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Retail industry

Intuit to cut about 1,800 jobs as it looks to increase AI investments

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on...

Beijing raises duty-free limit for mainland tourists in Hong Kong to HK$16,100

Beijing has raised the duty-free shopping allowance for mainland Chinese tourists visiting Hong Kong and Macau to up to HK$16,100 (US$2,100) per trip, with...

Forever 21 seeks rent concessions as fast-fashion brand faces financial woes

While the company is facing financial difficulties, it has yet to hire advisors and isn't considering a second bankruptcy protection filing, the people said....

ACCC says proposed Chemist Warehouse merger with Sigma raises ‘competition concerns’

In short: The ACCC says Chemist Warehouse's proposed merger with Sigma Healthcare risks reducing competition, harming the pharmacy sector and consumers.Chemist Warehouse and Sigma...

Fashion firm Shein to file 50 billion pound London IPO prospectus, Sky reports

Shein sign during its opening, at ABC Serrano, on 26 April, 2024 in Madrid, Spain. Alejandro Martinez Velez | Europa Press | Getty ImagesOnline fashion...

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