Retail

Bloomberg Pandora A/S plunged after the world’s biggest jewelry maker cut its profit and sales forecasts amid struggles in key markets such as the US and China. The shares fell more than 20 percent, the most in seven years, and were down 19.7 percent at 345.4 kroner in the Danish capital. Investors were battered by a similar slump just three ...

Bloomberg Procter & Gamble Co. (P&G) is still the king of diapers and shampoo, but an onslaught of new competition and tighter ordering from traditional retailers is tarnishing the consumer-goods giant’s crown. Investors were lukewarm to the company’s fourth-quarter results, leaving the shares little changed after sluggish organic sales growth. In addition to the new rival products — which range ...

Bloomberg Burberry has changed its logo for the first time in 20 years, revealing the new look via an Instagram post. The British heritage brand’s new logo says “Burberry London England” in stark capital letters, replacing the softer, rounder font the company previously used. Riccardo Tisci, the star designer Burberry hired this year to revamp its brand image, posted screen ...

Bloomberg The plan laid out by Walmart Inc. was bold and startling: One of the biggest private electricity users in the US promised to get half its power from solar and wind by 2025. If successful, Walmart would leap over Google to become the world’s top green-energy buyer. That was November 4, 2016. Days later, Donald Trump was elected president, ...

Bloomberg House of Fraser Ltd. needs a new lifeline after a Chinese retailer pulled its plan to buy a majority stake, leaving the UK department-store chain on the brink of collapse and threatening about 17,000 jobs. Would-be rescuer C.banner International Holdings Ltd. shelved plans to raise funds for the purchase of a 51 percent stake in the British chain, citing ...

Bloomberg BAE Systems Plc earnings fell almost 10 percent in the first half as Europe’s biggest defense company booked hits against its US operations, offsetting gains from major contract wins. Underlying earnings before interest, tax and amortisation dropped to $1.14 billion from 967 million pounds a year earlier, London-based BAE said in a statement. While BAE has won contracts to ...

Bloomberg Gump’s Holdings LLC,, the San Francisco retail landmark that survived the 1906 earthquake, filed for chapter 11 bankruptcy protection after succumbing to the rise of online shopping and shifting consumer habits. After years of losses, the 157-year-old Bay Area department store had been trying to find a buyer, or additional financing since May, to no avail. The closely held ...

Bloomberg Excitement for the return of Dior’s equestrian-inspired Saddle bag line—which dominated the “it bag” era of the early 2000s alongside Balenciaga’s “Lariat” and the Fendi “Baguette” before being discontinued—has been bubbling up since designer Maria Grazia Chiuri put them in her runway show in February. Trendsetting models Bella Hadid and Elsa Hosk were soon spotted carrying vintage Saddle bags, ...

Bloomberg Jones Lang LaSalle Inc. acquired Northwest Atlantic Inc., a Canadian retail-tenant representation and advisory firm, to feed the growing demand from retailers around the world looking to expand in Canada. Northwest Atlantic, a closely held company based in Toronto, represents more than 65 retailers including fashion retailer Nordstrom Inc., discount-apparel company Winners and movie-theater operator Cineplex Inc., and has ...

Bloomberg A drawn-out sale process is never good for value, but in the case of Toys ‘R’ Us, the delayed auction of its brand name could constitute an existential threat to any long-shot comeback. That’s because the closer it gets to Christmas, the less likely any potential bidder for the chain’s intellectual property would have time to reboot the brand ...