Retail

Bloomberg Target Corp. is the first brick-and-mortar retailer to carry the Quip toothbrush, as the retailer adds yet another startup brand hatched on the web. The cheap-chic merchant now offers Quip’s electric brushes in all its stores and online, and will include the product in its holiday gift guides. The $40 battery-powered metal toothbrush comes in four colors, and customers …

Bloomberg The same Toys “R” Us Inc. lenders that have been taking heat for their role in the decision to liquidate the company in March are now working on bringing the brand back to life, according to new court documents. In a bankruptcy court filing, the funds that now control Toys “R” Us said they’d canceled a plan to auction …

Bloomberg For traders betting on the death of America’s malls, being right and making money are proving to be two very different things. Reminiscent of Michael Burry of “The Big Short” fame, these hedge funds have piled into a trade that could reap huge profits if loans taken out by beleaguered mall and shopping-center operators eventually go bust. While the …

Bloomberg Casino Guichard-Perrachon SA agreed to sell the real estate underlying 55 of its Monoprix stores for $655 million, giving the French retailer a much-needed infusion of cash as short sellers circle the company and its main shareholder. The agreement, along with another transaction announced in July, gets Casino halfway to its goal of selling 1.5 billion euros of assets …

Bloomberg Amazon.com Inc. will open a new store in New York City featuring top-selling and highly rated products, the online retailer’s latest effort at physical stores, where most consumer spending still occurs. Dubbed “Amazon 4-Star,” the new location will feature devices, kitchen items, toys, books, and games. All products are items sold on Amazon that customers have rated four stars …

Bloomberg Millennials feel better about their future earnings than older consumers and spend more on luxury goods. That’s according to a survey of more than 3,000 consumers across China, Europe and the US by UBS Group AG. Eighteen to 35 year olds have contributed 85 percent to growth in the luxury market last year and will represent 45 percent of …

Bloomberg Amazon.com Inc. is taking a stab at the mattress business, joining the competition against startups such as bed-in-a-box pioneer Casper Sleep Inc. and retail rivals including Walmart Inc. The AmazonBasics foam mattress, starting at $130, was spotted by TJI Research, which monitors the e-commerce giant’s growing list of more than 120 private label products, including kitchen goods, batteries, clothing …

Bloomberg Attention grocers: Aldi is coming for your customers. The German discount chain that’s blanketing the US with its no-frills stores was the choice of almost one in five shoppers who recently switched grocers, according to Morgan Stanley research. That’s more than Costco, Target, Kroger or Amazon-owned Whole Foods, highlighting Aldi’s growing appeal. Aldi’s US encroachment mirrors what it’s already …

Bloomberg As part of an ongoing $1.2 billion supply-chain upgrade, Home Depot Inc. has started same-day delivery across the US to help it stay relevant with consumers’ need-it-yesterday mentality. The home-improvement chain had already been using trucks to deliver large items such as building materials from stores in a day or so. Now, aided by startups Roadie Inc. and Deliv …

Bloomberg The head of Shopify Inc. said Amazon is encroaching on its turf — and it’s confident it can compete. “They are creating products now that help small businesses market their products better which is frankly the space we are in,” Tobias Lutke, chief executive officer of Ottawa-based Shopify, said in an interview with BNN Bloomberg TV at a tech …