Retail

Bloomberg When it comes to UK retailing, investors and consumers have one thing in common: Both are putting an emphasis on value. Stocks from budget homewares seller B&M European Value Retail SA to sausage-roll purveyor Greggs Plc are having a stellar year, with gains being driven by shoppers’ desire for a bargain or an affordable treat. Their advance contrasts with ...

Bloomberg Vincom Retail JSC, the Vietnamese mall operator backed by Warburg Pincus, has started taking investor orders for a domestic initial public offering that could raise as much as $680 million. Existing shareholders including Warburg Pincus and Credit Suisse Group AG are offering a combined 380.2 million shares at 37,000 dong to 40,600 dong apiece, according to terms for the ...

Bloomberg Taco Bell took over the fashion district in Los Angeles. Yes, the same Taco Bell that serves up double-decker taco supremes and chicken chalupas held a full-fledged runway show. The show was put on to promote Taco Bell’s new fashion collaboration with Forever 21. Quirkiness is a signature of the fast-food chain, which often uses odd marketing to stay ...

Bloomberg Italian fashion house Gucci plans to drop animal fur from its collections, showing how concerns about responsible business practices that originated with the Birkenstock brigade have galvanised an industry known for its celebration of excess. The Milan-based maker of $1,000 fur-lined slippers, part of French luxury conglomerate Kering, will sell its remaining fur items in a charity auction, the ...

Bloomberg Amazon.com Inc. is tapping some of the biggest athletic-apparel suppliers to make a foray into private-label sportswear, according to people familiar with the matter, setting the stage for further upheaval in an already-tumultuous industry. Makalot Industrial Co., a Taiwanese vendor that produces clothing for Gap Inc., Uniqlo and Kohl’s Corp., is making apparel for the Amazon line, a person ...

Bloomberg Wal-Mart Stores Inc. sold bonds to refinance debt as it girds for an online battle against Amazon.com Inc. The world’s largest retailer issued $6 billion of unsecured bonds in six parts, according to a person with knowledge of the matter, after cutting a three-year floating rate note from the offering. The longest portion, a 30-year security, yields 75 basis ...

Bloomberg Kroger Co., battered for months by intense grocery competition as Amazon.com Inc. muscles into the industry, has finally given investors cause for optimism. The supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business, an attempt to capitalise on a merger wave in that field. The operation, which spans ...

Bloomberg The five heirs to Wal-Mart Stores Inc. fortune became $5 billion richer after the world’s largest retailer said it expects US e-commerce sales to surge 40 percent in the next fiscal year. The forecast added 4.5 percent to Wal-Mart shares and pushed the combined net worth of Alice, Jim, Rob, Lukas and Christy Walton to $140 billion, according to ...

Bloomberg Shopify Inc. Chief Executive Officer Tobi Lutke called a short seller that targeted his company a “troll,” in his first public response since being targeted by Andrew Left’s Citron Research recently. Left, who said he had taken a short position in the stock, published a report questioning the sustainability of the Canadian e-commerce company’s growth rate and calling its ...

Bloomberg Ikea is planning to enter South America and expand in Southeast Asia in its quest to dominate the world’s home furnishings market. Those regions are on the Swedish company’s radar after entries into India and Latvia this year, Inter Ikea Holding said. Retail sales including all franchisees and customer services amounted to 38.3 billion euros ($45 billion) in the ...