Retail

Bloomberg Marks & Spencer Group Plc fell the most in two and a half years after the retailer said it will finance a nearly $1 billion investment in online retailer Ocado Group Plc with new shares and cut its dividend. M&S plans to offer as much as 600 million pounds ($797 million) in new stock to help pay 750 million ...

Bloomberg JD.com Inc. posted fourth-quarter revenue ahead of estimates, as Singles’ Day promotions helped the Google-backed online retailer fend off competition despite a decelerating Chinese economy. Sales for the three months ending December hit 134.8 billion yuan ($20.2 billion), surpassing the average projection of analysts. The Beijing-based company expects revenue this quarter of 118 billion yuan to 122 billion yuan, ...

Bloomberg Costco Wholesale Corp. may be a latecomer to e-commerce, but consumers love it even more than Amazon.com Inc., according to a customer satisfaction survey released. The warehouse shopping club scored 83 on the annual American Customer Satisfaction Index, edging out Amazon’s score of 82. Amazon had topped the category since 2010, but its score slipped four points compared with ...

Bloomberg Farfetch Ltd. shares advanced for a third straight session and hit their highest levels of the year following an e-commerce pact with London-based luxury department store Harrods that may lead to more business from elite retailers. The stock gained as much as 9.4 percent and traded at its highest level since mid-December. Shares of the online retail apparel company ...

Bloomberg It would take a brave private equity investor to pounce on a UK retailer like Walmart Inc.’s Asda only five weeks before Brexit. KKR & Co. has teamed up with former Asda Chief Executive Officer Tony De Nunzio for early-stage considerations of a bid for the UK supermarket chain, according to a person familiar with the matter. The buyout ...

Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, has fully acquired Namshi, the leading regional fashion e-commerce retailer. This follows acquiring the remaining stake of Global Fashion Group (GFG) in Namshi, in an all-cash transaction of AED 475.5 million. GFG and Emaar Malls entered into a strategic partnership in 2017 when ...

Bloomberg Falling gasoline prices pushed down Canadian retail sales for a second straight month in December, ending what was a weak fourth quarter and lackluster year for the industry. Retailers posted a 0.1 percent drop in receipts in December, extending a 0.9 percent drop in November — the most sluggish back-to-back monthly performance last year. For all of 2018, sales ...

Bloomberg Internet retailers such as Amazon.com Inc., Asos Plc and Boohoo Group Plc should pay higher UK taxes to help save ailing shopping districts that are losing revenue to e-commerce, according to a government report. An online sales tax, higher value-added tax and “green taxes” on shipping and packaging should all be considered to help soften the blow to physical ...

Bloomberg Sweden’s largest food retailer ICA is preparing for its largest transformation yet to cater to a growing number of customers who want to shop for groceries online and have them delivered home. The 81-year-old company is following in the footprints of other Swedish retail giants like Hennes & Mauritz AB and Ikea in shifting investments towards e-commerce, advanced analytics ...

Bloomberg Debenhams Plc’s lenders are prepared to grant the struggling department store chain more credit in an effort to ward off a potential low-ball buyout from billionaire shareholder Mike Ashley. After extending a 40 million-pound ($52 million) loan facility to Debenhams last week, the group of about 10 firms including hedge funds Alcentra, Angelo Gordon & Co. and Silver Point ...