Retail

Bloomberg Stephen Wall’s restaurant chain Pho is the kind of tenant that mall landlords would love to attract. The Vietnamese menu is right on trend, the business is expanding and, even better, it has a track record of success in shopping centres. Yet he thinks that even restaurants like his won’t be the savior of malls suffering from the rise …

Bloomberg Sears Holdings Corp is preparing for the potential that this year will be its last. The storied retailer started laying the groundwork for a liquidation after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, people with knowledge of the matter said. Sears representatives summoned liquidation firms and other advisers to …

Bloomberg Amazon.com Inc surpassed Microsoft Corp to become the world’s largest public company on Monday, in the latest example of the list of Wall Street’s biggest names being reordered. Shares of the e-commerce company rose 3.4 percent, a rally that gave it a market capitalisation of $797 billion, according to Bloomberg data. While this is down from Amazon’s record market …

Bloomberg Singapore state investment firm Temasek Holdings Pte is exploring options for its stake in global retailer AS Watson Group, including a partial sale, people with knowledge of the matter said. Temasek is working with an adviser to consider possibilities for its 25 percent holding in AS Watson after receiving some preliminary interest, according to the people, who asked not …

Bloomberg For department stores, the fight for New York is fiercer than ever. In a sign of retrenchment ahead of rivals’ expansion, luxury retailer Saks Fifth Avenue is shutting the doors of its women’s store at Manhattan’s Brookfield Place this week — a location it opened just two years ago. While Saks’s smaller men’s store will stay open, the failure …

Bloomberg After Apple Inc.’s shock profit warning, investors were quick to make the connection: if Chinese consumers are cutting back on iPhones, Louis Vuitton handbags could be next. Apple’s sales revision cascaded through global markets, hitting suppliers and rivals, but also a raft of luxury-goods companies that rely on the same clientele that likes to splurge on Apple’s latest products. …

Bloomberg Sears Holdings Corp is preparing to potentially wind down the iconic retailer after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, according to people with knowledge of the matter. The retailer started laying the groundwork for a liquidation after a series of meetings in which its advisers weighed the merits …

Bloomberg Mr DIY, Malaysia’s biggest home improvement retailer, is exploring an initial public offering that could raise about $500 million, people with knowledge of the matter said. The company has been interviewing potential underwriters as it considers a listing in Kuala Lumpur, according to the people. Mr DIY is targeting a market value of about 10 billion ringgit ($2.4 billion), …

Bloomberg Amazon.com Inc and Walmart Inc find themselves on the same side for once. The bitter rivals have come together in India to lobby the government on regulations that threaten to dampen their expansion ambitions. Among other things, the giant retailers are asking for an extension on a February 1 deadline for implementing those rules, according to people with knowledge …

Bloomberg Next Plc shares rose after surprisingly robust Christmas retail figures cheered investors who were fearing the worst after months of gloom in the sector. Strong sales in the weeks before the holiday helped make up for disappointing results in November, the UK clothing retailer said, a result that was better than some analysts anticipated. At the same time, the …