Retail

  Bloomberg Hugo Boss AG shares climbed the most in almost five years after the German clothier said 2016 operating profit was at the upper end of its forecast range, providing a boost for a company mired in falling sales and earnings. The stock rose as much as 9.7 percent to 60.33 euros, the steepest intraday gain since March 14, …

  Bloomberg As Britain’s retailers reported on what for most was a successful holiday season, one of the biggest and most storied of all warned that it expects a particularly difficult year ahead. Employee-owned John Lewis Partnership said that Brexit-induced inflation and a rise in online competitors are increasingly pressuring earnings. Such is its concern that the owner of John …

  Bloomberg Wal-Mart Stores Inc. is overhauling its e-commerce team and elevating executives from its recently acquired Jet.com business, aiming to better challenge Amazon.com Inc.with more selection and lower prices. The changes are meant to make Wal-Mart more “customer-centric,” Jet founder Marc Lore, who is now CEO of Wal-Mart’s e-commerce operation, said in a memo Friday that was obtained by …

  Bloomberg Canada Goose Inc. is planning to go public as soon as next month, people with knowledge of the matter said, in an initial public offering that could value the company at about $2-billion. The Toronto-based retailer, backed by Bain Capital and known for its trademark $900 parkas with coyote fur-lined hoods, is aiming to go public in February …

  Bloomberg UK supermarket leader Tesco Plc posted its strongest quarterly sales growth in more than five years and said it had a good Christmas as the grocer continues its revival under Chief Executive Officer Dave Lewis. Sales at UK stores open at least a year rose 1.8 percent in the 13 weeks ended Nov. 26, the Welwyn Garden City, …

  Bloomberg J Sainsbury Plc shares surged the most in more than a year after better-than-expected holiday sales provided a positive cap to an otherwise disappoin- ting year, continuing the supermarket sector’s strong Christmas run. The stock rose as much as 7.1 percent — the steepest intraday gain since Jan. 5 last year — after same-store sales at Sainsbury supermarkets …

  Bloomberg Marks & Spencer Group Plc (M&S) reported its best clothing sales in more than five years, delivering a confidence boost to the embattled British retailer after a tumultuous year marred by management overhauls, store closures and plunging shares. Same-store sales in its clothing and home division rose 2.3 percent in the third quarter ended Dec. 31, the London-based …

  Bloomberg McDonald’s Corp. agreed to sell a controlling stake in its China and Hong Kong operations to a group of financial investors in the latest effort by the world’s largest fast-food chain to catch up with Western rivals by opening new stores in smaller Chinese cities. A consortium including Citic Ltd. and Carlyle Group LP will buy an 80 …

  Bloomberg Barnes & Noble Inc. posted its first decline in holiday sales in three years, hurt by a downturn in the coloring-book category, bringing another sign that the Christmas season wasn’t kind to retailers. Same-store sales sank 9.1 percent for the nine-week holiday period, the New York-based company said. Coloring books and other art supplies — products that had …

  Emirates Business Oris, one of Switzerland’s few remaining independent watch companies, announces the opening of ‘Maison Oris’ at 22 Barfusserplatz in the Swiss city of Basel. The new boutique will be operated in cooperation with renowned jeweller Seiler, and will offer Oris customers an unrivalled experience of the company and its watches. The two-storey boutique has been designed as …