Retail

Zara sets goal to sell clothes everywhere as Amazon encroaches

Bloomberg Spain’s Inditex SA plans to make clothes from its Zara label and other brands available online anywhere in the world within two years, aiming to become one of the first truly global clothiers as Amazon.com Inc. encroaches into fashion. “We want to make our fashion collections available to all our customers, wherever they are in the world, even in ...

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Kaepernick campaign created $43mn in buzz for Nike

Bloomberg The controversy surrounding Nike Inc.’s new Colin Kaepernick ad can’t be a surprise to the sportswear company. And in spite of the backlash, it’s probably pretty good for the brand. In less than 24 hours since Kaepernick first revealed the spot on Twitter, Nike received more than $43 million worth of media exposure, the vast majority of it neutral ...

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UK consumers plan to spend less, says report

Bloomberg Britons are planning to rein in their spending after splurging during the summer heatwave. With worries growing over rising prices and higher interest rates, a third of consumers say they intend to spend less, Barclaycard said in a report published on Tuesday. The warning comes after households made the most of the sweltering summer months, with the value of ...

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Poland vows to improve working conditions at Amazon warehouse

Bloomberg A Polish government agency said it’s working with Amazon.com Inc. to improve conditions at its facilities amid union concerns of worker exploitation. The State Labor Inspectorate held more than 50 reviews of Amazon’s warehouses and other Poland-based centers since 2014, finding irregularities related to health and safety regulations, sanitary conditions and timely remuneration, the agency said. The retail giant, ...

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Muji weighs Brexit HQ move away from UK to continent

Bloomberg The retailer of Muji products is considering moving its European headquarters out of the UK because of Brexit, in what would be at least the second such shift by a Japanese company. Ryohin Keikaku Co., which sells everything from furniture to kitchenware under the Muji brand, is weighing Germany as the most likely site for a new European base, ...

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JD turns to Google, Walmart to build global e-comm empire

Bloomberg Richard Liu built an e-commerce giant in China by tapping into the nation’s appetite for technology. As his JD.com Inc. sets its sights on global expansion, he’s turning to others for help: Google and Walmart Inc. Just a few months after Google bought a $550 million stake in JD, Liu said he’s in the early stages of strategic planning ...

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Dollar stores may not be able to get away without e-commerce

Bloomberg All of a sudden, big box stores are beating out their bargain bin brethren. Walmart Inc. and Target Corp. are reporting comparable sales at higher rates than the dollar stores, according to Quo Vadis Capital’s John Zolidis. Part of the pain? The dollar outlets have no strong e-commerce presence, which now “looks like a liability.” Target’s quarterly results reflected ...

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Zara owner tumbles as ‘great’ gets ‘good’ for Morgan Stanley

Bloomberg Sometimes good just isn’t good enough. Zara owner Inditex SA fell the most in six months after Morgan Stanley analysts cut their recommendation to underweight from equalweight and reduced their price target for the stock to the lowest among analysts tracked by Bloomberg. Inditex dragged European retailers lower, making the sector the worst performer in the broader regional index. ...

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Coke inks deal to buy soda brand Moxie

Bloomberg Coca-Cola Co. will buy New England cult-favourite soda brand Moxie from one of its independent bottlers as it looks to house more of its up-and-coming beverage brands under one roof. The soda giant, which recently completed the refranchising of its bottling operations in North America, has inked a deal to purchase Moxie from Coca-Cola of Northern New England for ...

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Walmart e-shoppers need not hang their own TVs anymore

Bloomberg Walmart Inc.’s betting the kind of shopper who doesn’t want to visit a physical store to purchase a TV probably doesn’t want to mount it, either. So the world’s largest retailer is expanding its partnership with on-demand home-services company Handy to sell installation and assembly packages right on its website, Handy said. Starting from Wednesday and rolling out across ...

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