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Amazon plans second Prime Day in appeal to deal-hungry shoppers

  Bloomberg Amazon.com Inc. will hold a second Prime Day sale on October 11 and October 12 to boost sales among cost-conscious consumers who are expected to start their holiday shopping even earlier this year. This marks the first time the e-commerce giant has hosted the event twice in the same year. Retailers are bracing for a lackluster holiday that ...

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Walmart enters the metaverse with Roblox experiences

  Bloomberg Walmart Inc. is making its first move into the metaverse. The retailer will unveil two immersive experiences on Roblox Corp.’s virtual platform. Walmart Land will feature fashion, beauty and entertainment items, while Walmart’s Universe of Play will showcase toys, the company announced. Walmart follows companies from Nike Inc. to VF Corp. in a bid to get consumers’ attention ...

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Aldi trading accelerates as UK shoppers seek savings

  Bloomberg Aldi said that more British customers are visiting the discount grocery chain as their first and only supermarket as the higher cost of living weighs on shoppers in the UK. The grocer attracted 1.5 million extra customers over the past 12 weeks and sales of its gourmet Specially Selected range rose 29% as shoppers switched from more expensive ...

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McDonald’s hikes Japanese menu prices on plunging yen, inflation

Bloomberg McDonald’s Holdings Co Japan will raise menu prices for the second time this year, joining a growing number of businesses passing on the impact of the weakening yen and the highest inflation in decades to the consumers. The fast-food chain will raise the price of about 60% of its products by 10 to 30 yen ($0.07-$0.21) from September 30, ...

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Unilever CEO Jope to retire at end of 2023

  Bloomberg Unilever Chief Executive Officer (CEO) Alan Jope plans to retire at the end of next year following a tumultuous period where the company botched a potential $53 billion deal and irked investors with lackluster growth. Jope, 58, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor ...

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Apple begins making iPhone 14 in India ahead of schedule

Bloomberg Apple Inc began making its new iPhone 14 in India sooner than anticipated, after a surprisingly smooth production rollout that slashed the lag between Chinese and Indian output from months to mere weeks. The US tech giant made the announcement on Monday, weeks after the marquee device’s September 7 unveiling. It had worked with Foxconn Technology Group, its most ...

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Canadian retail sales rise slightly in August

  Bloomberg Canadian retail sales rise slightly in August, a welcome rebound from the largest decline in more than a year in July. Receipts for retailers increased 0.4% in August, Statistics Canada reported Friday in Ottawa, according to an advance estimate. That follows a 2.5% sales drop in July, which was the first decline in seven months and the largest ...

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Made.com seeks buyer due to inflation

Bloomberg Online furniture store Made.com Group Plc put itself up for sale after the cost-of-living crisis and supply-chain snarls severely disrupted a business that boomed during Covid-19 lockdowns. The UK company kicked off a strategic review, saying it hasn’t received any formal offers. Made.com said it’s considering debt financing, taking on a business partner or a complete sale or merger. ...

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Walmart wants to hire 40,000 holiday workers this year

  Bloomberg Walmart Inc, the largest private-sector employer in the US, aims to hire 40,000 seasonal workers for the holiday season this year — a sizable decrease from 2021. A year ago, the retail giant said it would add 150,000 jobs, many of them permanent, during the year’s busiest shopping season. In the coming months, Walmart will start by offering ...

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Bezos, Jassy may be forced to testify in probe

  Bloomberg Amazon.com Inc lost a bid to exclude top executives including billionaire founder Jeff Bezos and CEO Andy Jassy from having to testify in a Federal Trade Commission probe. The company filed a petition with the FTC last month, arguing that the agency’s information and interview requests were “unduly burdensome.” In an order, the FTC rejected that request, saying ...

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