Retail

Bloomberg Beyond Meat Inc has another high-profile fast-food partner — KFC — to help the faux meat maker tackle a plant-based substitute for a different major protein source: chicken. KFC, owned by Yum! Brands Inc, will test plant-based nuggets and boneless wings at one of its Atlanta restaurants on Tuesday. The location will offer complimentary samples to customers who purchase ...

Bloomberg Home furnishing giant Ikea has seen sales growth soften for three consecutive years in China as the country grapples with a slowing economy and waning consumer confidence caused by a grinding trade conflict with the US. Still, the Swedish retailer is pressing ahead with $1.4 billion of investment in the next 12 months and opening four more stores in ...

Bloomberg The union behind the “Fight For $15” campaign that successfully raised the floor for low-wage work in much of the US has a new target: Highway rest stops, where government ownership and oversight could help establish labour’s long-sought foothold in fast food. Fast-food workers at several Connecticut highway rest stops will announce wage theft claims against several companies including ...

Bloomberg Target Corp will create a dedicated section for Walt Disney Co products inside some of its stores just in time for the holidays, looking to boost sales of everything from dolls to lightsabers. The discount retailer will open Disney-themed sections in 25 stores in early October, with another 40 coming within the next year, the companies said in a ...

Bloomberg Walmart Inc isn’t the only corporation that has seen its Tesla Inc solar panels catch fire. Amazon.com Inc said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel system that Tesla’s SolarCity division had installed. The Seattle-based retail giant said by email that it has since taken steps to ...

Bloomberg Kraft Heinz Co could end up as one of the biggest junk issuers if it doesn’t take its debt load by mid-2021. S&P Global Ratings said it could cut the packaged-food company to speculative-grade if it doesn’t boost earnings, pay down some of its more than $30 billion of long-term debt, or both. Roughly two-thirds of those borrowings currently ...

Bloomberg A quarter of Chinese production capacity used by global sportswear brands is lying idle, according to a manufacturing executive, as the protracted trade war pushes the biggest sports labels out of the Asian nation’s factories. The exodus is forcing factories to offer discounts of 10 percent to companies such as his to use their dormant production lines, Chinese sportswear ...

Bloomberg Gap Inc reported another quarter of declining sales at its namesake brand and Old Navy, rattling investors who are still waiting for more details on the planned spinoff of the discount chain. Same-store sales, a closely watched metric in retail, fell 4 percent at the overall company in the second quarter, which was worse than expected. Old Navy, which ...

Bloomberg An association of independent mailbox-store owners is forming a national network for receiving e-commerce packages, seeking to add a layer of security for consumers while capitalising on the surge of online shopping. Retail Shipping Associates (RSA) plans to announce an effort to organise the group’s stores under a national brand called the Package Hub Business Center, which consumers would ...

Bloomberg Kohl’s Corp rose in early trading after CEO Michelle Gass said comparable sales gained ground in the latter part of the second quarter and that store traffic is on the rise, thanks to its partnership with Amazon.com. While same-store sales fell 2.9 percent for the full quarter, missing analysts’ projections, according to Consensus Metrix, Kohl’s posted profit of $1.55 ...