Retail

Bloomberg Rovio Entertainment Oyj said its profitability improved in the first quarter after the Angry Birds game maker spent less on winning over users for its games and saw cost efficiencies in brand licensing. Adjusted earnings before interest, tax, depreciation and amortisation grew 43 percent to 14.6 million euros ($17.3 million). The earnings margin rose to 22.2 percent of sales, ...

Bloomberg Walmart Inc. has ended a service where customers could ring up their own purchases, showing that old habits die hard even in the digital age. The retailer had offered its so-called “Mobile Scan & Go” technology in about 150 Walmart stores, after a successful rollout across its Sam’s Club warehouse chain. But while the service worked in Sam’s — ...

Bloomberg The private equity owners of Belle International Holdings Ltd., the biggest women’s shoe retailer in China, are considering a spinoff of its sportswear distribution business, people with knowledge of the matter said. Hillhouse Capital and CDH Investments, which took Belle private in a $6.8 billion deal completed in July, are weighing a Hong Kong initial public offering of the ...

Bloomberg Investors will get some big insight into big retail this week. Several of the largest consumer-facing companies report results for the first quarter — the three months immediately following the critical holiday season that sets the stage for the rest of the year. Walmart Inc., Home Depot Inc. and Macy’s Inc. are three of the major chains scheduled to ...

Bloomberg After the giddy heights of January when its shares hit an all-time high, Tencent Holdings Ltd. has shed $78 billion in value as investors price in the costs of the Internet giant’s massive spending spree. Results on Wednesday are expected to show that rising costs and investments will hurt profitability at Asia’s biggest listed company. While Tencent has said ...

Bloomberg Ferris Bueller may have missed his economics lesson on tariffs the day he cut class, but one of Washington’s biggest trade groups is making sure President Donald Trump and other policy makers don’t. The National Retail Federation (NRF) is starting an advertising campaign this week featuring actor and commentator Ben Stein, who’s reprising his role as the economics teacher ...

Bloomberg The sun never sets on Walmart Inc.’s empire, thanks to its network of stores across five continents. But in the span of 10 days, chief executive Doug McMillon has begun dramatically redrawing the retailer’s map, and there’s likely more to come as it places bets to remain on top. “All of a sudden, everything is in play,” said Dave ...

Bloomberg Folli Follie’s network of stores in its key Chinese market shrank by more than half last year even as its sales in Asia increased, according to the latest figures published by its parent company FF Group this week. The main brand of the Greek retailer reported 113 points of sale in mainland China in a document published and reviewed ...

Bloomberg Tiger Global Management is purring all the way to the bank after Walmart Inc.’s Flipkart deal. The firm has made about $3 billion after investing $1 billion in Flipkart Group, according to a person familiar with the matter, who asked not to be named. Walmart will acquire a majority stake in India’s biggest online retailer, the companies said. For ...

Bloomberg Africa’s largest company just chalked up another major investment coup. Naspers Ltd. netted a cool $1.6 billion profit from the sale of its 11 percent stake in Indian e-commerce startup Flipkart, a deal almost as lucrative as its sale of Polish online auction site Allegro in 2016. The move helps to line the pockets of the media and technology ...