Retail

Bloomberg Macy’s Inc. Chief Executive Officer Jeff Gennette is optimistic about the future of the largest department-store chain, even if it doesn’t look much like the store R.H. Macy imagined. Gennette, 55, wants to build Macy’s into a fashion destination where shoppers looking for exclusive products can buy online or on their phones as easily as in a store. In …

Abu Dhabi / Emirates Business Etisalat on Monday announced a new digital initiative across key retail stores with the launch of its first self-interactive eLife and mobility experience zones to provide a real time digital experience of its innovative features and services. Customers can walk in to key retail stores to have a 360 degree real-time experience of our eLife …

Bloomberg Telkom SA SOC Ltd. said full-year earnings and the dividend both rose as South Africa’s biggest landline provider enters a new phase of growth by giving more autonomy to its four business units. Earnings per share excluding one-time items increased by 12 percent 7.31 rand in the year through March, the Pretoria-based company said in a statement on Monday. …

Bloomberg Lululemon Athletica Inc. kicked off its biggest rally in almost six months after pulling out of a slump and announcing plans to revamp its line of girls’ apparel. After slow sales spooked investors earlier this year — a problem that Chief Executive Officer Laurent Potdevin blamed on poor web traffic and a dull product assortment — the company posted …

Bloomberg Canada Goose Holdings Inc., making a retail push during a shaky time for the industry, said its first two brick-and-mortar stores have “far surpassed” expectations, contributing to stronger results in its inaugural quarter as a public company. Sales gained 22 percent last quarter, the maker of down parkas and other luxury goods said. While the Toronto-based company posted a …

Bloomberg Amazon.com Inc.’s shares rose briefly just above $1,000 for the first time, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Amazon hit an intraday high of $1,001.20 in New York before ending the day little changed at $996.70. The stock is up almost 40 percent from a year ago and more …

Fujairah / Emirates Business City Centre Fujairah, owned and operated by Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has added four big-brand stores. Adidas and Toys ‘R’ Us are among the latest shops to have opened. Womenswear chains Monsoon and Annabelle have also launched branches in the mall. …

Bloomberg BITPoint Japan Co., the company behind Peach Aviation Ltd.’s move to let travellers use bitcoin to pay for tickets, is planning to give hundreds of thousands of Japanese retail outlets the ability to accept the digital currency. “We’re holding discussions with a retail-related company,” Genki Oda, BITPoint’s president, said in a recent interview. “By going through a company providing …

Bloomberg Target Corp. is investing $75 million in online mattress seller Casper Sleep Inc., according to a person familiar with the situation, part of a bid to boost its e-commerce presence while brick-and-mortar sales decline. Target made the funding deal after considering a bid for the entire business, said the person, who asked not to be identified because the deliberations …

Emirates Business Ya Halla! Everyone’s favourite Arab emoji app is back with a special Ramadan Pack of emoji stickers and gifs to keep your spirits well and truly up during the holy month. From sesame dates to suhoor, Halla Walla’s new range lets you share the Ramadan experience with friends and family in a fun and exciting way. Since launching, …