Retail

  Bloomberg Amazon.com Inc will start charging fees to online shoppers for grocery orders of less than $150, underscoring the challenging economics of getting food to shoppers’ doorsteps. The new fees coincide with the company’s efforts to cut costs and adjust to slower growth in online shopping. Charges for the Amazon Fresh grocery delivery service in the US will be ...

  Bloomberg Levi Strauss & Co. reported quarterly revenue that exceeded expectations, suggesting fears of a denim slowdown were overblown amid strong momentum in the direct-to-consumer business and improving trends in Europe. Revenue in the fiscal fourth quarter ended November 27 was $1.59 billion, compared with the $1.57 billion average estimate of analysts surveyed by Bloomberg. Earnings of 34 cents ...

  Bloomberg Superdry Plc shares plunged after the fashion retailer cut its profit outlook for the year, blaming its underperforming wholesale business and warning of potential consumer weakness in the months ahead. The British retailer, known for its logo T-shirts and bright colours, expects adjusted pretax profit to be flat for fiscal year ending in April. That compares with a ...

  Bloomberg Figaro Coffee Group Inc. jumped to a record as Philippine’s largest instant noodle maker Monde Nissin Corp. acquired a 15% stake in the company, giving the local coffee chain and restaurant operator more funds to expand its store network. Shares of Figaro advanced 5.6%, trimming earlier gains of as much as 6.7%, while volume surged about 24 times ...

  Bloomberg The highest increase in consumer debt in over 18 years appears to have helped the UK’s retail sector, as Britons borrow to buy products ranging from high-ticket electronic items to basics such as milk. A borrowing binge has taken off in the UK with credit card activity rising at its fastest pace since March 2004, an increasing number ...

  Bloomberg Apple won its biggest quarterly market share in China, outrunning Covid disruptions and a global economic slowdown. The Cupertino, California company accounted for nearly 24% of China’s smartphone sales in the last three months of 2022, according to Counterpoint Research data. It topped all manufacturers in the quarter, becoming the second-biggest seller in the country on an annualised ...

  Bloomberg MGO Global Inc., the manager of a clothing and lifestyle brand for football star Lionel Messi, is encountering another high-volume wave of price swings in the first day since its volatile debut. Retail traders have been actively discussing MGO Global in online forums. The stock is among the 15 most-traded assets on Fidelity’s platform in New York and ...

  Bloomberg Walmart Inc., the largest private-sector employer in the US, is raising its starting wage 17% after a surge in inflation last year and heightened competition for workers. The lowest initial wage will jump to $14 an hour from $12 next month, Walmart said in an email. The hourly average will rise to $17.50, up 2.9% from the summer ...

Bloomberg Apple Inc. has begun hiring employees for a retail push into Malaysia, preparing to bring its chain to the Asian nation for the first time. The company recently published job listings on its website for locations in Malaysia, seeking store managers, technical specialists and support staff, salespeople for businesses, and operations experts. The listings indicate that the positions will ...

Bloomberg Holders of bonds issued by supermarket group Asda are demanding more details about a mooted takeover of EG Group Ltd.’s UK petrol operations, a deal that would saddle the grocer with more debt and could lead to ratings downgrades. The potential transaction came as a negative surprise when it was reported, according to multiple bondholders, who asked not to ...