US retailer Target told investors on Tuesday that its profitability will suffer in the short term as it discounts undesired items, cancels orders, and takes aggressive measures to get rid of excess inventory. The company reduced its profit margin forecast for… Read More ›
Retailer Kohl’s has revealed that it has entered into exclusive talks with retail holding group Franchise Group, which wants to buy the retailer for $60 per share. Kohl’s would be valued at around $8 billion at such a price. Kohl’s… Read More ›
After EU governments and politicians agreed on Tuesday to a single mobile charging port for mobile phones, tablets, and cameras, Apple will be required to replace the connector on iPhones sold in Europe by 2024. After corporations failed to reach… Read More ›
According to reports based on a letter and persons familiar with the matter, Russia’s Sberbank has delayed to process the first payment from Indian Potash Ltd (IPL) under a contract put up before the Ukraine war to allow IPL to… Read More ›
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