Retail

Bloomberg With President Donald Trump slapping 25% tariffs on $200 billion in Chinese goods, those companies who’d already started moving production outside China are looking pretty smart. But those shifts come with their own headaches. Take Tapestry Inc, owner of the Coach and Kate Spade brands. As it relocates more manufacturing outside China, interim finance chief Andrea Shaw Resnick says …

Bloomberg Wm Morrison Supermarkets Plc reported its slowest quarterly revenue growth in at least a year and said it’s loosening a pact with online retailer Ocado Group Plc so that it can add other digital partners. Comparable retail sales rose 2.3% in the first quarter. The figure missed analysts’ 2.5% estimate. Chief Executive Officer Dave Potts faces the challenge of …

Bloomberg Amazon.com Inc’s pledge last month to pump $800 million into making next-day delivery the new standard upped the pressure on its brick-and-mortar rivals to spend more trying to catch up all over again. That’s good news for logistics startups helping Walmart Inc, Best Buy Co, Macy’s Inc and other retailers compete online. These upstarts, often led by Amazon alumni, …

Bloomberg Nestle SA’s US unit will dismiss about 4,000 workers as it stops delivering frozen pizza and ice cream directly to stores and transitions to a warehouse model that’s becoming an industry standard for Big Food companies looking to trim costs. The company said that it’s shutting down its direct-to-store delivery network for products like DiGiorno and Skinny Cow beginning …

Bloomberg Walmart Inc wants to change how its work gets done. US’s biggest private employer is testing out a comprehensive new framework for how its stores operate, including changing some roles and responsibilities and emphasizing teamwork, accountability and skill improvement. The new model, dubbed “Great Workplace,” is already in place in about 75 locations, primarily its smaller Neighborhood Market grocery …

Bloomberg Hudson’s Bay Co said it’s pursuing strategic options for the struggling Lord & Taylor chain, including a potential sale or merger, as the Canadian retailer refocuses on its best performing units such as Saks Fifth Avenue. CEO Helena Foulkes says the move “is another example of how we are exploring options to position HBC for long-term success.” Hudson’s Bay …

Bloomberg Amazon.com Inc, seeking to portray itself as a job creator fueling small-business innovation rather than an out-of-control corporate beast that needs to be tamed, said it helped mom-and-pop companies create 1.6 million jobs in 2018, up from 900,000 the year before. The company released a report, during National Small Business Week, for circulation to elected officials as part of …

Bloomberg Equities slumped globally and Treasury futures climbed with other haven assets after President Donald Trump’s threat to increase tariffs on Chinese imports called into question the chances of a resolution to the trade war. The yen rose while crude oil slid. Futures on the S&P 500 index sank as much as 2.2 percent, signalling a punishing start to the …

Bloomberg KFC and Taco Bell have again propped up parent Yum! Brands Inc, whose total sales topped estimates last quarter, but the company’s Pizza Hut chain is another story. The shares fell the most in almost three months. The chicken and Mexican businesses helped drive Yum’s same-store sales up 4 percent in the period, topping projections for 2.7 percent growth …

Bloomberg Adidas AG shares soared to a record as the German sportswear giant tapped the marketing power of soccer star Lionel Messi and celebrities like Kanye West to boost sales in China, extending its half-decade hot streak. The German sports apparel maker benefited from double-digit growth in the Asian nation in the first quarter, compensating for weakness in Europe and …