The new valuation puts the stake held by its chair and chief executive, Bernard Arnault, at $212bn – cementing his position as the world’s richest person.

The report also showed that shoppers’ definitions of loyalty are reportedly moving away from the idea of exclusivity.

When retailers craft a variety of delivery experiences, customers can self-select the one that best fits their delivery persona.

The shift to private-label merchandise in 2020 alienated major brands at the heart of its business.

To attract and retain customers in today's commercial environment, retailers must be able to cater to consumer demands across all sales channels, and ensure that every touchpoint is seamless.

Getting inventory closer to the end user saves money on transportation and is much more eco-friendly, says Corey Apirian, chief executive officer of Davinci Micro Fulfillment.

India is also rising as a manufacturing base for the iPhone as Apple diversifies its supply chains away from China.

The 2022 suit came after reports that the company would bury their products in search results if they offered lower prices elsewhere.

The Authorization would allow workers to withdraw their services from the company when permitted by the National Mediation Board.

Walmart CEO Doug McMillon warned last year that rising retail theft around the U.S. could prompt store closings.