Retail

Bloomberg Pier 1 Imports Inc is planning to dismiss about 40% of its headquarters staff and shut about 450 stores in an attempt to overhaul the troubled home furnishings business. The retailer has drafted a bankruptcy plan and last month made a presentation to creditors that envisioned a smaller company with about $900 million in annual sales, according to people …

Bloomberg Takeaway.com NV is set to declare final victory in the five-month takeover battle for UK food-delivery company Just Eat Plc, people with knowledge of the matter said. Investors holding more than half of Just Eat stock have indicated they’ll agree to Takeaway’s all-stock bid, which values the company at about 6 billion pounds ($7.8 billion), according to the people. …

Bloomberg Amazon.com Inc signed pacts with the Future Group to sell products from India’s second largest brick-and-mortar retailer on its online marketplace, as they fend off rivals in the world’s last big untapped retail market. Amazon will become the authorised online sales channel for Future Retail Ltd’s stores, which sell everything from groceries to cosmetics and apparel, according to an …

Bloomberg Little Caesars Enterprises Inc has teamed up with DoorDash Inc to offer nationwide delivery, as it seeks to navigate the expanding world of mobile and online ordering that’s threatening to sap business from laggards. Starting from Monday, delivery will be available at about 90% of Little Caesars’ US locations. The prices are the same as carryout, plus a $2.99 …

Bloomberg The milk float, a home-delivery service that evolved from horse-drawn carriages to early electric vehicles, belongs firmly in the past. Or does it? A little known Amsterdam-based online grocery company had revived the concept, but with a modern flourish. Picnic BV has a concept dubbed “Milkman 2.0” to deliver groceries using electric vehicles, focussing on less food waste and …

Bloomberg Hudson’s Bay Co chairman Richard Baker raised his offer to take the struggling retailer private, handing a victory to minority shareholders including Catalyst Capital Group Inc that fought to derail the original bid. Hudson’s Bay said in a statement it agreed to a new bid by Baker and a group of allies, who together control the company. The offer …

Bloomberg Just before Christmas last year, a trip to Nintendo Co’s flagship store in Tokyo would have required an hour’s wait just to get in and buy a plush Mario toy or a set of chopsticks bearing Luigi’s face. Opened in November on the sixth floor of the renovated Shibuya Parco shopping mall, the constantly packed 300-square-metre showcase exhibits the …

Bloomberg Hong Kong’s retail sales posted another double-digit decline in November as visitor arrivals to the financial centre plunged. Retail sales by value retreated 23.6% in the month from a year earlier, extending the run of declines to ten months. The decline in November was slightly better than economists’ expectation and the record contraction in October. By volume, sales contracted …

Bloomberg Amazon.com Inc is considering opening offline retail stores in Germany, newspaper Die Welt reported, citing an interview with Ralf Kleber, head of the company’s operations in the country. Kleber didn’t specify the timing of the plan. Amazon already operates offline stores in the US and the UK, including Amazon Go supermarkets and the Whole Foods Market chain. It has …

Bloomberg Pier 1 Imports Inc is planning a significant increase in store closings as the distressed home-furnishings chain seeks to cut costs and turn around operations. The company expects to announce the new round of shutdowns when it reports results for its third fiscal quarter next week, according to people with knowledge of the plan. The company aims to restructure …