Retail

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 …

Bloomberg Land Securities Group wrote down the value of its UK shopping centres by 11.7 percent as rental income declined and battered retailers shuttered more stores. Britain’s second-largest real estate investment trust lost about 10 million pounds ($13 million) of rent from retailers in the financial year that ended on March 31. That was outweighed by rising rents in the …

Bloomberg Consumer goods giant Unilever is considering a $1 billion offer for US skin-care brand Drunk Elephant, the Sunday Telegraph reported, without saying where it got the information. Drunk Elephant, founded in 2012 by Texan mother-of-four Tiffany Masterson and which makes skin-care products with natural, nontoxic ingredients, hired investment banks in January to explore a sale, according to the Wall …

Bloomberg Carrefour SA is weighing options including a sale of its Chinese business, mirroring other international consumer firms that have decided to exit the country in recent years, people familiar with the matter said. The French retail giant is working with an adviser and has begun reaching out to potential suitors, the people said, asking not to be identified because …

Bloomberg Pop star Rihanna is joining LVMH to launch a fashion house under her Fenty brand, pairing the world’s largest luxury conglomerate with one of the biggest cultural influencers. The Paris-based label will make its debut this spring, selling ready-to-wear clothing, shoes and accessories, LVMH said in a statement confirming earlier reports on the plans to expand their partnership. The …

Bloomberg Malaise in the shopping mall is certainly no secret, with thousands of stores shutting and some familiar names disappearing. Struggling women’s apparel merchant Chico’s FAS Inc now has a potential lifeline — which it may throw back. The retailer said it would review an unsolicited buyout bid from Sycamore Partners, the owner of office supply giant Staples Inc and …

Bloomberg Steinhoff International Holdings NV was for many years run by a board of tight-knit people, many of whom had done business together for decades. Just how close they were became apparent with the release of Steinhoff’s 2017 annual report, which identified a plethora of related-party transactions that the company now says weren’t properly disclosed according to best corporate governance …