Retail

Bloomberg Yum! Brands Inc’s latest quarterly sales climbed more than expected, propelled by strength at Taco Bell and KFC, its strongest divisions. Even laggard Pizza Hut showed some new signs of life. Comparable sales at Yum rose 5 percent last quarter, up from 1 percent in the year-ago period. That topped the 3.1 percent average estimate from Consensus Metrix. Taco …

Bloomberg Bunge Ltd earnings surged in the second quarter as an investment in Beyond Meat Inc helped cushion the 201-year-old firm from a tough environment for agribusiness. Shares rose. Nearly half of Bunge’s better-than-expected earnings came from its investment arm’s stake in the faux-meat company. Beyond Meat has soared 680 percent since its May initial public offering as part of …

Bloomberg Shopify shares notched another record after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million, according to a company statement. Analysts were projecting $350.5 million. Shopify raised its 2019 revenue guidance to a range of $1.51 billion to $1.53 billion but kept …

Bloomberg L’Oreal SA shares tumbled as a drop in North American sales raised concerns that a makeup boom fuelled by beauty bloggers and selfies has lost steam. The stock fell as much as 4.9 percent in Paris trading, the most in three years. The sales decline in a crucial region came even as demand from China lifted the world’s biggest …

Bloomberg Shoprite Holdings Ltd rallied the most in 22 years after Africa’s largest food retailer said second-half sales climbed as it took market share. Sales in the second half rose 6.5 percent as its core South African business returned to full operational strength, the Cape Town-based supermarket operator said in a statement. The owner of chains including Checkers and U-Save …

Bloomberg UK demand for unsecured debt stabilised last month while mortgage approvals increased, Bank of England figures show. While households have been tightening their belts this year as Brexit clouds the outlook, the June figures suggest consumers, the mainstay of economic growth, are still willing to spend. Retail sales unexpectedly surged after two months of declines, ONS figures showed. Mortgage …

Bloomberg Primark is asking landlords to cut its rents in an attempt to compete with rivals that used insolvency proceedings to reduce costs and remain open, the Sunday Times reported, without saying where it got the information. The fast-fashion retailer is asking for cuts of as much as 30 percent on contracts with several years left in exchange for lease …

Bloomberg Beyond Meat Inc plummeted 11 percent on a plan by inside shareholders and the faux-meat company to sell more than 3 million shares, just three months after it went public. The transaction will let early investors such as Kleiner Perkins and Obvious Ventures and executives including Chief Executive Officer Ethan Brown take profits on a small portion of their …

Bloomberg Jumia Technologies AG’s plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: A lack of formal addresses for deliveries. That may be about to change due to an agreement with Vivo Energy Plc, the London-listed owner of more than 2,100 Shell and Engen-branded service stations across the …

Bloomberg Nestle SA shares gained to a record after a new line of Starbucks coffee products helped spur the food company’s fastest quarterly revenue growth in more than three years. Since February, the Swiss company has been selling Starbucks-branded capsules for Nespresso and Dolce Gusto machines, along with roast and ground. That’s boosting growth as the company forecast it may …