Retail

Bloomberg Dubai Aerospace Enterprise (DAE), the Middle East’s biggest plane-leasing company, said its board and shareholders approved an additional $300 million to repurchase bond. It will be conducted through open-market transactions, the company said. To date, Dubai Aerospace has repurchased $295 million of principal amount of its publicly traded bonds under the previous authorisation of $300 million. The company currently ...

Bloomberg Total holiday shopping this year might be one for the record books, but you wouldn’t know it looking at this past weekend’s numbers. More than 165 million Americans shopped either in stores or online during the five-day period from Thanksgiving Day through Cyber Monday — more than expected, but well below the 174 million shoppers during the same period ...

Bloomberg The initial Black Friday results have reinforced that this US holiday shopping season will be one of the best in recent memory. But even in good times, there are concerns for retailers. The takeaway from the past few days is that Americans are spending at unprecedented levels, and the overwhelming majority of that growth — if not all of ...

Bloomberg Amazon.com Inc. is on a shopping spree in India. Helmed by the world’s richest man Jeff Bezos, Amazon has bought into one brick-and-mortar retailer, backed purchase of another and is reported to be in talks to acquire a stake in at least one more as the online retailing giant looks to get more boots on the ground in the ...

Bloomberg Thousands of Dolce & Gabbana goods have been pulled from China’s biggest shopping websites after the Italian fashion house’s marketing went off the rails in a country that’s driving the industry’s growth. Calls for a boycott against the label gained traction after a video campaign showed a Chinese model struggling to eat spaghetti with chopsticks — a depiction that ...

Bloomberg Shoppers will spend an estimated $7.8 billion on Cyber Monday — a record — boosting a strong holiday shopping season. And Wall Street will likely shrug it off. Even a blockbuster holiday won’t divert the market’s attention from the rising interest rates that could hurt car and home sales next year and the escalating trade war between the US ...

Bloomberg Canada Goose Holdings Inc. is pushing ahead with its China expansion, betting its strategy of selling premium coats directly to customers will help overcome a proliferation of knockoffs and the nation’s consumption slowdown. The Toronto, Canada-based company has dealt with counterfeits soon after it started selling globally two decades ago, CEO Dani Reiss said in an interview in Beijing. ...

Bloomberg Black Friday is now possible from the comforts of your living room — but only if retailers’ websites are functioning properly. Some frustrated shoppers are finding that’s not the case. In a year when digital sales are soaring, several big-name chains have reported issues with their online shopping systems. J Crew reported on Twitter that it was experiencing “some ...

Bloomberg During the holiday shopping frenzy that grips America every year, the handbag wars descend upon midtown Manhattan with unbridled fury. Specifically, the largest department store in the country: the Macy’s flagship. The behemoth opens its doors on Thanksgiving afternoon to thousands of shoppers, and the first thing they see are the bags. Employees on the front lines brace for ...

Bloomberg Amazon.com Inc. employees in Europe protested warehouse working conditions, some using the slogan “we are not robots”, in another challenge for the world’s biggest online retailer heading into its busiest time of year. Workers in Germany, Spain, and France walked off the job at Amazon fulfillment centres on Black Friday, one of the busiest online shopping days of the ...