STORE OPENINGS
U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies
America's job market slowed down last month due to worries over President Trump's policies. Hiring decreased to 130,000 jobs in May, lower than April's 177,000. The unemployment rate remained at 4.2%. Economists are concerned about the impact of tariffs and immigration policies. Recent data shows mixed signals, with job openings rising but layoffs increasing.
Refiners Reliance and Nayara tap India's drivers as export markets tighten
India's private refiners, Reliance Industries and Nayara Energy, are shifting focus to domestic fuel sales due to squeezed global profit margins. They are capitalizing on India's growing fuel demand by offering discounts and expanding retail networks. This strategic shift allows them to leverage cheaper crude oil and compete effectively with state-owned refiners.
Zomato poised for smart rebound post capex cycle: Mayuresh Joshi
Quick commerce companies are investing heavily in dark stores, impacting earnings and cash flow. Competition is intensifying with JioMart and others entering the space. The EV sector faces headwinds due to China's control of rare earth materials and slowing global demand, potentially affecting Indian EV production despite government incentives.
Apple loses bid to halt court ruling that blocks some fees from its iPhone app store
Apple sought to put the order on hold after it was issued by U.S. District Judge Yvonne Gonzalez-Rogers in a stinging rebuke that also held the Cupertino, California, company in civil contempt of court and recommended opening a criminal investigation into whether one of its executives had committed perjury while testifying in her Oakland, California, courtroom.
Nintendo Switch 2 launch: What fans are saying about the new console
Nintendo launched the Switch 2. Gamers lined up globally to buy it. Pre-orders were chaotic in the U.S. Japan used a lottery system. Fan reactions are mixed, citing price and UI. The new console features a better screen, processing power, and GameChat. Nintendo aims to sell 15 million units. The Switch 2 costs $449.99. The launch confirms Nintendo's gaming influence.
Nintendo Switch 2: How to buy new console? Here’s price and new features
Nintendo has released the Switch 2 console, priced at $450. It comes eight years after the original model. Fans across several countries lined up to buy it.
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Nintendo Switch 2: Is new gaming console available in market? Details here
Nintendo has launched its new Switch 2 console. High demand has caused shortages in Japan, the US, and China. Analysts expect strong first-year sales. Nintendo plans to monitor tariff changes which could affect pricing.
Nintendo Switch 2 launch draws eager fans
The highly anticipated Switch 2, launching globally on Thursday, is an upgrade to its eight-year-old predecessor, featuring new social functions designed to encourage online play. Nintendo is relying on the Switch 2 to revitalise declining sales. Nintendo has said it expects to sell 15 million Switch 2 consoles for the fiscal year through March 2026.
Gamers get hold of Nintendo's hotly awaited Switch 2
Gamers on Thursday finally got their hands on Nintendo's new Switch 2 console, which could score record early sales for the Japanese "Super Mario" creator. Serkan Toto from Tokyo consultancy Kantan Games said he "would not be surprised to see Switch 2 breaking sales records in the next weeks and months".
Patrick McGee, ‘Apple in China’ author, explains why India isn’t the next China for Tim Cook
Apple’s expansion in India is steady but slow, lagging far behind the rapid growth it achieved in China. Despite assembling millions of iPhones locally, India’s manufacturing ecosystem remains small and dependent on Chinese components. Journalist Patrick McGee highlights how Apple’s deep roots in China, built over decades, make a full shift to India challenging. The company’s cautious approach reflects India’s tougher supply chain and policy environment, signalling years before India can rival China’s manufacturing scale.
Apple loses bid to pause app store reform order in Epic Games case
Apple in a statement said it was "disappointed with the decision not to stay the district court's order, and we'll continue to argue our case during the appeals process." The judge on April 30 ordered Apple to end several practices that she said were designed to circumvent the injunction, including a new 27% fee Apple imposed on app developers when its customers complete an app purchase outside the App Store.
Nintendo Switch 2 set to launch tomorrow- here's where to get yours first in the US and UK
Nintendo Switch 2 is launching in the US and UK on June 5. Pre-orders are closed, but stores are preparing for in-person sales. Midnight launch events are planned at GameStop and Best Buy. Walmart will have online and select in-store availability. UK retailers like Argos and Smyths Toys also have stock. Eager gamers can find the console at various locations.
Grocery delivery app KiranaPro faces cyberattack, servers deleted; CEO says legal proceedings on
The startup, which enables users to order groceries from nearby kirana stores, got to know of the incident on May 26. KiranaPro lost a huge amount of data in the incident, where hackers gained root access to the startup's accounts on Amazon Web Services (AWS) and GitHub.
How did a Delhi Police head constable manage to steal cash and jewellery worth crores?
A major theft at the Delhi Police Special Cell's storage facility led to the arrest of Head Constable Khurshid. He allegedly stole cash and jewellery worth crores using duplicate keys. The stolen items were recovered from his residence, and investigations are underway to determine if this was an isolated incident, with concerns raised about internal oversight and procedural lapses.
Gully Labs raises Rs 8.7 crore in seed funding led by Zeropearl VC
The company plans to use the funds to diversify its product range. Gully Labs will also expand its sales channels. Physical retail stores are also in the pipeline.
Nykaa shares drop over 5% despite strong Q4 performance
Nykaa's parent company, FSN E-commerce, experienced a share decline despite reporting strong Q4 results, including a near doubling of net profit to Rs 19 crore and a 23.6% YoY revenue increase. While the beauty segment thrived, the fashion segment saw muted growth. Brokerages are monitoring the fashion business revival amid intense competition.
Counting losses due to delay in onion procurement by government: Maharashtra farmers
Maharashtra onion farmers are accusing government agencies of delaying crop procurement under the Price Stabilisation Fund, leading to significant losses due to unseasonal rains in May. The delayed action by NAFED and NCCF resulted in the spoilage of onions that could have been stored, exacerbating financial distress among farmers already struggling with export restrictions and inadequate storage facilities.
Cluster-based development to anchor Dharavi Redevelopment master plan
The Dharavi Redevelopment Project, a massive undertaking across 600 acres, aims to transform the area into organized neighborhoods with integrated infrastructure. The master plan, approved by the state govt, emphasises cluster-based development, a new road network, and a Multi-Modal Transit Hub.
What’s in store for Reliance Retail, Arvind Fashions, V-Mart & top retailers? Aggressive expansion
Indian retailers are strategically expanding after closing underperforming stores. Reliance Retail, Arvind Fashions, and Aditya Birla Fashion plan new, larger outlets. They focus on profitability and avoid past mistakes. Arvind will increase retail space. Aditya Birla Fashion plans many new brand and Pantaloon stores. Retailers are now prioritizing sustainable growth and careful property selection. Spencer's wants new stores profitable quickly.
Jubilant Bhartia plans Rs 5,600 crore bond issue to fund Coca-Cola deal
Jubilant Bhartia Group is set to raise ₹5,650 crore through NCDs to partially fund its ₹12,650 crore acquisition of a 40% stake in Hindustan Coca-Cola Holdings. Jubilant Beverages and Jubilant Bevco will issue bonds with implied annualised yields around 9%. Meanwhile, Jubilant FoodWorks is halting expansion of Dunkin' Donuts and Hong's Kitchen to focus on Domino's Pizza and Popeyes.
Popular ice cream chain to close 500 stores in US amid bankruptcy proceedings
Rite Aid's bankruptcy is leading to the closure of Thrifty Ice Cream counters within its stores nationwide, marking a significant change for the beloved brand. While Thrifty Ice Cream will still be available elsewhere, the closures signal the end of an era for the iconic circular scoops at Rite Aid.
Victoria's Secret website, in-store services shut following security breach
Victoria's Secret faced a major security incident. The company closed its U.S. website and certain in-store services. This action was a precaution. The firm is working to restore operations quickly. Third-party experts are helping with the investigation. The incident caused a drop in company shares. Physical stores remain open. The company prioritizes secure operations during the probe.
Google begins direct sales of Pixel devices in India via official online Google Store
This will complement Google's existing online and offline retail footprint, a company statement said. Managing director of devices and services at Google India, Mitul Shah, said launching direct online purchasing from the India Google Store is primarily driven by the "dynamic and evolving" Indian smartphone market.
CVS closing 270 stores in 2025: full list of locations affected by retail realignment
CVS is closing 271 stores across the US in 2025 as part of its long-term restructuring plan. The closures, based on demographic and market data, follow 900 previous shutdowns between 2022 and 2024. The company will continue to open new locations, including pharmacy units inside Target stores
Meta is planning to expand physical stores and hire retail workers: Business Insider
Meta plans to expand its physical retail footprint and hire retail staff, mirroring Apple’s approach, to boost hardware sales like smart glasses. Currently, it operates a single Meta Store in California. The aim is to let customers experience the technology firsthand and increase engagement through in-person interaction.
Memorial Day 2025: What’s open and closed — Costco, Walmart, Target, grocery stores, offices, schools, and more
Memorial Day is a federal holiday in the United States set aside to honor and remember military personnel who died in service to the nation. Originally known as Decoration Day, the observance began in the aftermath of the Civil War and has since evolved into a solemn tradition of national remembrance.
Memorial Day 2025: What's open and shut in US? See which stores are operating today
Memorial Day in the United States is a day to remember fallen soldiers. Observed on the last Monday of May, it began after the Civil War. In 2025, it falls on May 26. Government offices and banks will be closed. Most retailers and grocery stores will remain open. Travel is expected to be high. Expect some flight delays.
Starbucks India losses surge 65% in FY25, sales grow 5%
Starbucks India witnessed a 5% sales increase, reaching ₹1,277 crore, but its losses widened by 65% to ₹135.7 crore in FY25. Despite launching 58 new outlets and expanding into 19 new cities, profitability was impacted by subdued demand in the QSR sector. The company aims to reach 1,000 outlets by FY28 amidst increasing competition from other coffee chains.
Lego opens South Asia's biggest store in Gurugram in partnership with Ample Group
Lego Group starts its retail journey in India with a new store in Gurugram. This is the largest Lego store in South Asia. The company plans to open more stores across India. Bengaluru will be the next location. Lego aims for significant growth in the Indian toy market. They offer a wide range of products for all ages.
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