Retail

  Bloomberg TAG Heuer, a Swiss watch brand that has bucked the industry’s slump, expects to build on last year’s double-digit sales growth in 2017, supported by an upgraded smartwatch and healthier demand in China, the biggest market for luxury timepieces. Chief Executive Officer Jean-Claude Biver said on Tuesday his “cautious” forecast is for TAG Heuer’s sales to rise 8 …

  Bloomberg Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters. The company listed total debt of $131 million in Chapter 11 papers filed Monday in Nebraska. Gordmans, which operates about 100 stores, is the latest victim in a retail industry suffering from sluggish mall traffic and …

  Abu Dhabi / Emirates Business Marking the start of a wonderful spring season, Starbucks launches its Trio Macchiato: a new Maple Macchiato, Date Macchiato and of course, the favorite Caramel Macchiato, a combination that brings coffee lovers a choice of espresso and their favorite Starbucks beverages. The Maple Macchiato is a new beverage ideal for those who love rich …

  Bloomberg EBay Inc. is exporting a method to boost cross-border sales it pioneered in Russia to 120 territories, as the online marketplace seeks to recapture growth in the face of competition from Amazon and Alibaba. In many places, EBay still means domestic classifieds; Americans mostly sell to Americans, Britons mostly to UK customers. But a few years ago, EBay’s …

  Abu Dhabi / Emirates Business Etisalat is recognised as the most valuable of any telecoms brand portfolio in the Middle East by leading London based brand valuation and strategy consultancy ‘Brand Finance’. This recognition was mainly due to its focussed programme on brand activities, management of significant global sponsorship properties and local events targeted at both consumer and business …

  Abu Dhabi / Emirates Business Yoplait – part of the Abu Dhabi-based Agthia Group’s Consumer product portfolio – has significantly reinforced its position as a key player in the UAE value-added yogurt market (defined as the aggregate of non-plain yogurt products). With a value-share jump from 10.3 % to 11.1% in the fruit yogurt segment and from 35.8% to …

  Bloomberg Swedish police detained a Bombardier Inc. employee on suspicion of bribery and questioned several others in connection with a rail contract in Azerbaijan. Evgeny Pavlov, a Russian citizen whose LinkedIn profile lists him as a Bombardier sales executive, was remanded in custody, according to court documents. Pavlov is suspected of aggravated bribery, and several people at the company’s …

  Bloomberg Hugo Boss AG, the ailing German clothier, said earnings may rise in 2017 as its turnaround takes shape after profit plummeted on weak sales in China and the US last year. Adjusted operating profit will rise or fall as much as 3 percent this year, the company said in a statement on Thursday. The company said it’s cutting …

  Bloomberg Starbucks Corp., facing heavy competition, mobile-ordering hiccups and even boycott threats, has been losing U.S. customers to rivals this winter. In February, the company ceded market share to other chains, according to data from xAd Inc., a research firm that uses location signals from mobile phones to measure customer traffic. Starbucks’ share declined to 11 percent among the …

  Bloomberg Vodacom Group Ltd.’s Tanzanian unit will begin an initial public offering on Thursday, the first in a series of listings expected on the domestic exchange that may spur mergers and acquisitions, Managing Director Ian Ferrao said. The company plans to raise 476bn shillings in an offering of 560mn shares at 850 shillings each, according to a prospectus issued …