Bloomberg Best Buy Co.’s turnaround journey only gets harder from here. The retailer, which is rolling out new offerings to grab more of its customers’ spending, faces a suite of challenges: tougher year-ago comparisons, the continued encroachment of Amazon.com Inc. and the cost of launching a new tech-support program. The consumer spending boost fuelled by the recent tax cuts in ...

Bloomberg United Continental Holdings Inc.’s board named former Federal Aviation Administration (FAA) boss Jane Garvey to be chairman, as the carrier works to improve operations and close a profit gap with rivals. Garvey succeeds Robert Milton, a former Air Canada chief executive officer who led United’s board for two years and announced plans last month to step down. Garvey, who ...

Bloomberg Lowe’s Cos.’ incoming chief executive officer has some repair work ahead of him. Fortunately, the improving US weather makes for perfect conditions. The home-improvement chain, which named J.C. Penney Co.’s Marvin Ellison as CEO, posted profit and comparable sales that missed estimates in its first fiscal quarter as chilly weather in the US weighed on results. But activity began ...

Bloomberg Marks & Spencer Group Plc Chairman Archie Norman broke with convention when he arrived at the UK retailer’s London headquarters last year, turning down a private office and positioning his desk prominently out in the open. From his perch in the engine room of a once-proud British institution that’s fallen on hard times, Norman quickly started asking questions about ...

Bloomberg Delta Air Lines Inc.’s planes and airport operations will soon be awash in shades of purple, red, gray and pink as the company joins an industry rush to refresh employee attire. All 60,000 uniformed workers will switch May 29 to the new outfits, which include flight-attendant clothing designed by Zac Posen and made by Lands’ End Inc., Delta said ...

Emirates Business The Global Manufacturing and Industrialisation Summit (GMIS) — the pioneering cross-industry forum that aims to unify the world in shaping the future of manufacturing — announced that Russia has secured the rights to host its second edition in 2019 in the city of Yekaterinburg. The announcement was made by the President of the Russian Fedration, Vladimir Putin, during ...

SAN SEBASTIAN / WAM The total contribution of travel and tourism to the nation’s GDP was AED154.1bn, 11.3 percent of UAE’s GDP in 2017 and is forecast to rise by 4.9 percent in 2018, Mohammed Khamis Al Mheiri, Under-Secretary of the Ministry of Economy and Advisor to the Minister for Tourism Affairs, said during the UAE’s participation at the 108th ...

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) in collaboration with Kuwait Business Council in Dubai and the Northern Emirates, organised a Ramadan Majlis in the presence of Abdullah Al Muwaiji, Chairman of ACCI, and Diab Al Rashidi, Consul General of Kuwait. It reflected the chamber’s keenness to strengthen frameworks of joint economic cooperation and explore available ...

DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with 3M, an international company specialised in research and development, to exchange and share knowledge and expertise in anticipating the future and developing disruptive innovation in Dewa’s work. This is part of Dewa’s efforts to keep pace with the Fourth Industrial Revolution. The ...

DUBAI / Emirates Business DMCC and Emirates Post Group announced the signing of a Memorandum of Understanding (MoU). The agreement sees the provision of dedicated Emirates Post Business Boxes, and a range of exclusive postal services to DMCC’s 15,000 plus member companies, and its Jumeirah Lakes Towers (JLT), community of over 100,000 people. Ahmed bin Sulayem, DMCC Executive Chairman, and ...