Retail

Bloomberg Walmart Inc is looking to create an online store that would sell other companies’ video services, according to people familiar with the talks, opening up a new front in its fight with Amazon.com Inc. The world’s largest retailer has approached several media companies about reselling their streaming services, according to the people, who asked not to be identified because ...

Bloomberg As Sears Holdings Corp goes through bankruptcy, retail landlords wondering how they could be impacted might want to look at a 2015 deal. Mall owner Macerich Co struck an agreement that year with the struggling department-store operator to redevelop a 300,000 square-foot store at Kings Plaza Shopping Center, a high-traffic mall in Brooklyn, New York. Three years and $100 ...

Bloomberg US retail sales rose less than forecast in September, as a broad-based increase was overshadowed by a drop in restaurant receipts that may reflect the impact of Hurricane Florence. The value of overall sales rose 0.1 percent for a second month, compared with the median forecast of economists for a 0.6 percent gain, Commerce Department figures showed. So-called retail ...

Bloomberg Sears Holdings Corp, the 125-year-old retailer that became an icon for generations of American shoppers, filed for bankruptcy, saddled with billions of dollars of debt racked up as it struggled to adjust to the rapid shift towards online consumption. The company filed for Chapter 11 protection from creditors with the US Bankruptcy Court in White Plains, New York, early ...

Bloomberg Walmart Inc.’s investor day topics are likely to include updates on the Flipkart acquisition, select guidance metrics, the retailer’s e-commerce, Fresh, and international strategies. In addition, management will get a shot at easing investor concerns about wage pressures and Chinese tariffs at the 2018 Meeting for the Investment Community in Bentonville, Arkansas on Tuesday. Shares of the retail behemoth ...

Bloomberg FamilyMart UNY Holdings Co., Japan’s second-largest convenience-store operator, will acquire a stake in discounter Don Quijote Holdings Co. in a deal valued at 212 billion yen ($1.9 billion), the company announced. Don Quijote will become the fourth-largest retailer in Japan by sales after it buys a remaining 60 percent stake in FamilyMart unit Uny that it doesn’t already own ...

Bloomberg The increasing pain at Sears Holdings Corp. could mean big gains for competitors, with appliances the biggest moneymaker up for grabs. The struggling retailer has been giving away market share for years, but its Kmart and Sears chains still generate about $14 billion in annual sales. And if the company ultimately files for bankruptcy and liquidates its roughly 800 ...

Bloomberg Ikea plans to expand to about a dozen new markets in the coming years, including branching into South America, as the Swedish furniture giant aims to reach a total of 3 billion potential customers by 2025. The company will in the coming years open stores in Chile, Colombia and Peru through a new Ikea franchisee called Falabella as part ...

Bloomberg JM Smucker Co. is doubling down on pet food as consumers move away from mainstream packaged human fare. The maker of jams, Folgers coffee and Jif peanut butter is unveiling four treats — including two under Milk-Bone brand — to beef up its pet-food unit, now largest division by sales. The company said it aims to generate $100 million ...

Bloomberg After more than four decades at the helm of French Connection Group Plc, Chief Executive Officer Stephen Marks is preparing to sell the clothing company he helped create. The company said it’s in the early stages of looking for a buyer, lifting its shares as much as 45 percent. Marks, who has a stake of almost 40 percent, is ...