Retail

Bloomberg JM Smucker Co is considering a sale of its baking brands, including Pillsbury, according to people with knowledge of the situation. The food manufacturer is working with an adviser as it weighs options for the unit, which also includes the Robin Hood flour and cereal brand and Martha White baking mixes, said the people, who asked not to be ...

Bloomberg Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt US operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the US division has become increasingly likely in recent days, said the ...

Bloomberg Airbnb Inc. hired Greg Greeley, the head of Amazon.com Inc.’s Prime business, as president of its main home-rental unit. Greeley, who had been at Amazon for more than 18 years, helped the retail giant expand the Prime membership service internationally. He announced his resignation on LinkedIn. Airbnb said he will join the San Francisco-based company on March 18. At ...

Bloomberg Debenhams Plc is in talks to rent out excess space in its flagship London department store to flexible-office provider WeWork Cos. as the UK’s retail crisis deepens, according to people with knowledge of the matter. The retailer is searching for companies willing to take over large chunks of space in its roughly 240 department stores, many of which are ...

Bloomberg Some of China’s biggest manufacturers that supply US multinationals from Walmart Inc. to Nike Inc. find themselves in President Donald Trump’s crosshairs as his administration discusses new import tariffs. The US is considering taxing imports from shoes and clothing to consumer electronics, putting on the hook companies including Yue Yuen Industrial Holdings Ltd. and Li & Fung Ltd. that ...

Bloomberg Starbucks has sought every means to fuel its growth while fending off smaller, lower-cost rivals like Dunkin’ Donuts. And a push to lease stores, rather than own them, may be part of the answer. The two companies have vied for foot traffic to maintain same-store sales growth, which for Starbucks Corp. is at its lowest level since 2009. But ...

Bloomberg Shares in Just Eat Plc fell the most in 20 months despite the food-delivery company beating revenue estimates, after concerns over future spending and acquisition costs. Just Eat’s full-year 2017 revenue grew 45 percent to $755 million, with underlying earnings up 42 percent to 164 million pounds. International revenue grew 75 percent, representing 44 percent of group revenue, and ...

Bloomberg Walmart Inc. will start offering prepared meals at its stores for the first time, a move that could help the nation’s biggest grocer sell more food while siphoning customers from restaurant chains. Ten different meals are now available in 250 stores, and the programme will expand to 2,000 locations by year’s end, Walmart executives said. The company also is ...

Bloomberg Amazon.com Inc.’s data services division is recruiting for several positions in Argentina, signalling the online retailer is expanding its presence in Latin America beyond Mexico and Brazil. The Seattle-based company is advertising for eight full-time positions for its Amazon Web Services cloud-computing business. The job postings on Amazon’s company website include a senior consultant on migration, sales account managers ...

Bloomberg After the strongest holiday-shopping season in more than a decade, investors have grown increasingly impatient with retailers that didn’t enjoy the good fortune. Shares of J.C. Penney Co. and Foot Locker Inc. tumbled in the wake of lukewarm results during the fourth quarter, which included the crucial Christmas season. The chains both posted weaker-than-expected comparable sales, a key benchmark. ...