retail industry

Why Ukraine is targeting Wildberries warehouses in Russia

11:11

Explainer

Why Ukraine is targeting Wildberries warehouses in Russia

Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.

Two-thirds of European firms favour China for efficiency despite global shifts

22:13

EU China Trade

Two-thirds of European firms favour China for efficiency despite global shifts

European companies are continuing to deepen their presence in China, with nearly seven in ten firms maintaining or expanding their supply chains despite global efforts to diversify, according to a new survey by the EU Chamber of Commerce.

Forever 21's U.S. division files for bankruptcy again

08:11

Business

Forever 21's U.S. division files for bankruptcy again

Fast-fashion retailer Forever 21’s U.S. division has filed for Chapter 11 bankruptcy for the second time in six years, citing declining mall traffic and growing competition from online retailers. The company plans to hold liquidation sales while seeking buyers for some or all of its assets.

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