Retail

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 ...

Bloomberg Hugo Boss reported a plunge in first-quarter earnings amid a weak US market, a stumble as the German clothing retailer aims for growth this year. Operating profit fell 22 percent on higher costs related to marketing, online operations and reorganisation. Still, the company maintained its forecast for growth at a high-single-digit percentage rate for the full year. The shares ...

Bloomberg Apparel giant Gildan Activewear Inc is building a new manufacturing hub in Bangladesh, aiming to supply both Europe and a Chinese market that it described as “on fire.” The Montreal-based manufacturer of T-shirts and innerwear spent $45 million to buy land in the South Asian country, where it’s been since 2010 and currently employs 3,500 people. Gildan expects the ...

Bloomberg Neiman Marcus Group Inc is working with Lazard Ltd on the sale of luxury apparel platform MyTheresa, which may fetch more than 500 million euros ($560 million), people familiar with the matter said. Neiman said that it was evaluating options for MyTheresa, which has been at the centre of a dispute with creditors since the unit was effectively transferred ...

Bloomberg One of the last vestiges of traditional shopping habits is being laid to rest. Swedish fashion giant Hennes & Mauritz AB said it ceased publication of its print catalogue after 39 years with immediate effect. The move follows dwindling interest from customers in flipping through glossy pages of inventory when they can find the latest deals with their mobile ...