Retail

Bloomberg Vincom Retail JSC’s existing investors raised $709 million after pricing an initial public offering of the Vietnamese mall operator at the top end of a marketed range. Existing shareholders including Warburg Pincus and Credit Suisse Group AG priced 396.5 million shares at 40,600 dong apiece, according to terms for the deal obtained by Bloomberg. The stockholders initially offered 380.2 …

Bloomberg Best Buy Co., the retail giant and one of Apple Inc.’s most important sales channels, is charging consumers an extra $100 for the already pricey iPhone X. Customers who began purchasing iPhone X models ahead of the November 3 release date noticed that Best Buy is charging $1,099 for base model configurations and $1,249 for models with more storage. …

Bloomberg With its buyout plans on hold, Nordstrom Inc. is under intense pressure to find answers to the department-store slump. Key to that effort is reviving what was once a long-time bright spot for the chain: Nordstrom Rack. The discount stores had been helping the company cope with a slowdown at its full-price formats, but now they are in need …

Bloomberg Amazon.com Inc. wants to prevent holiday shoppers from straying to Google’s YouTube and Facebook Inc.’s social-media sites in search of product videos, so the e-commerce giant is working with merchants to match the effort on its website. Pet supplies, baby products, housewares and electronics are the focus of the new push for promotional and instructional videos. Amazon this year …

Bloomberg Hudson’s Bay Co. agreed to sell its iconic Lord & Taylor building in Manhattan and unloaded a minority stake to a private equity firm to help the struggling Canadian retailer cut debt and bolster its balance sheet. RhoneCapital LLC will buy $500 million worth of convertible shares in Hudson’s Bay, and Rhone is teaming up with WeWork Cos. to …

Bloomberg With its shares and confidence surging, Nike Inc. was on top of the world in 2015. The company was at an “all-time high,” Chief Executive Officer Mark Parker said at an investor day in October of that year. He predicted sales would jump 63 percent by 2020 to total $50 billion annually. “It’s clear that Nike is a growth …

Bloomberg Amazon.com Inc.’s second headquarters, dubbed HQ2, has lured 238 proposals extending across 54 states, provinces, districts and territories in North America, the company said. Only seven US states refrained from bidding: Arkansas, Hawaii, Wyoming, North Dakota, South Dakota, Montana and Vermont, according to a map Amazon published on its website. Cities are battling for Amazon’s investment of $5 billion …

Bloomberg The deadline to submit proposals for Amazon.com Inc.’s second headquarters, dubbed HQ2, has arrived, and about 100 cities are expected to compete for the project. Amazon’s preferences for HQ2, which will cost more than $5 billion and create 50,000 jobs over the next two decades, include a metropolitan area with a population of more than 1 million, access to …

Bloomberg Chocolates are cheaper for Halloween, but prices are likely to rebound by Christmas thanks to rising demand for cocoa beans. A global surplus sent cocoa prices plunging for most of the past two years, which helped to temper retail chocolate costs. There are signs that the overhang is beginning to ebb as consumers eat away the excess. Grindings, a …

Bloomberg Roots Corp., the Canadian retailer known for its casualwear and leather goods, raised $160 million in its initial public offering after cutting the price below its targeted range, according to people familiar with the matter. The Toronto-based retailer sold shares at C$12 a piece, below its previously disclosed range of C$14 to $16 each, said the people who asked …