Retail

Bloomberg Beyond Meat Inc. is pushing further past its plant-based beef into poultry, and Chief Executive Officer Ethan Brown says that product line will finally get more attention in 2020. “You’ll see some exciting things from us in the poultry space in 2020,” Brown said in an interview with Bloomberg TV about his inclusion on this year’s Bloomberg 50 list. …

Bloomberg Hudson’s Bay Co. Chairman Richard Baker may scrap an offer to take the struggling retailer private after regulators delayed a vote on the deal following complaints from a minority shareholder. The investor group that controls the owner of Saks Fifth Avenue is “evaluating next steps, including terminating the transaction,” according to a memo sent to advisers. The group plans …

Bloomberg Online shoppers are getting fewer discounts on toys this holiday season, despite an effort by retailers to start sales earlier to offset a shorter shopping season. Toys were discounted on average 15-18% this year compared to average drop in pricing of 31% last year, UBS analyst Arpine Kocharyan wrote in a note, citing e-commerce trends tracked by Adobe Inc. …

Bloomberg Sports Direct International Plc surged the most in a decade after the UK retailer said it’s seeing “green shoots of recovery” at its troubled House of Fraser department stores. The company, controlled by billionaire Mike Ashley, acquired the chain last year as the UK’s retail crisis deepened. Sports Direct said the outlook for House of Fraser is brightening after …

Bloomberg Nestle SA Chief Executive Officer (CEO) Mark Schneider keeps cutting the sugar and fat. The question is what he’ll add to spur growth at the world’s biggest food company. In the CEO’s second-biggest disposal, the Swiss company sold its US ice cream business to a joint venture with private equity firm PAI Partners for $4 billion. That adds the …

Bloomberg A growing number of sellers on Amazon.com Inc’s platform are finding how painful it can be when Amazon’s absolute power over their small businesses meets a bureaucratic US government system not built for the 21st century. The issue involves trademarks filed with the US Patent and Trademark Office (PTO), a federal agency meant to ensure brands big and small …

Bloomberg Ted Baker Plc’s top management quit and the UK fashion chain suspended its dividend, triggering a plunge in the shares to the lowest since 2003. The power vacuum leaves Ted Baker floundering as it tries to contain the fallout from allegations against its founder, Ray Kelvin, and the overstatement of unsold goods. The shares fell as much as 36% …

Bloomberg Hudson’s Bay Co. Chairman Richard Baker’s plans to take the Canadian retailer private were dealt a setback as a prominent shareholder advisory firm came out against the deal. Institutional Shareholder Services Inc. urged investors to vote against Baker and his partners’ plans to take the owner of Saks Fifth Avenue private for C$1.9 billion ($1.4 billion). The advisory firm …

Bloomberg Tesco Plc analysts see the potential for a special dividend after the UK supermarket chain confirmed it’s carrying out a strategic review of its operations in Thailand and Malaysia. The Asian assets could be worth as much as 9.5 billion pounds, which would hypothetically equate to a special dividend of up to 100 pence a share when adjusting for …

Bloomberg Britain’s biggest supermarket chain, Tesco Plc, is considering the sale of its supermarket businesses in Thailand and Malaysia. The UK company is carrying out a strategic review of the businesses after receiving what it called inbound interest, according to a statement. The deal could value the operations at as much as $9 billion, Dow Jones reported earlier, citing people familiar …