Walmart International's President and CEO, Judith McKenna took a deep dive into global retail at the Shoptalk event in Las Vegas. We look at the shifts it’s seeing in consumer priorities and how it’s responding. Shifting priorities Walmart International, with a presence in six major markets serving nearly 40% of the world's population, holds a distinctive perspective on global retail. The c...

CK Hutchison reported its retail revenue (A.S. Watsons) fell by 2.0% to HKD169.6 bn (US$21.9 bn), and its earnings (EBITDA) decreased by 11% to HKD14.3 bn (US$1.8 bn) in its full year 2022 results. In local currencies, its total revenue increased by 6%, while EBITDA declined by 2%. Performance of A.S. Watsons across different markets and businesses • Healthy and Beauty China sales decreased...

JD.com reported its revenue increased by 9.9% to CNY1.05 tr (US$151.7 bn), and its operating income rose by 104.2% to CNY29.0 bn (US$4.2bn) in its full year 2022 results. In Q4 2022, JD.com’s revenue grew 7.1% to CNY295.4 bn (US$42.8 bn), while its operating income reached CNY4.8 bn (US$700m), compared to a loss of CNY400m (US$58.0m) in 2021. Performance of JD.com’s four key segments J...