Godiva Chocolatier, has agreed to sell parts of its Asia-Pacific business to private equity firm MBK Partners, Godiva CEO Annie Young-Scrivner told Reuters. » Read More
Walmart has handily outperformed rival Amazon over the last six months. Oppenheimer's Ari Wald and Chantico Global's Gina Sanchez argue there's a bullish case for both stocks.
"We live in the space of digital commerce and digital commerce is exploding still around the world ... and we're riding that wave," PayPal CEO Dan Schulman says.
Walmart's latest earnings report shows the largest bricks-and-mortar retailer in the world is making progress in building out its website, despite Amazon's looming presence.
Consumer goods company Reckitt Benckiser is set to use digital means over stores to sell its cleaning brands in emerging markets such as China and India.
A Mongolian regulator said it will suspend operations at KFC restaurants temporarily to conduct inquiries, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain.
Falling car sales, sluggish retail sales data, a cooling housing market — those are all stoking fears of weakening consumer spending in China amid its slowing economy. But analysts say they're not concerned.