Retail

  Bloomberg Amazon.com Inc. disclosed Iranian business ties that may have violated U.S. sanctions, warning that it may be penalized after a regulatory review of the activities. The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered by the Iran Threat …

  Emirates Business Micromax Informatics Ltd, India’s leading handset manufacturer and the 10th largest smartphone player in the world, on Sunday announced its foray into the Middle East and North Africa (MENA) region with the entry into the UAE smartphone market. Micromax has entered a strategic agreement with Tchannl, one of the leading players in telecom, IT and consumer electronics …

  Bloomberg After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years, as co-founder Lei Jun mimics a strategy that’s helped the …

  Bloomberg Hermes International SCA added to evidence of a luxury rebound as shoppers in Asia buy more silk scarves and Birkin handbags while tourists who were deterred by terrorism return to its stores in Europe. Revenue climbed 7.6 percent to 1.5 billion euros ($1.6 billion) in the fourth quarter, the Paris-based company on said Wednesday, meeting analyst expectations. Growth …

  Bloomberg Anna Krutevich looks over the displays of diapers, Hot Wheels and baby food at Detsky Mir, a children’s emporium in Moscow’s Aviapark shopping mall, then pulls juice and milk from a shelf. Though the past two years have been tough as Russia has slogged through a recession, the jewelry marketing manager still spends 15 percent of her salary …

  Bloomberg Sharp Corp. rose the most in two weeks after the company narrowed its full-year loss outlook and posted its first quarterly profit in more than two years. The shares climbed as much as 4.5 percent to 327 yen in Tokyo on Monday, the biggest intraday jump since Jan. 23. The net loss will reach 37.2 billion yen ($330 …

  Bloomberg Warren Buffett once quipped that a ‘farsighted capitalist’ should have shot down Orville Wright at Kitty Hawk to spare investors all the losses they would suffer on airlines in the decades after the birth of flight. That’s why it was a surprise when, in November, the billionaire’s Berkshire Hathaway Inc. disclosed investments in the four largest US carriers: …

  Bloomberg In line with its efforts to digitise its services to create a secure e-commerce environment, du has increased the security of its payment gateway with Payment Card Industry Data Security Standard (PCI DDS) compliance. This certification enables du customers to process their payment transactions and cardholder data more securely than ever before. “PCI-DSS Compliance enables du to tighten …

  Bloomberg Hudson’s Bay Co. is in early stage talks with Macy’s Inc. about a possible takeover of the struggling department-store chain, according to a person familiar with the matter. Discussions are preliminary, and a full takeover may not be the only option on the table, the person said, asking not to be identified as the details aren’t public. A …

  Bloomberg China’s Alibaba Group Holding Ltd. will lead a $200 million round of investment in newly established Indian online retailer Paytm E-commerce Pvt, a person familiar with the matter said. The investment by Alibaba and private equity firm SAIF Partners values the company at $1.1 billion, said the person, who didn’t want to be identified talking about a private …