Retail

  Bloomberg Amazon.com Inc. is turning to merchants who sell on its marketplace for extra warehouse space, a less-costly way to expand inventory available for quick delivery. Inventory available for delivery within two business days expanded by 6 million items under the Seller Fulfilled Prime program, the company announced on Thursday. Amazon earlier this year introduced the program, which lets ...

  DUBAI / Emirates Business First Avenue, the new shopping mall and hotel planned for Dubai’s Motor City, signed up leading retailer Carrefour as a key anchor tenant ahead of the project’s launch early next year. As a recent report shows that Dubai’s retail market will surpass US$52 billion in sales by 2020 and the government aims to attract 20 ...

  Bloomberg Hugo Boss AG said it won’t return to growth until 2018 as Chief Executive Officer Mark Langer embarks on a turnaround plan for the ailing German fashion house that includes eliminating brands, slowing down store expansion and selling more online. The retailer said 2017 will be a transition year as it reorganizes its wholesale unit that sells to ...

  Bloomberg Here’s one area where Wal-Mart Stores Inc. is handily beating Amazon.com Inc.: telling shoppers what ingredients are in the products they’re buying. That’s the conclusion of a scorecard that ranks major retailers’ policies on harmful chemicals. Wal-Mart holds the top spot, followed by Target Corp. Amazon occupies last place in the study, which is scheduled to be released ...

  San Francisco / AFP German-based hotel booking site trivago, controlled by US online travel giant Expedia, filed for a public share offering in New York. The firm founded in 2005 which aims to connect travellers to hotels at the lowest rate is used for booking at 1.3 million hotels in over 190 countries, and has 55 localized websites and ...

  Bloomberg Telkom SA SOC Ltd. said first-half earnings rose 20 percent as South Africa’s biggest landline provider reported a maiden profit for its faster-growing mobile business. Earnings per share excluding one-time items were 3.36 rand in the six months through September, the Pretoria-based company said in a statement on Tuesday. That was in the middle of a range forecast ...

  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 ...