Retail

Bloomberg Dean & DeLuca, the gourmet grocer whose trend-setting New York store introduced Americans to international delicacies more than four decades ago, is struggling to hold on amid stalling sales and a cutthroat competitive landscape. Some shelves at its flagship store are bare, and suppliers have gone to court over unpaid bills. Other US locations have been shut, leaving Dean …

Bloomberg Walmart Inc is conducting its second US restructuring in as many months to better integrate its money-losing online business with its 4,700 physical stores. The world’s largest retailer will merge the logistics and finance teams for its e-commerce unit and stores, according to an internal memo obtained by Bloomberg News. The company’s merchandising operation, which makes critical decisions on …

Bloomberg GrandVision NV surged after Ray-Ban sunglasses owner EssilorLuxottica SA began takeover talks in a deal that would value the smaller Dutch eyewear retailer at about $8 billion. EssilorLuxottica is holding talks with GrandVision’s controlling shareholder, HAL, to buy the firm’s approximately 77 percent stake, HAL said in a statement in response to a Bloomberg report, which was confirmed later …

Bloomberg Swatch Group AG shares gained after the Swiss watchmaker said it’s cracking down on unauthorised sales in an attempt to fetch higher prices. The owner of Omega and Tissot reported a decline in first-half sales as it took aim against so-called gray-market distributors that have eroded its pricing power. It also suffered from a drop of more than 10 …

Bloomberg Asos Plc plunged after the online fashion retailer warned that earnings will slump this year, putting pressure on Chief Executive Officer Nick Beighton as he tries to fix distribution issues and prop up a falling stock price. Profit before tax may fall as much as 71 percent, Asos forecast. Shifting to new technology at US and European warehouses is …

Bloomberg Amazon.com Inc captured the bulk of online spending during the first 24 hours of its Prime Day event, showing that customers continue to flock to the site for deals despite competing discounts offered by Walmart Inc, EBay Inc and Best Buy. Online shoppers spent more than 10 times as much money on Amazon in the first day than they …

Bloomberg Burberry Group Plc surged as demand for its social-media-savvy designer’s revamped looks took off in China. Store sales rose 4 percent on a comparable basis for the three months through June, double the rate analysts predicted. New collections from Riccardo Tisci, who joined the UK luxury brand last year after winning fame at the French fashion house Givenchy, delivered …

Bloomberg Internet searches for “Cancelling Amazon Prime” were 18 times higher during Prime Day — the beginning of Amazon.com Inc’s two-day sale — than the previous day, according to search intelligence firm Captify. The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer. “If Amazon is hoping …

Bloomberg Amazon’s Prime Day gives shoppers an opportunity to flex their deal-spotting muscles ahead of Black Friday. It also gives package thieves their own chance to warm up. Although the weeks between Thanksgiving and Christmas see far more parcel deliveries—and therefore, more brazen from-the-stoop thefts, Prime Day’s limited 48-hour window creates a concentrated opening for “porch pirates” to make their …

Bloomberg Fast Retailing Co’s profit fell short of analyst estimates as weakness in the Uniqlo owner’s home market of Japan overshadowed a strong showing in overseas markets, particularly China. Operating profit rose to 74.8 billion yen ($692 million) in the three months ended on May 31, according to a statement from Asia’s largest retailer. That compares with analysts’ average estimate …