Retail

  Bloomberg Italy’s state-run air traffic controller Enav SpA climbed as much as 12 percent in its Milan trading debut after the first large, European listing since Brexit. Enav’s government owners had priced shares in an initial public offering at 3.3 euros apiece, near the top end of an offered price range, to raise 759 million euros ($835 million). The ...

  Bloomberg According to one analyst, not even the Pokemon Go craze can save the restaurant industry. During much of the recovery from the financial crisis, restaurant spending has been a retail highlight as other areas, like department stores, have struggled. According to Stifel Financial Corp. analyst Paul Westra, however, recent surveys point to the start of a serious decline. ...

  HAGUE / AFP Dutch retail giant Ahold and Belgian rival Delhaize have announced that they have finalised their mega-merger after US regulatory authorities gave the union the green light. Both groups said they had inked an agreement to take effect from 2201 GMT after the Federal Trade Commission gave its assent. The FTC had earlier said the sale of ...

  Bloomberg US back-to-school spending will grow 11 percent this year, a sign that families are more confident about the economy and ready to stock up on supplies, according to a survey from the National Retail Federation. Families with children ranging from kindergarten through 12th grade will shell out about $673.57 this year, the Washington-based trade organiation said in a ...

  Bloomberg The day millennial retailer Urban Outfitters announced it was buying Philadelphia’s Vetri Family group of restaurants, including Pizzeria Vetri, to complement its clothing stores, its stock fell as much as 10 percent. Wall Street analysts couldn’t get their heads around why Urban Outfitters would incorporate restaurants into its brand. Marc Vetri, CEO Vetri Family of Restaurants, reveals how ...

  NEW YORK / AP Attacks such as the one in a Munich shopping mall and at a nearby McDonald’s on Friday may lead mall owners to increase their security or even persuade global brands to focus expansion plans on the US rather than Europe. Retail industry experts also said that at this point big iconic brands don’t appear to ...

  Bloomberg Swatch Group AG, the maker of Omega and Tissot timepieces, reported its lowest first-half profit in seven years as demand cratered in Hong Kong, France and Switzerland. First-half operating profit declined 54 percent to 353 million francs ($359 million), the Biel, Switzerland-based company said in a statement on Thursday. The company said last week that earnings at that ...

  Bloomberg UK retail sales had their biggest drop in six months in June, adding to signs that the vote to leave the European Union is starting to bite. The volume of goods sold in stores and online dropped 0.9 percent, more than the 0.6 percent decline seen in a Bloomberg survey of economists, figures from the Office for National ...

  New York / AP Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers about the store they’re in — like where a particular brand is located or what’s in stock — that they would normally ask a sales associate face-to-face. The tool, which the nation’s largest department store chain calls a “mobile companion,” can be ...

  Bloomberg India isn’t an easy place to build an e-commerce company. The vast, multilingual nation suffers from creaky infrastructure, a sometimes myopic bureaucracy and an ingrained distrust of the merchant class. Yet homegrown Flipkart Ltd. has managed the impossible with a blend of Silicon Valley smarts — its founders worked for Amazon.com Inc.; key hires were lured from the ...