Retail

Bloomberg In Mike Ashley’s last court case, we found out what an evening in the pub with him was like. Now, we might pick up a few tips on his golf game. Ashley, the billionaire owner of Sports Direct, sued his ‘trusted friend” and former co-owner of Charlton Athletic Football Club, saying he lured him into a fraudulent 3 million-pound ...

Bloomberg Thailand has seen an explosion of internet shopping in recent years as consumers become more tech savvy. And if that’s anything to go by, e-commerce in Southeast Asia is taking off as well. Online retail sales in Thailand of everything from washing machines and televisions to fish sauce are growing more than 100 percent, far outpacing purchases made at ...

Bloomberg UK online grocer Ocado Group Plc is teaming up with Amazon.com Inc. to let shoppers top up their baskets using the US e-commerce giant’s voice-recognition system. The Hatfield, England-based company has developed an app for Amazon’s Alexa that allows customers to add items to their digital shopping lists, keep track of orders and ask for product recommendations simply by ...

Bloomberg Coty Inc. tumbled the most since going public four years ago after its quarterly financial report signaled the integration of dozens of beauty brands it bought from Procter & Gamble Co. is still proving to be a challenge. Excluding some items, earnings per share broke even in the fourth quarter that ended June 30, the company said. That missed ...

Bloomberg Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market. At the Whole Foods on 57th Street in Manhattan, organic fuji apples were marked down to $1.99 a pound from $3.49 a pound; organic avocados went to $1.99 each from $2.79; organic rotisserie chicken fell to $9.99 each from ...

Bloomberg Steinhoff International Holdings NV rejected allegations of dishonesty made in a Manager-Magazin report that Chief Executive Officer Markus Jooste is among employees being investigated by German prosecutors in a 2015 case linked to possible accounting fraud. Substantial information in the article is “wrong or misleading,” the South African furniture and clothing retailer said. Referring to the start of the ...

Bloomberg After years of being relegated to the back of the closet, Hollister has been reborn. Though the heyday of the seagull logo is long past, the teen apparel brand with the California vibe has charged back into the mix, trying to turn things around for its struggling parent, Abercrombie & Fitch Co. The bird was once a stamp of ...

Bloomberg A price war has raged in US supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com Inc. plans to toss a smart bomb into the fray. The online giant’s move to slash prices on everything from organic baby kale to fair-trade bananas on the same day its $13.7 billion acquisition of Whole Foods ...

Bloomberg Tiffany & Co. is making headway with millennials who seek fashion jewellery while forgoing some of the treasures of the Audrey Hepburn generation: wedding and engagement rings. Growth in fashion and designer jewellery helped boost revenue to $959.7 million during the second quarter, even as sales of wedding rings underperformed, the company. While revenue topped analysts’ estimates, same-store sales ...

Bloomberg Massmart Holdings Ltd., the South African grocery and general goods retailer owned by Wal-Mart Stores Inc., said tougher control of costs wasn’t enough to prevent earnings falling during “the most difficult trading conditions in recent memory.” First-half operating profit before interest declined by 6.6 percent to $58 million, the Johannesburg-based company said. Sales increased 0.5 percent to 42.5 billion ...