Retail

Bloomberg Ryanair Holdings Plc joined a chorus of European carriers in warning that a fare war and weakening economies may hold back earnings this year. Shares of the region’s biggest discount airline fell the most in six months on Monday as it posted a 39 percent drop in net income for the 12 months through March and said profit could ...

Bloomberg Target Corp rolled out a Vineyard Vines collection with perhaps inevitable results: buyers snapped up lower-priced versions of the upmarket brand, irritating some shoppers looking for a less predatory retail experience. “So it begins, everything is already sold out online and posted to eBay,” Kayla Griffin, 30, a photographer in Washington who wanted to purchase products from the new ...

Bloomberg Avianca’s dollar bonds are trading at distressed levels following a spate of bad news for Colombia’s biggest airline. Avianca Holdings SA $550 million of dollar bonds due in May 2020 plunged this week, sending the yield to 18.6 percent, from 9.7 percent at the start of the month. The shares also fell to a record low, making them both ...

Bloomberg At a traditional tailor shop, the kind that’s been around for centuries as an atelier for bespoke suiting, the personal touch has always been vital. Shoppers have relationships with their tailors, who know their style and what they’d want to wear. Now that relationship is getting a technological makeover. Knot Standard, a custom-suit startup backed by more than $25 ...

Bloomberg Amazon.com Inc is leading a $575 million investment in Deliveroo, buying a slice of the fast-growing startup to propel its drive into the European food and groceries business. The US online retail giant will be joined in the Series G funding round by existing backers T Rowe Price, Fidelity Management and Research Co and Greenoaks, Deliveroo said in an ...

Bloomberg Walmart Inc’s Asda reported its eighth consecutive quarter of growth after the US retail giant said that it was “seriously” considering an initial public offering for the UK grocer in the future. Asda delivered 0.5 percent like-for-like sales growth excluding petrol for the first quarter of 2019. Figures were adjusted to account for the later Easter date compared to ...

Bloomberg Walmart Inc wants to one-up Amazon.com Inc in the fight for online shoppers. The world’s largest retailer is rolling out a next-day delivery service to counter Amazon’s recent move to speed shipment times for top customers to just one day from two. Walmart customers in Phoenix and Las Vegas who buy at least $35 worth of goods was expected ...

Bloomberg The world’s largest chocolate market is finally getting a taste of the ruby range, the first new type in more than 80 years. Switzerland’s Barry Callebaut AG, the top maker of bulk chocolates, is rolling out its ruby breakthrough in the US almost two years after announcing the discovery. The new type of chocolate, with its pinkish hue, expanded ...

Bloomberg Amazon.com Inc is launching a delivery option that will let customers retrieve parcels from staffed counters at UK and Italian retailers, aiming to take advantage of the popularity of click-and-collect services across Europe. The US online retailer has struck a partnership with Next Plc to operate the counters at the apparel chain’s more than 500 outlets across Britain, where ...

Bloomberg Fast Retailing Co, Asia’s largest retailer, said hackers may have gained access to the personal information of about half a million users of its Uniqlo and GU brand e-commerce portals. Hackers accessed at least 460,000 accounts registered on Fast Retailing’s Japanese shopping websites, the company said. Users’ personal information, purchase history and parts of credit card numbers may have ...