Retail

Made.com Group Plc, the British online furniture retailer, abandoned hopes to find a rescue buyer and said it’s taking steps to try to protect its creditors and shareholders. The company, which warned it was running out of cash, decided that there “is no reasonable prospect” for an offer and terminated the sale process. It has halted new orders to its ...

Kraft Heinz Co. and Jeff Bezos-backed startup NotCo are following through with their bet on plant-based foods. Eight months after announcing their joint venture (JV), the companies are unveiling their first products: animal-free cheese slices and mayonnaise. Not Cheese will first appear on shelves in a small market test in Cleveland in early November, with a national rollout to follow ...

L’Oreal SA said there are signs that shoppers are trading down to cheaper skincare products in fresh evidence that soaring inflation is eroding household budgets. The change in consumer behaviour is most pronounced in the UK “where the inflation is the highest,” with trading down affecting the skincare category there but not haircare nor fragrance, said Chief Executive Officer Nicolas ...

After ending its partnership with Ye’s Yeezy label last month, Gap Inc. is now pulling all remaining Yeezy Gap products from its stores and online after the rapper and designer made antisemitic remarks. In a statement, Gap said it would take immediate steps to remove Yeezy Gap items and shut down e-commerce site YeezyGap.com. It now redirects to Gap.com. Last ...

Nearly three-quarters of European consumers are cutting back spending on everyday items, including food, to make ends meet amid a worsening cost-of-living crisis. A new survey shows that 71% of consumers across six key markets in Europe have already made significant changes to how they shop as they battle to cope with inflation that is reaching levels not seen in ...

Canada’s Competition Bureau is launching a study of grocery store competition in the country amid a growing outcry over surging prices for food. While extreme weather, higher input costs, supply chain disruptions and Russia’s invasion of Ukraine may have contributed to higher food inflation, the antitrust watchdog said it wants to better understand whether lack of competition is also at ...

Unilever Plc recalled popular brands of aerosol dry shampoo, including Dove, after discovering they were contaminated with a chemical called benzene that can cause cancer. The recall also covers brands such as Nexxus, Suave, Tresemmé and Tigi, which makes Rockaholic and Bed Head dry shampoos, according to a notice posted on the Food and Drug Administration’s (FDA) website. Unilever’s recall ...

Adidas AG’s next chief executive officer is set to inherit an even tougher job. The company warned that unsold goods are piling up as consumer demand weakens across China and western markets. That sent the German sport apparel maker’s stock slumping as much as 10%. Problems are accumulating under outgoing Chief Executive Officer Kasper Rorsted, including a publicity crisis over ...

UK retail sales fall more than expected last month after the death of Queen Elizabeth II curtailed activity and cost-of-living pressures hit harder. The volume of goods sold in shops and online dropped 1.4% in September after a revised 1.7% decline the month before, data from the Office for National Statistics (ONS) showed. Economists had expected an 0.5% drop. Sales volumes ...

  Bloomberg British consumers are reining in unnecessary purchases after a leap in energy prices ate into their discretionary spending, forcing people to cut back on new clothes, evenings out and lunches out. Barclaycard, which manages about half of the nation’s credit and debit card transactions, said outlays on non-essential items in rose 1% from a year ago in September, ...