Core Viewpoint - B&M European Value retail's shares fell 15% following an accounting error that led to a profit warning and the resignation of its CFO [2][3][4] Financial Impact - The company identified approximately £7 million of overseas freight costs that were not correctly recognized in cost of goods sold, impacting full-year financials [3] - Adjusted EBITDA forecasts have been revised down to between £470 million and £520 million, a decrease from previous estimates of £510 million to £560 million [4] - First-half adjusted EBITDA is now anticipated at £191 million, down from a prior forecast of £198 million [4] Management Changes - CFO Mike Schmidt will leave the company, having held the position since October 2022, and a search for his successor has begun [5] - Schmidt's departure follows the exit of former CEO Alex Russo earlier in the year, with Tjeerd Jegen taking over the CEO role in June [5] Sales Expectations - B&M expects like-for-like UK sales to fluctuate between low-single-digit negative and low-single-digit positive levels in the second half [8] - First-half like-for-like sales increased by only 0.1%, with revenues declining by 1.1% in the second quarter [9] Analyst Insights - Analysts suggest that B&M could benefit from consumers' focus on value, given its 2% share of the UK retail market [10] - However, there are concerns regarding recent subdued like-for-like trends and the need for B&M to improve its value perception and earnings visibility [11]

AI and Automation in Retail - Kevin O'Leary from Shark Tank predicts AI will automate most retail purchases [1] - Blockchain will handle payments in this automated retail environment [1]

Market Performance - Equity benchmark indices Sensex and Nifty experienced significant gains in early trade, with Sensex rising by 704.37 points to 84,656.56 and Nifty increasing by 216.35 points to 25,926.20, driven by blue-chip buying and foreign fund inflows [1] - The previous trading day saw Sensex increase by 484.53 points (0.58%) to settle at 83,952.19 and Nifty climb by 124.55 points (0.49%) to 25,709.85 [6] Company Performance - Reliance Industries reported a 9.6% year-on-year increase in net profit for the September quarter, attributed to strong performance in retail and telecom sectors, as well as recovery in the oil-to-chemicals segment, leading to a rise of over 2% in its stock [2] - HDFC Bank's consolidated net profit for the September quarter increased by 10% to ₹19,610.67 crore, resulting in a 1.54% rise in its stock [2] Institutional Investment - Foreign Institutional Investors (FIIs) purchased equities worth ₹308.98 crore, while Domestic Institutional Investors (DIIs) bought stocks worth ₹1,526.61 crore on the same day [4] Market Sentiment - The market momentum is expected to continue due to sustained DII buying, marginal FII buying, and positive news regarding festival season sales in automobiles and white goods, with early Q2 results indicating a sharp recovery in earnings [5] - Global oil benchmark Brent crude saw a slight decline of 0.36% to $61.07 a barrel [5] Broader Market Trends - Asian markets, including South Korea's Kospi, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng, were trading higher, reflecting a positive sentiment following gains in US markets [3]

Market Reactions to Presidential Announcements - The U.S. stock market has shown extreme sensitivity to presidential announcements, particularly those from President Trump, leading to significant volatility in stock prices [2][4][12] - On October 10, 2025, the S&P 500 dropped by 2.71%, the Nasdaq 100 fell by 3.56%, and the Dow Jones Industrial Average decreased by 1.90% following the announcement of a 100% tariff on Chinese imports [3] - A previous social media post regarding a "China cooking oil threat" resulted in a loss of $450 billion in market value within minutes, highlighting the immediate impact of presidential rhetoric on market stability [4] Corporate Responses to Tariffs - Companies like IBM have managed to mitigate the impact of tariffs, with its CFO stating that tariffs have a "minimal impact" due to diversified supply chains, where imported goods account for less than 5% of overall spending [6] - The semiconductor sector, including Nvidia and AMD, faced significant declines due to the tariff announcements, with Nvidia dropping nearly 5% [3] Pharmaceutical Sector Impact - President Trump's announcement on October 17, 2025, to reduce the price of Ozempic from around $1,000 to $150 led to a decline in shares for Novo Nordisk, which fell between 5% and 6.4%, and Eli Lilly, which saw a drop of 4% to 5.3% [7][8] - Analysts from JPMorgan and BMO Capital Markets suggested that the market's negative reaction to the price cuts was overblown, indicating that many insured individuals already pay significantly lower prices for similar medications [9] Global Trade Dynamics - Colombia is facing potential tariffs and a cessation of U.S. aid due to drug trade issues, with current tariffs at 10% on most U.S. imports [10] - India has been warned of "massive tariffs" if it continues purchasing Russian oil, although immediate market reactions to these threats were not evident, suggesting a level of investor desensitization to such rhetoric [11] Overall Market Trends - As of October 20, 2025, the S&P 500 gained 0.23% to 6680 points, the Dow Jones increased by 0.52% to 46,256.04, and the Nasdaq rose by 0.65% to 24,916.79, indicating a recovery following earlier declines [12] - The market has developed a pattern of reacting sharply to announcements, followed by a recovery as details emerge, illustrating a cycle of "sell the tweet, buy the clarification" [12]

Muji-brand retailer Ryohin Keikaku has suspended its e-commerce site late Sunday after its logistics supplier Askul was hit by a cyber attack https://t.co/pyg9VOHczj ...

Opening Bid Unfiltered is available on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Before it was known as Tapestry (TPR) and an owner of the Coach and Kate Spade Brands, Coach was just Coach — maker of handbags and accessories that dominated mall racks. But like with every retailer in business for decades, Coach has stories to tell. Yahoo Finance Executive Editor Brian Sozzi sits on the Opening Bid Unfiltered podcast with former longtime Coach CEO Lew Frankfort. Frankfort is out wit ...

Economic Growth - China's GDP growth is expected to slow to 4.8% in Q3 2025, down from 5.2% in the previous quarter [1] - Analysts predict that fixed-asset investment will only expand by 0.1% in the first nine months of the year [2] Retail and Industrial Performance - Retail sales are anticipated to slow to 3% year-on-year in September [2] - Industrial production is likely to ease to 5% [2] Inflation Trends - The core consumer price index rose at its fastest pace since February 2024, indicating some inflationary pressure [3] - However, headline inflation fell by 0.3%, reflecting ongoing deflationary pressures [3] Export Resilience - Despite ongoing trade tensions with the U.S., China's exports have shown continued resilience [2]

Core Points - A new individual business named "Youjiu Yougu Sales Store" has been established in Nanchong City, Shunqing District, with a registered capital of 16,800 RMB [1] - The legal representative of the business is Gu Yang, and its operating scope includes licensed projects for liquor sales, as well as general projects such as food sales (only pre-packaged food), daily necessities sales, and office supplies sales [1] - The business is permitted to conduct operations autonomously based on its business license, except for projects that require approval from relevant authorities [1]

Walmart named a company veteran to lead the expansion of drones and other new technologies for the big-box retailer to bring products to shoppers https://t.co/bWaPU9jKUB ...

Core Viewpoint - FlexShopper, Inc. is facing delisting from Nasdaq due to failure to file required financial reports by the deadline [1][2] Group 1: Delisting Process - Nasdaq has initiated a delisting process for FlexShopper's common stock due to the company's non-filing of its Annual Report on Form 10-K for the year ended December 31, 2024, and two Quarterly Reports on Form 10-Q for the periods ended March 31, 2025, and June 30, 2025 [1] - The final deadline for filing these delinquent reports was October 13, 2025, as per Nasdaq Listing Rule 5250(c)(1) [1] Group 2: Appeal and Trading Suspension - If FlexShopper does not request a hearing to appeal the delisting by October 21, 2025, trading of its common stock will be suspended on October 23, 2025 [2] - The company has indicated that it does not intend to request a hearing [2]