Retail

Bloomberg Former Toys ‘R’ Us workers will be asking a judge to award them severance and grant them the same priority for getting paid as the lawyers, financial advisers and suppliers who were considered vital to winding down the retailer’s US stores. Toys ‘R’ Us Inc. agreed to give the workers until July 23 to file the request, according to …

Bloomberg Amazon.com kicked off its big Prime Day sales promotion with technical glitches on its website and app, threatening its 36-hour sales extravaganza. Trouble on the site spiked just as the event began at 3 pm Eastern time, but declined significantly within a couple of hours, according to Downdetector.com, which monitors web trouble. Shoppers were expected to spend $3.4 billion …

Bloomberg Amazon.com Inc.’s increase earlier this year to the price of Prime membership hasn’t blunted momentum for the popular subscription program that boasts more than 100 million global members, a company executive said. “We continue to see the same trends” since the price hike — to $119 a year from $99 — was announced in April, Amazon Prime VP Cem …

Bloomberg Fast Retailing shares climbed the most since January on signs that the retailer’s steady expansion in overseas markets, now headlined by the face of Roger Federer, is bearing fruit even in the face of risks from an escalating trade dispute. The Uniqlo operator drew on robust overseas sales and a successful early summer line to help boost third-quarter results. …

Bloomberg Three years ago, Amazon.com Inc. created a summer shopping holiday out of thin air for its most loyal customers. That airspace is considerably more crowded today as its rivals jockey to grab deal-hungry online shoppers. Retailers Target Corp., Best Buy Co., Macy’s Inc. and Walmart Inc. all have special promotions planned to coincide with Amazon’s Prime Day, which begins …

Bloomberg Walmart Inc. said it’s committed to building its Japanese business, downplaying media reports that the retailing giant will sell its Seiyu chain. “Walmart has not made a decision to sell Seiyu, we are not in any discussions with prospective buyers,” the company said in an emailed statement. “We continue to build our Japan business towards the future to meet …

Bloomberg Burberry Group Plc is still waiting for new leadership to revive the brand, as it trails rival luxury-goods makers in the all-important Chinese market. The shares fell as investors were disappointed by the British fashion brand’s latest quarterly sales in Asia, which MainFirst analyst John Guy called “actually pretty poor” in light of surging demand for luxury products in …

Bloomberg Manhattan’s Fifth Avenue is known as the address of luxury retailers Bergdorf Goodman, Harry Winston and Tiffany & Co. Now value retailer Five Below Inc. is setting up shop. As part of its 2018 store expansion efforts, the retailer known for its $5 deals is planning to open its first Manhattan storefront, two blocks north of Bryant Park. The …

Bloomberg As Dunkin’ Brands Group Inc.’s new chief executive officer takes the reins, the tight US labour market has his attention. One solution to the staffing crunch, according to Dave Hoffmann, who assumed the top post at the coffee-and-doughnut chain this week, is for the US to provide more student visas for foreigners participating in work-study programmes. “There may be …

Bloomberg UK grocer J Sainsbury Plc named Martin Scicluna as its chairman, tapping a former senior executive at accounting firm Deloitte as it prepares to add Walmart Inc.’s Asda unit in a $9.7 billion deal. Scicluna, who is also chairman of RSA Insurance Plc, will replace David Tyler in March or soon after, following a five-month handover period, Sainsbury said. …