BERLIN (Reuters) – Online fashion retailer Zalando (ZALG.DE) has launched a pilot to deliver orders placed by customers in Paris on the website of Adidas (ADSGn.DE) as it extends moves to allow brands to use the logistics network it has built for its own ecomm... More »
LONDON (Reuters) – British retailer Sports Direct (SPD.L) has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in Decem... More »
LONDON (Reuters) – Online retail giant Amazon said it would open pop-up shops in Britain to give more than 100 small online businesses an opportunity to sell on the high street for the first time. The first of the 10 stores, which are branded “Clicks and Morta... More »
(Reuters) – Mike Ashley has agreed to sell Newcastle United to Abu Dhabi’s billionaire Sheikh Khaled bin Zayed Al Nehayan for 350 million pounds ($445.24 million), the Sun reported late on Sunday. The contracts between Ashley and Sheikh Khaled have been signed... More »
LONDON (Reuters) – British sportswear group Sports Direct said any restructuring option pursued by Debenhams that could result in no equity value for the department store group’s shareholders “is not a workable solution”. Debenhams said on Friday it was seekin... More »
ROSS-ON-WYE, England (Reuters) – For almost 100 years, Chris Chinn’s family has farmed asparagus in the rolling hills of the Wye Valley in western England. This year, he fears uncertainty around Britain’s departure from the European Union will keep his eastern... More »
NEW DELHI (Reuters) – India could lose a vital U.S. trade concession, under which it enjoys zero tariffs on $5.6 billion of exports to the United States, amid a widening dispute over its trade and investment policies, people with close knowledge of the matter ... More »
LONDON (Reuters) – Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply. The pan-European STOXX 600 fell 0.9 percent as ... More »
NEW YORK (Reuters) – In late 2017, several well-known hedge funds made bets on companies selling goods considered non-essential by consumers and on companies processing raw materials, according to filings with the U.S. Securities and Exchange commission publis... More »
BOSTON (Reuters) – A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Activist hedge fund Marcato Capital Managem... 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 »
Giorgio Armani's succession plans include a transfer of part of his high-end fashion empire to his charitable foundation in a bid to prevent any takeovers or a break-up of the group, the designer told a newspaper. More »
This summer, toy supplier Product Launchers delivered 100,000 specially ordered DC Comics fidget spinners to Toys 'R' Us, unaware that the biggest U.S. toy store chain was in financial trouble. More »
CVS Health Corp’s Omnicare unit has agreed to pay $23 million to resolve a long-running whistleblower lawsuit alleging that it took kickbacks from a drugmaker, according to settlement papers released on Friday. More »
A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. To match Insight WALMART-BRAZIL/ REUTERS/Nacho Doce Wal-Mart Stores Inc will offer ‘pickup discounts’ to U.S. shoppers on items they order online and pick up ... 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 (AMZN.O) plans to cut 263 jobs at its money-losing parenting products unit Quidsi this... More »
Neil Gorsuch has taken part in more than 2,000 court cases as an appeals court judge. Here are seven that offer insights into his legal views as he faces questioning this week in a U.S. Senate hearing on his nomination to become a Supreme Court justice. More »
Activist investment fund Engaged Capital LLC on Thursday nominated five members for election to Rent-A-Center Inc’s board, stepping up its efforts to push the furniture retailer to sell itself. More »
Characters of Star Wars take part in an event held for the release of the film ‘Star Wars: The Force Awakens’ in Disneyland Paris in Marne-la-Vallee, France, December 17, 2015. REUTERS/Benoit Tessier Walt Disney Co and major retailers will release the galaxy’s... More »
The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/Illustration/File Photo Gupta and Valentina Za More »
Lens producers Essilor’ s logo is seen in an optician shop in Paris, France, March 15, 2016. REUTERS/Philippe Wojazer Italy’s Luxottica (LUX.MI) and France’s Essilor (ESSI.PA) confirmed on Monday plans to agree on a merger worth some 46 billion euros ($48.83 b... More »
People walk with shopping bags in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly A jump in consumer spending in the final stretch of December significantly offset a slow start to the U.S. holiday shopping season, and is likely to help m... More »
Shoppers stand in a checkout line during Black Friday sales at a Target store in Culver City, California, U.S. November 25, 2016. REUTERS/David McNew Sales and traffic at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year... More »
A group of 40 investors managing $1.25 trillion in assets have launched a campaign to encourage 16 global food companies to change the way they source protein for their products to help to reduce environmental and health risks. More »
LOS ANGELES/NEW YORK It’s been five years since fans of “Harry Potter” tearfully said goodbye to the boy wizard they had grown up with, but a new play, book release and spin-off film are casting his spell all over again. Fans around the world went into mournin... More »
NEW YORKFormer supermodel Kathy Ireland has a very familiar face, but these days, it is her apparel and home furnishing brands that grab attention. For someone who was not taken seriously in the business world at first, Ireland now has a net worth of almost a ... More »
FAYETTEVILLE, Ark. Wal-Mart Stores Inc executives touted the technology investments the world’s No. 1 retailer is making to boost online sales, during the annual shareholder meeting on Friday. Chief Executive Officer Doug McMillon spoke about initiatives like ... More »
WASHINGTON Facebook Inc (FB.O) prohibited global users from coordinating person-to-person private sales of firearms on its online social network and its Instagram photo-sharing service on Friday, countering concerns that it was increasingly being used to circu... More »
CHICAGO Sales at U.S. brick-and-mortar stores on Thanksgiving Day and Black Friday were down slightly from last year, but the performance was still seen as strong in a holiday shopping season where discounts spread well beyond the weekend and many shoppers mov... More »
NEW YORK At some Macy’s outlets this holiday season, shoppers who download the retailer’s app will be able to use their smart phones to guide them through the store to products they’re seeking. At JCPenney, customers will be able to take a snapshot of, for exa... More »
Wal-Mart Stores Inc (WMT.N) has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore. The world’s largest retailer by revenue will, for the first time this year, launch all its Cyber Monday deals on the S... More »
LONDON Online retailer Amazon has stepped up the pressure on Britain’s traditional supermarkets with the nationwide launch on Friday of a packaged groceries offer for Amazon Prime members. The move is the ecommerce giant’s most ambitious foray into Britain’s g... More »
BOSTON Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud. But they are being resisted by the banking industry, which se... More »
Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores (WMT.N). Now they are bracing for the pressure to ratchet up even more after a shock earnings warning from the retailer las... More »
A federal probe into allegations of corruption at Wal-Mart Stores Inc’s (WMT.N) operations in Mexico have found very little, and is likely to result in a much smaller case than investors expected, The Wall Street Journal reported citing people familiar with th... More »
Big fish Chinese gamblers afraid of a corruption crackdown and poorly paid Walmart workers in the United States might seem to have little in common. But in the global economy, they are in some ways two sides of the same coin, and to understand that is to under... More »
PARIS/SINGAPORE Uber Inc’s aggressive global expansion is looking costlier and riskier than ever as the company struggles with regulatory and competitive obstacles in major markets. Just last week, the company faced a police raid on its European headquarters i... More »
An investigation by the British Broadcasting Corporation (BBC) has revealed that more than 80 calls were made to ambulances by Sports Direct employees at its headquarters in Derbyshire for “life-threatening illnesses”. The figures, which came from a Freedom of... More »
The Walt Disney Co on Tuesday named two executives to newly created positions in its Disney/ABC Television Group to focus on digital media and consumer experience at a time when TV viewing habits are rapidly changing. Cindy Davis, most recently head of global ... More »
WASHINGTON A speeding Wal-Mart truck driver who had been awake for 28 hours was held responsible on Tuesday for a 2014 highway crash that left “30 Rock” star Tracy Morgan with brain injuries and killed a fellow comedian, U.S. transport regulators said. The Nat... More »
LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »
