Bloomberg Tiffany & Co. fell the most in more than two months after stagnant sales worldwide showed the jeweller’s efforts with new designs and store renovations has yet to resonate with more customers. Same-store sales—a key retail metric—were flat globally and in North America last quarter, while they tumbled 8 percent in Europe, the company said. The results sent the …
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Abu Dhabi / Emirates Business In an age when dining experiences across the globe are exploring new realms of freshness and health, food enthusiasts in Abu Dhabi will get to savour a never-before fine line up of fine delicacies prepared to perfection by master chefs. The new menu at Waterlemon Restaurant & Cafe in Abu Dhabi promises diners a gourmet …
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Bloomberg One of the first Mexican retailers to sell online is quickly falling behind newer arrivals, and it may be too late to catch up, according to Credit Suisse. El Puerto de Liverpool, which conducted its first e-commerce transaction in 1997, is spending just a fraction of the amount as Amazon.com Inc., MercadoLibre Inc. and Wal-Mart de Mexico SAB on …
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Bloomberg Macy’s Inc. CEO Jeff Gennette says the holiday season is off to a strong start, helped by a surge in outerwear sales. The retailer had sold 200,000 coats during Black Friday morning itself, Gennette said in an interview. And he expects to ring up a million coats, sweaters and fleeces during the long weekend. The outlook suggests that Macy’s …
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Bloomberg The holiday shopping season is off to a strong start and retailers hope to continue the momentum today—Cyber Monday—the biggest online spending day of the year. Amazon.com Inc. and Wal-Mart Stores Inc. are vying for holiday spending with competing deals on flat-screen televisions, toys and gadgets. Traditional retailers Macy’s Inc., Sears Holdings Corp. and JC Penney Co. have all …
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Bloomberg Will this year’s Black Friday finally spark a sustained retail comeback? While the answer remains to be seen, the sellers of outerwear and gadgets such as Apple AirPods and the Sony Playstation VR have reason to be encouraged. Those were some of the hottest sellers so far during the Black Friday weekend, the traditional kickoff to the holiday season. …
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Bloomberg At the entrance of Bergdorf Goodman, one of the world’s glitziest department stores, the morning after Thanksgiving, a store associate puts a few Saint Laurent handbags on top a glass case. He pauses and looks at the dozen or so people gathered. “Up to 40 percent off,†he announces to the early birds. They gasp and start analysing the …
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Bloomberg Fast Retailing Co., operator of the Uniqlo casual-wear brand, has applied to open stores in India as Asia’s largest clothing chain increases its reliance on overseas markets. The Japanese company submitted an application seeking government approval to do business in India under the Uniqlo brand name, according to a filing on India’s Department of Industrial Policy & Promotion website. …
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Bloomberg Rolls-Royce Holdings Plc is joining Airbus SE and Siemens AG in their quest to develop a 100-seater hybrid electric aircraft, giving the UK engine maker a seat at the table of a potential promising aviation technology. Rolls is tasked with helping develop a 2 megawatt electric drive for the aircraft, according to people with knowledge of the matter who …
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Bloomberg Brick-and-mortar retailers did enough things right on Black Friday to consider the event a success, even if the crowds of past years haven’t returned. Chains simplified promotions this year and took a keener eye to managing their inventory. At Wal-Mart Stores Inc., colour-coded maps helped shoppers navigate the aisles. Retailers also made headway with their e-commerce sites, aiming to …
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