Retail

  Dubai / Emirates Business MAX, the largest value fashion brand in the region, has recently undergone a digital transformation to simplify and enhance the shopping experience for its customers. Based on customer feedback around their shopping preferences, Max launched a number of innovative services that continue to build on its regional success. Starting with a single store in the ...

  Bloomberg South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings Ltd. for cheaper food and eschewing new clothes to counter accelerating inflation. Africa’s biggest food retailer reported 7.4 percent half-year sales growth at South African stores that have been open for more than a year, equal to how much the company ...

  Bloomberg Amazon.com Inc. and India’s Flipkart Online Services Pvt have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, according to two people with knowledge of the matter. The e-commerce business is now seeking other potential investors and is negotiating with mall-operator Majid Al Futtaim, one of the people said, asking not to be identified as ...

  Bloomberg British trenchcoat maker Burberry Group Plc said business in Asia-Pacific returned to growth and it enjoyed an “exceptional” boost at home in the UK as the lower pound drew shoppers, the second positive sign in a week for Europe’s struggling luxury-goods industry. Third-quarter retail revenue rose 4 percent on a currency-neutral basis, the London-based company said on Wednesday, ...

  Washington / Reuters Wal-Mart Stores Inc will create about 10,000 jobs in the United States this year as part of a previously announced plan, it said, as President-elect Donald Trump puts pressure on companies to hire more US workers. The world’s largest retailer joined companies like General Motors Co and Amazon.com Inc, which have rushed to announce their plans ...

  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, ...