(Reuters) – At a North California supermarket last week, one visitor likely had only one thing in mind – the bear necessities. Shoppers at the Kings Beach Safeway by Lake Tahoe found an otherwise routine trip to the store on Aug. 25 disrupted by an inquisitive... More »
BEDMINSTER, N.J. (Reuters) – U.S. President Donald Trump said on Saturday he could exert pressure on more Chinese companies such as technology giant Alibaba (BABA.N) after he moved to ban TikTok. Asked at a news conference whether there were other particular C... More »
(Reuters) – Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began. Simon Property Group (SPG.N), the ... More »
DES MOINES, Iowa (Reuters) – After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map. Now comes a race to spend vast sums on digital commerce platforms specifically designed to handle ... More »
SHANGHAI (Reuters) – Zoom Video Communications (ZM.O) will shift to a partner-only model in mainland China from Aug. 23, suspending direct sales to all customers in the region, the company said on Monday. Zoom customers in China received an email on Monday inf... More »
(Reuters) – Hasbro Inc (HAS.O) missed analysts’ estimates for quarterly earnings and revenue on Monday, as production shutdowns due to the COVID-19 pandemic crimped the toymaker’s efforts to cash in on strong demand for its board games. The company’s shares, w... More »
(Reuters) – U.S. grocer Albertsons Cos Inc ACI.N on Monday reported a 26.5% rise in same-store sales in its first quarter as a publicly listed company, driven by demand for home deliveries of groceries during the COVID-19 pandemic. The company’s shares, which ... More »
HONG KONG (Reuters) – Hong Kong banned gatherings of more than two people on Monday, closed down restaurant dining and introduced mandatory face masks in public places, including outdoors, as it tries to rein in a new coronavirus outbreak. The measures, which ... More »
NEW DELHI (Reuters) – Amazon.com Inc’s (AMZN.O) total exports from small and medium sellers in India, part of a company programme to export products to global markets, have crossed the $2 billion mark, two company executives said on Monday. Amazon’s “Global Se... More »
LONDON (Reuters) – Britain urgently needs to see the legislation China passed regarding Hong Kong to determine whether it has breached the joint declaration and then will set out its next steps, a spokesman for Prime Minister Boris Johnson said on Tuesday. “De... More »
HONG KONG (Reuters) – Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city. Months of anti-government protest have also weighed on... More »
LONDON (Reuters) – Long queues of shoppers snaked around stores in England on Monday, with discount fashion retailer Primark proving a particular draw as shops reopened their doors after 83 days of lockdown. Queues formed from early morning outside several bra... More »
WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing A... More »
(Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported here on Monday, citing a lawyer for Amazon who wrote to lawmak... More »
(Reuters) – Walmart Inc (WMT.N) has partnered with Canadian e-commerce firm Shopify Inc (SHOP.TO) (SHOP.N), as the world’s biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping. U.S.... More »
SHANGHAI (Reuters) – Alibaba Group said its cloud unit aims to recruit 5,000 staff globally from now until the end of this financial year, in areas including network, database, servers, chips and artificial intelligence, it said in a statement on Tuesday. “The... More »
(Reuters) – J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding to a list of brick-and-mortar retailers pushed to the brink by widespread store closures in response to the COVID-19 pandemic. The New Y... More »
PARIS (Reuters) – The French government has rejected a request by Amazon (AMZN.O) to tap a state partial unemployment scheme for employees at its six warehouses in the country, a spokeswoman for the labor ministry said on Monday. The e-commerce giant has shut ... More »
NEW DELHI (Reuters) – Chinese smartphone maker Xiaomi Corp said on Monday it will launch an e-commerce service in India this week to enable customers stuck at home during a nationwide lockdown to buy its products from their local retailer. The new service, Mi ... More »
BERLIN (Reuters) – Germany’s economy minister urged the country’s 16 federal states on Monday to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further and being forced to backtrack later. Under Germany’s decentralised political ... More »
SHANGHAI (Reuters) – Luckin Coffee (LK.O) said on Monday China’s State Administration for Market Regulation was carrying out work to understand the coffee chain’s operating situation and added that it was actively cooperating. It also said in a statement poste... More »
(Reuters) – Amazon.com Inc (AMZN.O) is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a new plan to counter fraud without in-person meetings in the pandemic, the company said on Sunday.... More »
BEIJING (Reuters) – China is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to support the kind of discretionary spending needed to revive the economy. Instead, a big c... More »
(Reuters) – Walmart Inc’s video-on-demand service, Vudu, said on Monday it would be acquired by Fandango Media LLC, a movie ticketing service owned by cable company Comcast Corp. The terms or value of the deal were not disclosed. Walmart bought Vudu over a dec... More »
TOKYO (Reuters) – Some of Japan’s ubiquitous convenience stores have taken a novel approach to social distancing by hanging plastic sheets from the ceiling to provide a barrier between customers and staff at the cash register during the coronavirus pandemic. P... More »
HONG KONG (Reuters) – A Nintendo Switch video game has been pulled off China’s grey market e-commerce platforms, Reuters’ checks show, after Hong Kong activist Joshua Wong used the game to protest against Beijing’s rule of the Chinese territory. The game, “Ani... More »
LONDON (Reuters) – A group representing Britain’s car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represented a 25% fall from the number of new car registrations in 2... More »
(Reuters) – Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters. The chief executives of... More »
(Reuters) – Amazon.com Inc (AMZN.O) is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuter... More »
(Reuters) – Amazon.com Inc’s general counsel on Thursday said his emotions clouded his judgment when he wrote meeting notes in which he allegedly outlined a public relations strategy against a protest organizer and questioned the employee’s intelligence. Amazo... More »
(Reuters) – Troubled fashion retailer Ted Baker (TED.L) on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year. The British company said the search for a chairm... More »
FRANKFURT (Reuters) – Worried about whether you have enough toilet paper for the coronavirus lockdown? A German website can tell you how long your supply will last. Toilet paper has become one of the commodities shoppers across the world have hoarded as the co... More »
(Reuters) – Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a growing list of major retailers moving to help limit the spread of the coronavirus. The virus, which beg... More »
(Reuters) – The U.S. Department of Defense (DoD) is seeking court permission to reconsider certain aspects of its decision to award a $10 billion cloud computing contract to Microsoft Corp, court filings showed on Thursday. A U.S. judge last month granted Amaz... More »
TOKYO (Reuters) – Japan’s Rakuten Inc plans to set its big data mobile plan at 2,980 yen ($27.68) per month, or less than half of major rivals’ offerings, the Nikkei business daily reported on Monday. The company said in a statement it was not the source of th... More »
NEW DELHI (Reuters) – Thousands of small-scale traders in India are planning to organize protests against Amazon.com Inc (AMZN.O) founder Jeff Bezos, who will visit the country next week for a company event and potential meetings with government officials. Bez... More »
(Reuters) – Under Armour Inc (UAA.N) is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday. The Balti... More »
SHANGHAI (Reuters) – China’s tobacco regulator on Friday issued a notice asking e-commerce platforms and businesses to shut online stores that sell electronic cigarette products, in a move aimed at stopping minors from purchasing e-cigarettes through the inter... More »
(Reuters) – LeBron James weighed in on the controversy between China and the NBA on Monday, saying that Houston Rockets general manager Daryl Morey “wasn’t educated” when he sent a tweet in support of protesters in Hong Kong this month. Morey’s tweet of suppor... More »
(Reuters) – Fashion retailer Forever 21 Inc filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught of e-commerce companies such as Amazon.com Inc (AMZN.O). Since the start of 2017, more than ... More »
WIRKSWORTH, England (Reuters) – On a two-acre field in England’s Midlands, Gavin and Alice Munro are taking sustainability to the next level: they harvest trees which they train to grow into chairs. The couple have a furniture farm in Derbyshire where they are... More »
LONDON (Reuters) – Victoria Beckham chose a light and fluid silhouette for the female wardrobe next spring, presenting a line for “women in motion” at her London Fashion Week show on Sunday. With her husband David and their children watching from the front row... More »
LONDON (Reuters) – South African accountant Shaista Hamdulay never imagined she would one day mingle with fashionistas at London Fashion Week. Yet on Saturday, Hamdulay got a taste of a world usually reserved for fashion editors, buyers, bloggers and celebriti... More »
HANGZHOU, China (Reuters) – A tearful Jack Ma formally left Alibaba (BABA.N) on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in... More »
NEW YORK/PARIS (Reuters) – Luxury brands and retailers are increasingly collaborating with celebrities, including style bloggers and Instagram stars, to help design collections and jazz up their wares. The latest example of this is Rihanna, who is set to stage... More »
(Reuters) – Papa John’s International Inc (PZZA.O) is set to name Rob Lynch as the pizza chain’s new chief executive officer, Bloomberg reported late on Monday, barely 19 months after Steve Ritchie took over as top executive following a bitter board dispute. L... More »
NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales. Walmart Inc, Target Corp and ... More »
(Reuters) – Amazon.com Inc (AMZN.O) founder Jeff Bezos’ divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving the way for her to receive $38.3 billion worth of Amazon stock, Bloomberg reported. In April, Am... More »
(Reuters) – Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office. The delivery drones can be used to... More »
WASHINGTON/NEW YORK (Reuters) – This year’s holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports – because that will include tech products, game consoles, toys, cribs, orname... More »
NEW YORK (Reuters) – LVMH’s Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated sin... More »
PARIS (Reuters) – IKEA plans to invest 400 million euros ($448 million)in France over the next three years as it builds up its new city center stores in the country, IKEA France’s chief executive Walter Kadnar said on Monday. Kadnar unveiled the plans as IKEA ... More »
(Reuters) – Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday following misconduct allegations related to his hugging of business colleagues. Ted Baker had announced an independent investigation into miscondu... More »
PARIS (Reuters) – French consumer confidence jumped in February to its highest level since “yellow vest” protesters started their weekly demonstrations, as households took heart in an improvement in their finances and unemployment fears receded. The reading of... More »
(Reuters) – Amazon.com Inc said on Monday it appointed former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director, making her the second woman to be named to the e-commerce giant’s board this month. Earlier this month, the company named Starbucks Cor... More »
JAKARTA (Reuters) – Indonesia is bringing in new rules requiring e-commerce sellers to share data with authorities, while also stressing that they must pay taxes, the finance ministry said on Monday. Surging smartphone use and a rising middle-class income in I... More »
(Reuters) – Minnesota prosecutors will not charge the billionaire chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday. Hennepin Cou... More »
CHICAGO (Reuters) – Campbell Soup Co (CPB.N) said on Friday that incoming Chief Executive Mark Clouse, a food industry veteran, could be paid as much as $7.4 million in compensation for fiscal 2019. Clouse, the former chief of frozen food maker Pinnacle Foods,... More »
BERLIN (Reuters) – Chinese e-commerce company JD.com plans to expand in Europe and aims to have finalised its strategy for entering the market by the end of the year, its chief executive told a German newspaper. China’s second largest e-commerce business also ... More »
LONDON (Reuters) – Sainsbury’s chief executive Mike Coupe said that it was possible that competition authorities would force some stores to be sold to allow the British supermarket chain’s proposed merger with Asda to go ahead. Sainsbury’s and Asda, the UK arm... More »
(Reuters) – Amazon.com Inc (AMZN.O) more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for bus... More »
Sue Carter gilds a mug made to celebrate the Royal Wedding between Prince Harry and Meghan Markle at Halcyon Days’ Caverswall factory in Stoke-on-Trent, Britain February 27, 2018. Picture taken February 27, 2018. REUTERS/Darren Staples STOKE-ON-TRENT, England ... More »
FILE PHOTO: Shopping mall Blechen Carre is seen in Cottbus, Germany, January 24, 2018. REUTERS/Axel Schmidt/File Photo BERLIN (Reuters) – German monthly retail sales unexpectedly declined in January, data showed on Friday, in a sign that private consumption ma... More »
FILE PHOTO: A Heinz Ketchup bottle and a bottle of Kraft parmesan cheese are displayed in a grocery store in New York March 25, 2015. REUTERS/Eduardo Munoz (Reuters) – Kraft Heinz Co’s (KHC.O) quarterly profit and sales missed analysts’ estimates on Friday, hu... More »
FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo WASHINGTON (Reuters) – Amazon.com Inc will pay a $1.2 million penalty to settle nearly 4,000 alleged violations of U.S. l... More »
Employees arrange tomatoes before weighing them at a Big Basket warehouse on the outskirts of Mumbai November 4, 2014. REUTERS/Danish Siddiqui MUMBAI (Reuters) – A unit of China’s Alibaba has invested $146 million in Indian online grocer BigBasket, strengtheni... More »
The logo of Walmart store is pictured in Rio de Janeiro, Brazil January 22, 2018. REUTERS/Ricardo Moraes – RC1845D40460 NEW YORK/TOKYO (Reuters) – Walmart has struck a partnership with e-commerce firm Rakuten Inc to launch an online grocery delivery service in... More »
A woman shops at a Macy’s department store in Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led... More »
SEATTLE (Reuters) – Amazon.com Inc (AMZN.O) will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company said, moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattl... More »
A pet dog is pictured in a sofa as it waits to watch a movie in a cinema for dogs at Cute Beast Pet Resort in Beijing, China December 22, 2017. Picture taken December 22, 2017. REUTERS/Jason Lee PINGYANG, China/SHANGHAI (Reuters) – Li Mingjie is a pet industry... More »
FILE PHOTO: South African magnate Christo Wiese, Steinhoff’s largest shareholder and chairman, listens during an interview in Cape Town, South Africa, September 27, 2016. REUTERS/Mike Hutchings/File Photo (This December 7 story corrects to clarify Christo Wies... More »
LONDON (Reuters) – A cafe in London is taking barista art to a new level by giving customers the chance to sip on their own self-portraits. The Tea Terrace, based in House of Fraser’s Oxford Street branch, has become Europe’s first location to deliver the “Sel... More »
An app of the Chinese discount online retailer Vipshop Holdings Ltd is seen on a mobile phone in this illustration picture taken December 18, 2017. REUTERS/Florence Lo/Illustration BEIJING (Reuters) – Chinese internet giant Tencent Holdings Ltd (0700.HK) said ... More »
FILE PHOTO: A cashier smiles beyond a Walmart logo during the kick-off of the ‘El Buen Fin’ (The Good Weekend) holiday shopping season, at a Walmart store in Monterrey, Mexico, November 17, 2017. The sign reads “Your opinion is very important to us.” REUTERS/D... More »
An interior view shows the first Disney store opened on Friday in Moscow, Russia, December 1, 2017. REUTERS/Tatyana Makeyeva MOSCOW (Reuters) – Though too cold for a theme park, Russia’s underserved toy market makes it an attractive business prospect for Walt ... More »
Workers process outgoing shipments at an Amazon Fulfillment Center on Cyber Monday in Tracy, California, U.S. November 28, 2016. REUTERS/Noah Berger (Reuters) – Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc’s online prices for the ... More »
Customers push their shopping carts after making a purchase at Target in Chicago, Illinois. REUTERS/Kamil Krzaczynski CHICAGO (Reuters) – Black Friday and Thanksgiving online sales in the United States surged to record highs as shoppers bagged deep discounts a... More »
A customer loads her shopping cart during the Black Friday sales event on Thanksgiving Day at Target in Chicago, Illinois, U.S. November 23, 2017. REUTERS/Kamil Krzaczynski (Reuters) – U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving e... More »
Barnes & Noble Inc (BKS.N) said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not participate and raising the required funds was highly unlikely. More »
Department store chain J.C. Penney Co Inc (JCP.N) reported third-quarter same-store sales that were twice what it had estimated, sending its shares up 9 percent in premarket trading on Friday. More »
Amazon.com Inc (AMZN.O) on Thursday said its sales surged over the summer and profit trounced expectations, as shoppers jumped at "Prime Day" promotions on its website and bought groceries at its newly acquired chain of Whole Foods Market stores. More »
Shares of Switch Inc, which provides data center services to Amazon, eBay and JP Morgan among others, rose as much as 45 percent in their market debut on Friday, giving the company a market capitalization of more than $5.6 billion. More »
An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. More »
Costco Wholesale Corp's (COST.O) quarterly profit scraped past estimates, helped by a hike in membership fees, but a fall in gross margins fueled concerns of an intensifying grocer price war, sending shares down 3.6 percent in after-market trading. More »
Shares of United Parcel Service Inc and FedEx Corp fell on Thursday after a report that Amazon.com Inc was testing its own delivery service, potentially encroaching on the territory of the package delivery companies. More »
Models for Italian luxury group Salvatore Ferragamo strolled through a garden of daisies in the heart of Milan on Saturday evening to wrap up the city's fourth day of fashion week. More »
Italian designer Angela Missoni celebrated 20 years at the creative helm of the family-owned knitwear brand with a party-inspired collection, declaring herself proud of having kept the brand relevant over the years. More »
British designer Paul Surridge debuted in Milan with his first collection for Italian fashion house Roberto Cavalli, showing tight-fitting designs and animal prints that he said were an attempt to find a new type of sensuality. More »
Prada's chief executive and creative director Miuccia Prada said on Thursday she did not want to be judged by sales but that her designs offered ideas to women of how to be strong and combative. More »
The new boss of Carrefour (CARR.PA) could close some of the retailer's large hypermarket stores in France as part of plans to turn around the company, a union official said. More »
U.S. discount retailer Dollar Tree Inc (DLTR.O) said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. More »
Amazon.com Inc (AMZN.O) said on Thursday it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer tax cuts and incentives that could bring 50,000 new jobs. More »
Toymaker Lego announced plans to lay off 8 percent of its workforce as it reported a 5 percent fall in mid-year revenue. More »
German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it has partnered with Instacart Inc to deliver groceries in three U.S. cities, a move that comes amid intense competition and disruption in the industry. More »
Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business. More »
A woman walks past a Lanvin store in Paris, France, January 12, 2017. Lanvin, France’s oldest fashion brand, named on Tuesday Olivier Lapidus as its new artistic director, following the departure of Bouchra Jarrar. More »
FILE PHOTO: A private security guard stands at a gate of Snapdeal headquarters in Gurugram on the outskirts of New Delhi, India, April 3, 2017. REUTERS/Adnan Abidi/File Photo India’s No. 3 e-commerce player Snapdeal has rejected an initial takeover offer from ... More »
The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol If Amazon.com Inc (AMZN.O) hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc (WFM.O) fo... More »
FILE PHOTO: Shoppers are reflected in a shop window as they walk along Oxford Street in London, Britain, December 21, 2013. REUTERS/Luke MacGregor/File Photo British consumers cut their spending for the first time in nearly four years last month, figures from ... More »
FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May 21, 2016. REUTERS/Lucy Nicholson/File Photo Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow thei... More »
