Etsy axes 12% of workforce despite strong second-quarter results
The restructuring is expected to be complete by the end of Q3, resulting in around $35m (£26m) in severance, employee benefits and related costs
Corporate
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Frurt continues UK expansion with new Leicester service branch
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more…
Ralph Lauren reports higher-than-expected growth in turnover and profit
Ralph Lauren closed the first quarter of its fiscal year with net revenue of $1.96 billion (approximately 1.7 billion euros), up 14% from a year earlier. Following this…
Struggling Diageo to cut costs by more than a billion
Beverage manufacturer Diageo, owner of Johnnie Walker, Smirnoff, and Baileys, plans to make significant cost cuts following a decline in revenue, while simultaneously investing in…
Ebay lifts FY outlook as luxury, collectibles and resale sales climb
Marketplace raises revenue guidance following higher earnings, improved margins and double-digit growth across key categories
Lewis bets on Guinness and RTDs in Diageo recovery strategy
Sir Dave Lewis is going deep with cost cutting at Diageo, but he is also intent on restructuring the business to unlock greater value from its portfolio, writes Ron Emler. The…
Edeka-tegut Merger - German Regulator Flags Competition Concerns
Preliminary assessment from Germany's competition regulator has identified competition concerns regarding the merger of Edeka and tegut.
Mr. Marvis breaks the 100 million euro mark and doubles profits
The Dutch pants brand Mr Marvis is doing well: in 2025, its revenue exceeded 100 million euros for the first time, and its profits doubled. Significant marketing investments…
DoorDash Projects Strong Growth As Delivery Demand Holds Firm
DoorDash forecast Q3 gross order value and core profit above Wall Street estimates after topping results for the prior three months.
Lotus Bakeries invests half a billion in growing Biscoff
Lotus Bakeries continues to grow at a double-digit rate and is launching its largest-ever investment program to expand production capacity for Biscoff: “We need to seize this…
Ralph Lauren calls for “optimism and aspiration” as profits jump 23%
Ralph Lauren has raised its full-year outlook after posting better-than-expected first-quarter results, driven by strong trading across its retail and wholesale channels…
DreamLand and Intertoys post strong results
After an eventful year, DreamLand and Intertoys are publishing their first consolidated results. CEO Koen Nolmans is pleased with the figures: he calls them a “historically strong…