Retail

Bloomberg The chief executive officer of fashion giant Hennes & Mauritz AB says a growing movement that shames consumers represents a very real social threat. Karl-Johan Persson, the 44-year-old H&M CEO and son of its billionaire chairman, is speaking out as a pattern of shaming that initially targeted air travellers spreads into more industries, including his. The movement has gained ...

Bloomberg Walmart Stores Inc and CVS Health Corp are pulling some bottles of Johnson & Johnson’s baby powder off store shelves after government regulators found tiny amounts of asbestos in one lot of the talc-based product. Rhode Island-based CVS, the largest US pharmacy chain by locations, said it’s removing all 22-ounce-sized Baby Powder bottles from its stores and off its ...

Bloomberg The Popeyes restaurant chain is planning to bring back its overwhelmingly popular chicken sandwich, but this time it’s calling in reinforcements. Sun Holdings Inc, which operates about 150 Popeyes locations, will offer the item beginning in early November, according to Chief Executive Officer Guillermo Perales. To prepare, the restaurants are hiring additional 400 employees and may dedicate up to ...

Bloomberg LVMH has offered $14.5 billion for jeweller Tiffany & Co in a bid that could result in Chairman Bernard Arnault’s biggest ever takeover and expand the Louis Vuitton owner’s reach into the US. Tiffany said it received an unsolicited $120-a-share proposal from the luxury giant, after the French company confirmed a Bloomberg report that it was considering a bid. ...

Bloomberg Amazon.com Inc’s effort to get packages from warehouse to doorstep in a single day helped push the retail giant to its first year-over-year quarterly profit decline since early 2017. The spending binge isn’t over. Amazon Chief Financial Officer Brian Olsavsky said that the costs of the company’s one-day delivery push will total some $1.5 billion during the holiday quarter. ...

Bloomberg Coty Inc, under pressure to turn its business around, is considering a sale of its professional hair and nail products unit that includes the brands Wella, Clairol and OPI. The shares surged the most in more than five months. The cosmetics company hired Credit Suisse to help it explore options for the professional business, which sells to salons and ...

Bloomberg Procter & Gamble (P&G) Co climbed after raising the high end of its full-year sales forecast and posting organic sales growth across all its divisions. Organic sales, which exclude things like acquisitions and currency fluctuations, rose 7% in its fiscal first quarter, topping the average of analysts’ projections for 4.8% growth. Revenue in fiscal 2020 will increase 3% to ...

Bloomberg Destination Maternity Corp, billed as the world’s largest retailer of maternity clothes, sought court protection from its creditors after warning investors it might not be able to survive as an independent merchant. The chain, which hasn’t posted an annual profit since 2014, listed assets and liabilities of as much as $500 million in its Chapter 11 petition, filed in ...

Bloomberg Swiss watchmaker Swatch Group AG said it will let a licensing agreement with Calvin Klein expire after more than two decades. Recent “turbulence” at Calvin Klein’s management led to the decision to end the alliance, which covered watches and jewelry, the Swiss maker of Omega timepieces said in a statement. PVH Corp, the owner of Calvin Klein, named Cheryl ...

Bloomberg Coca-Cola Co’s international sales and low-sugar offerings like Coca-Cola Zero Sugar drove brisk revenue growth in the third quarter. Shares rose the most intraday since July. The beverage giant said unit case volume grew by 2%, while net revenue expanded 8% to $9.5 billion. The key metric of organic revenue, which strips out some items like currency effects, jumped ...