Retail

  Bloomberg British mobile phone giant Vodafone on Tuesday said its first-half net loss doubled to more than 5.0 billion euros owing to a huge writedown for its Indian unit. Vodafone said its loss after tax soared to 5.1 billion euros ($5.5 billion) in the six months to September 30 compared with a net loss of 2.5 billion euros one …

  Beijing / AFP China’s retail sales growth slowed last month, government data showed Monday, in a worrying sign for domestic demand in the world’s second-largest economy. Retail sales in October grew 10 percent from a year earlier, missing expectations for sales to match the previous month’s pace of 10.7 percent, the National Bureau of Statistics (NBS) said. Other data …

  Bloomberg Vodacom Group Ltd., Africa’s biggest wireless operator by market value, reported a 4.1 percent increase in first-half sales as strong growth in its home market of South Africa offset falling customer numbers in some international businesses. Sales rose to 40.2 billion rand ($2.8 billion), while service revenue growth was 5.3 percent, led by the addition of 2.3 million …

  Bloomberg American Apparel Inc. filed for bankruptcy less than a year after ending its first stint under court protection, and agreed to sell the brand to Gildan Activewear Inc., a Canadian maker of T-shirts and underwear, for about $66 million. American Apparel filed for protection from creditors Monday, Gildan said in a statement. The Montreal-based company said it’s not …

  Abu Dhabi / Emirates Business The International Council of Shopping Centers (ICSC) announced the winners of the 2016 Middle East and North Africa (MENA) Shopping Centre and Retailer Awards, recognizing the region’s most innovative shopping centers for outstanding achievement in retail, retail store design, design and development, and marketing. ICSC has named Al Wahda Mall, Abu Dhabi an Iconic …

  Emirates Business Pioneering Swiss watchmaker Rado is beefing up its collection with the HyperChrome 1616, an oversized hypermasculine ode to the spirit of discovery. A reinterpretation of Rado’s vintage Cape Horn collection, the HyperChrome 1616 pays tribute to the 400-year anniversary of the brave discovery of this South American headland. In 1616, two Dutch merchants pushed the limits of …

  Bloomberg Bombardier Inc. surged the most in six months after forecasting annual profit at the high end of its previous outlook as the maker of the much-delayed C Series jetliner slowed the rate at which it had been burning through funds. Higher operating cash flow and reduced investment following certification of the CS100 and CS300 models of the marquee …

  Bloomberg Kenneth Cole Productions, a fashion house and shoe company founded more than three decades ago, is closing almost all its stores, effectively ending its run as a U.S. brick-and-mortar chain. The New York-based retailer will shutter its 63 outlet stores over the next six months, Chief Executive Officer Marc Schneider said in an e-mail. That leaves Kenneth Cole …

  Bloomberg South African retail stocks slumped, heading for the lowest in almost seven months, after Woolworths Holdings Ltd. said clothing sales fell, adding to similar recent declines reported by local competitors. The eleven-member FTSE/JSE Africa General Retailers Index retreated 4.1 percent in Johannesburg, heading for the lowest level since April 24. Cape Town-based Woolworths tumbled 3.7 percent to 67.68 …

  Berlin / AFP German sporting goods maker Puma said on Thursday it almost doubled net profits in the third quarter thanks to strong growth in sales driven by sponsorships of top Olympic athletes in Rio. The Bavaria-based firm made 39.5 million euros ($43 million) in net profit between July and September, 98 percent higher than the same period last …