Retail

  Bloomberg Wal-Mart Stores Inc. is scrapping its ShippingPass program, which struggled to compete with Amazon.com Inc.’s Prime, opting instead for a two-day shipping model that doesn’t have annual membership fees. Subscribers of ShippingPass, which had offered two-day delivery for a $49 membership, will receive refunds as the service is eliminated, Wal-Mart said in a statement. The new approach — ...

  Dubai / Emirates Business JustKidding opened their retail operation in Abu Dhabi at Town Square, at Al Forsan Village located in Khalifa City ‘A’ area. Town Square is now home to several community focussed brands including JustKidding, a multi-brand retailer with all the leading baby brands under one roof. JustKidding was founded in 2006 by two loving and caring ...

  Bloomberg Vodafone Group Plc is in discussions to merge its Indian unit with Idea Cellular Ltd. in a deal that would create the country’s largest cellular carrier and ease a worsening headache for Chief Executive Officer Vittorio Colao. The talks with Idea controlling holder Aditya Birla Group could lead to Vodafone splitting off its Indian business into a separate ...

  Bloomberg Aramex PJSC, the Dubai-based courier and logistics company, is considering minimizing its operations in the UK and serving Europe through the Netherlands or France if Brexit agreements do not favour free trade flows. The company, which is listed on the Dubai Financial Market, would maintain a small hub in the UK but move the bulk of its operations ...

  Bloomberg Reeling from a shaky holiday season and slowing mall traffic, US retailers are facing increasing pressure to close stores as more of their business migrates to the internet. More than 10 percent of US retail space, or nearly 1 billion square feet, may need to be closed, converted to other uses or renegotiated for lower rent in coming ...

  Bloomberg Tesco Plc agreed to buy Booker Group Plc for about 3.7 billion pounds ($4.6 billion), pooling the UK’s biggest supermarket chain with the No. 1 food wholesaler and gaining access to the fast-growing market to supply restaurants and hotels. The grocer said it will pay a mixture of cash and shares worth 12 percent more than at Thursday’s ...

  Bloomberg TAB Gida Sanayi & Ticaret AS, the Turkish company that controls the biggest international Burger King franchise, is considering an initial public offering that could value it at more than $2 billion, people familiar with the matter said. The owners of TAB Gida, which also has the rights to operate Burger King in China, are working with Moelis ...

  Bloomberg Target Corp. introduced a sweeping new policy governing chemicals in products, a move that will push hundreds of suppliers to list ingredients in everything from fragrances to floor cleaner. The guidelines include removing perfluorinated chemicals and flame retardants from textiles in the next five years, as well as eventually disclosing ingredients in all products. Target’s new rules come ...

  Bloomberg Alibaba Group Holding Ltd. added $7.5 billion to its market value after reporting quarterly results that beat estimates and raising its full-year sales forecast. China’s biggest e-commerce company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as ...

  Bloomberg Amazon.com Inc. is set to dodge antitrust fines from a European Union probe into its e-book deals with publishers, according to two people familiar with the company’s bid to settle the 19-month investigation. Amazon has agreed to change controversial clauses that required publishers to offer it terms as good as or better than those they sign with other ...