Retail

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, ...

Bloomberg Best Buy shares surged to an all-time high as red hot demand for Nintendo’s latest video game console helped the US electronics retailer deliver a big sales and earnings beat for the first quarter. Shares in the Minnesota-based company gained 21.5 per cent — its biggest one day rise in at least nine months — to $61.25 after it ...

Emirates Business As a brand that is committed to delivering high end products and services, Huawei Consumer Business Group, is continuously looking for ways to satisfy their customer’s needs. This Ramadan, Huawei seeks to strengthen its relationship with its loyal customers by offering them special services during the whole month of Ramadan. The offers include a 50% discount on both ...

Bloomberg Sears Holdings Corp. rallied after posting its first quarterly profit since 2015, bringing a ray of optimism to a retail chain struggling to regain its relevance. First-quarter net income amounted to $244 million, compared with a loss of $471 million a year earlier. The gain reflects efforts by Chief Executive Officer Eddie Lampert to sell assets and raise cash. ...

Dubai / Emirates Business L’Oréal Africa Middle East has won the Retail Supply Chain Management of the Year award at the Logistics Middle East Awards 2017 during a ceremony held at Grosvenor House Hotel in Dubai Marina. The Retail Supply Chain Management category of the Logistics Middle East Awards considers brands and service providers that are innovating new methods to ...

Bloomberg Target Corp. agreed to pay $18.5 million to settle investigations by dozens of states over a 2013 hack of its database in which the personal information of millions of customers was stolen. It’s the largest multistate accord ever reached over a data breach, according to New York Attorney General Eric Schneiderman. The hack, which occurred during the busy holiday ...