Retail

Bloomberg Nestle SA is preparing for post-pandemic coffee growth as the world’s largest food company rolls out touchless machines for the office and bets new flavors will win over more consumers making coffee at home. The maker of Nespresso and Nescafe is planning a wider introduction of machines that can be controlled via smartphone, catering to concern about viral transmission, …

Bloomberg Zomato Pvt, an Indian food delivery startup backed by Jack Ma’s Ant Group, is planning to file the draft prospectus by April for its initial public offering that could raise about $650 million, according to people familiar with the matter. The company could complete the listing in Mumbai before the end of September, the people said, asking not to …

Bloomberg Three years ago, Walmart Inc. offered hundreds of thousands of its US workers a new perk to keep them from quitting. Employees loved it. Rivals copied it. Now Walmart has reached a conclusion: It hasn’t quite worked as expected. The perk is an app that gave employees the ability to tap their wages before payday, along with a bevy …

Bloomberg Walmart Inc. has removed rules requiring sellers on its marketplace website to be registered in the US — an attempt to close the e-commerce gap with Amazon.com Inc. and tap into China’s vast network of manufacturers. This month, the world’s largest retailer began opening up its third-party marketplace to foreign sellers, who no longer need a US address or …

Bloomberg German beauty retailer Douglas GmbH is tackling its 2.1 billion-euro ($2.5 billion) debt pile after struggling through a series of pandemic-fueled lockdowns that shuttered its stores across Europe for almost a year. The 179-year-old firm, owned by CVC, is seeking to refinance its bonds and loans with new debt supported by a 220 million-euro equity injection. CVC was coming …

Bloomberg Nike Inc. fell the most since October after its pandemic rebound suffered a setback last quarter, when supply-chain problems kept products from reaching North America, its biggest market. The athleticwear giant, which posted surprisingly strong growth in the previous quarter, missed Wall Street estimates with its latest results. Sales amounted to $10.4 billion in the third quarter — far …

Bloomberg Canadian retailers got a boost in February after public-health authorities lifted lockdowns. Retail sales rise 4.0% on the month, preliminary data by Statistics Canada show. The bounce-back comes after a 1.1% drop in receipts in January and a 3.7% decline in December, when many businesses were forced to close because of a second wave of Covid-19 pandemic. But the …

Bloomberg Fashion designer Brandon Maxwell has dressed Lady Gaga, Michelle Obama and Meghan Markle. Soon, Walmart Inc. shoppers can wear his styles, too. The world’s largest retailer hired Maxwell as the first-ever creative director for its Scoop and Free Assembly fashion brands, it said in a statement. Maxwell, 36, will oversee four seasonal collections a year for the two labels, …

Bloomberg Jollibee Foods Corp., the largest Philippine restaurant operator, is looking toward foreign expansion and “opportunities” created by Covid-19 as it rebounds after historic losses induced by the pandemic. After a restructure amid last year’s setback, Jollibee CEO Ernesto Tanmantiong plans to open 450 restaurants around the world this year while looking for acquisitions that could be funded with the …

Bloomberg Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, some existing investors plan to sell shares, Deliveroo said in a statement, without providing details. Deliveroo, whose backers include Amazon.com Inc., was …