Retail

  Bloomberg Costco Wholesale Corp. fell the most in almost 15 months after posting disappointing quarterly earnings, a sign its warehouse-club model may be less durable than expected in a shaky retail economy. Earnings were $1.17 a share in the fiscal second quarter, the Issaquah, Washington-based company said. Analysts had predicted $1.36 a share, according to data compiled by Bloomberg. …

  Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, announced the opening of its second Carrefour hypermarket in Nairobi, Kenya. The retailer’s expansion within the Kenyan market marks a significant milestone in the company’s expansion plans into the African continent. The most recent hypermarket is …

  Bloomberg Retailers in India’s drought-hit southern state of Tamil Nadu stopped selling PepsiCo Inc. and Coca-Cola Co.’s sodas alleging that the companies were depleting ground water. About 70 percent of the 1.5 million members of the local retailers association who stock carbonated drinks have stopped selling the two brands, A. M. Vikkramaraja, president of the group, said in a …

  Bloomberg After years of seeing fewer US customers come in its doors, McDonald’s Corp. is increasingly embracing a different philosophy: take the food to them. The fast-food chain will rely heavily on delivery to reignite sales, especially in the US, according to executives speaking at McDonald’s investor day in Chicago. The company also is turning more aggressively to digital …

  Bloomberg BCBG Max Azria Group Inc., the glitzy fashion house founded by designer Max Azria, filed for bankruptcy in a third attempt in two years to rescue a business beset by changing consumer habits. The latest turnaround effort began in January when the chain started closing 120 of its stores, Chief Restructuring Officer Holly Felder Etlin said in court …

  Bloomberg MTN Group Ltd. has been having a tough time of it in Nigeria, its most lucrative market. Protesters last week vandalized the company’s headquarters in the capital, Abuja, in retaliation for xenophobic attacks on Nigerians in South Africa, singling it out among more than 100 other Johannesburg-based businesses. It suffered its first-ever loss last year after Nigeria’s regulator …

  Bloomberg Canada Goose Holdings Inc., the maker of $900 parkas worn by celebrities from Toronto rapper Drake to Blue Jays slugger Jose Bautista, is seeking to raise as much as C$320 million ($240 million) in its initial public offering. The Toronto-based retailer and its backers, which plan to list shares both in the company’s home city and in New …

  Bloomberg Wal-Mart Stores Inc., looking to lock in more customers with its mobile-phone app, is updating the software so it can be used to refill prescriptions and skip the line at the pharmacy counter. The upgrade also will let users sign off on medical forms and view prescription pricing on the application, Wal-Mart said. Once their pharmacy orders have …

  Bloomberg A study of Kenya’s telecommunications industry proposes breaking up Safaricom Ltd., the country’s biggest company, according to brokerage AIB Capital Ltd. The report compiled by Analysis Mason proposes “a raft of measures supposed to level the telecommunications playing ground and tame Safaricom,” AIB Chairman Linus Gitahi said in an opinion article published Wednesday in the Nairobi-based Daily Nation …

  Bloomberg Starbucks Corp., setting up shop in Italy for the first time, will open a Roastery location in Milan next year, turning to its upscale brand to gain a foothold in the country that birthed espresso. The 25,500-square-foot (2,370-square-meter) retail space will open in a historic post office in the city’s center in late 2018, about a year later …