Retail

Bloomberg EBay Inc is selling its ticket marketplace StubHub to European rival Viagogo for $4.05 billion in cash, allowing the company to focus on its main retail site and address pressure from shareholder activists. Starboard Value and Elliott Management Corp, the New York-based hedge fund run by billionaire Paul Singer, earlier this year proposed a plan to improve EBay’s performance, …

Bloomberg Anta Sports Products Ltd is considering a sale of its fitness equipment brand Precor Inc after receiving approaches from potential buyers, according to people familiar with the matter. The biggest sportswear maker in China is working with an adviser for a potential sale of the US business that could fetch about $500 million, said the people, who asked not …

Bloomberg US mall foot traffic rose 2.5% for the latest four-week period from a year earlier, as the Thanksgiving holiday approached, according to Thasos Mall REIT Foot Traffic Index. Growth, as shown by mobile phone usage in malls, had slowed in September and October ahead of the key shopping season. The SPDR S&P Retail ETF fell 1.2%, while the S&P …

Bloomberg Tesco Plc is hitting back at Amazon.com Inc and discounters that are stealing its lunch by borrowing from the US e-commerce giant’s own playbook. Britain’s largest retailer this month introduced Clubcard Plus, a subscription-based loyalty plan where customers pay a monthly fee to receive special deals. It expands on Tesco’s existing points-based system with a business model more in …

Bloomberg LVMH agreed to buy Tiffany & Co for more than $16 billion in the largest luxury-goods deal ever, raising the French conglomerate’s profile in jewellery and giving it access to a broader swath of shoppers in the US and Asia. The owner of the Louis Vuitton brand agreed to pay $135 a share for the US jeweller, according to …

Bloomberg Amazon.com Inc is counting on a smartphone app known for cheap deals to lure Chinese consumers during the Black Friday online spree, in a partnership that extends to the end of the year. The US e-commerce giant’s cross-border unit has just opened a storefront on Pinduoduo (PDD), China’s No. 3 online retailer after Alibaba Group Holding Ltd and JD.com …

Bloomberg Alibaba Group Holding Ltd has attracted about 200,000 investors to apply for the retail portion of its Hong Kong share sale, Hong Kong Economic Times reported, citing unidentified sources. It would make Alibaba the most popular listing of the year by the number of subscribers, the paper said, while adding that the number of retail buyers is less than …

Bloomberg Walmart Inc’s Jet subsidiary is ending its fresh-food delivery business just a year after introducing the service in New York City, another sign that the urban-focussed site is scaling back. The retailer will close a warehouse in the Bronx it was using to prepare orders and also let some drivers go, resulting in the loss of between 200 and …

Bloomberg Berkshire Hathaway Inc’s new wager on furniture retailer RH has Warren Buffett’s company in a place it rarely finds itself: invested in a heavily shorted stock. RH is the most popular short in the home-furnishing retail sector with 37% of the shares available to trade on loan to bears, according to data from financial analytics firm S3 Partners. The …

Bloomberg Twenty-time Grand Slam tennis champion Roger Federer has bought a stake in Swiss running shoe manufacturer On, a move prompted by the end of his contract with Nike Inc and as he plans for life after professional tennis, Swiss newspaper NZZ am Sonntag reported. “I am excited to be able to work with a young Swiss company that’s on …