as same-store sales stayed negative and Chinese consumers kept spending cautiously.
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.
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.
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.