VENTURE CAPITAL POST

Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.

The Australian state of New South Wales announced that general retail trade would be closed for the entirety of April 25 every year in commemoration of Anzac Day.

Several shoppers of the Australian retailer Bunnings Warehouse expressed disgust over its pet policy in stores after a customer shared her experience on social media how she encountered what she claimed were dog droppings.

Amazon revealed plans to launch a dedicated low-price fashion and lifestyle online store to allow Chinese sellers to ship directly to consumers in the United States.

South African company Pepkor Holdings reported a 3.1% fall in its half-year earnings report due to ongoing supply chain disruptions at local ports that impacted its merchandise imports, but also reported a 9.5% revenue rise compared to the similar time period last year.

GameStop plummeted 26% on the stock market on May 17 after a week-long attempt to sell up to 45 million shares.

US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores.

Clothing and accessories sector is outpacing other sectors in e-commerce sales. Some factors, including better shipping and return policies and changes in mobile uses, are encouraging more people to make more small purchases online.

A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.

Burberry filed a lawsuit over the claim that U.S. retailer J.C. Penney sold infringed products. The retailer was accused of copying Burberry’s century-old pattern trademark and kept selling the product for up to two months after Burberry raised its objections.

The businessman is considered as one of India’s most active investor. Ever since he retired as the Tata Group chairman, Ratan Tata has backed more than 20 startups until now. He is especially experienced in the tea markets, and Teabox is delighted to have him as an advisor as well as an investor.

The New York based teen retailer plans to eliminate its corporate headcount as its sales fall. The company also reaffirmed its outlook for the fourth quarter.

Target Corp (TGT.N) on Wednesday reported its first increase in U.S. same-store sales in four quarters and a quarterly profit above expectations, but said it would review the future of its loss-making Canadian business after the holiday season.

Gap Inc (GPS.N) Chief Executive Glenn Murphy will retire in February and hand over the reins of the apparel retailer to its digital business head Art Peck, as the company looks to tap customers' increasing preference for online shopping.

Standing with bags of groceries outside discount store Lidl in Thetford, eastern England, Jodie McGloughlin explains simply why she turned her back on Britain's biggest retailer - its high prices.