Retail

  Bloomberg Johnson & Johnson (J&J) reported third-quarter earnings that beat analyst estimates as revenue grew in its drugs and medical-device businesses despite pressure from the stronger dollar. The diversified health-care company, which is in the process of separating out its consumer division, reported sales results that were roughly in line with Wall Street’s estimates for the pharmaceutical and medical-device ...

Bloomberg Walmart Inc is starting a platform for social media influencers — a bid to get help from online content creators to sell everything from food to apparel. The program, called Walmart Creator and accessible via an internet browser, is designed to make it easier for influencers to recommend company products, the retailer announced in a statement. Influencers will have ...

  Bloomberg Uber Technologies will offer consumers delivery within minutes on orders from frozen-grocery chain Iceland Foods, in its first “quick commerce” partnership in the UK. Customers on the Uber Eats mobile app will be able to order more than 1,000 items from Iceland via the new initiative, known as Uber Eats Market, the company said. The move marks Uber’s ...

  Bloomberg Albertsons Cos. reported a quarterly profit that topped Wall Street’s estimates, underscoring the steady demand that makes the grocer an attractive takeover target for Kroger Co. Earnings excluding some items rise to 72 cents a share in the fiscal second quarter, Albertsons said in a statement. That surpassed the 64-cent average of analyst estimates compiled by Bloomberg. Sales ...

Bloomberg Nestle SA Chief Executive Officer (CEO) Mark Schneider said inflation will remain an issue in 2023 even after the world’s largest food maker pushes through the biggest price increases in decades this year. “This is a situation no one wished for,” CEO Mark Schneider said in an interview with Bloomberg Television. “We are seeing huge upward pressure on energy, ...

  Bloomberg Brazilian cosmetics maker Natura &Co is assessing options to unlock value at its high-end brand Aesop as the company seeks to restore investor confidence following a 76% stock plunge over the past 15 months. The shares rebounded as much as 18%. The Sao Paulo-based company will start studies for a possible initial public offering of Aesop, or a ...

  Bloomberg India’s gold sales during the festival period that ends the year may shine less brightly after a massive jump in 2021, and customers won’t be rushing to stores this time around, according to the World Gold Council. Demand for gold jewelry, coins and bars typically peaks in the world’s second-biggest consumer over October to December, driven by festivals ...

  Bloomberg Pick n Pay Stores Ltd. will more than double the pace of low-cost food and clothing store openings over the next year as living costs rise and cash-strapped shoppers turn to cheaper alternatives. The South African grocer plans to open 61 of its discount Boxer food stores in the fiscal year through August, from 36 in the previous ...

  Bloomberg Prices for the most popular pre-owned Rolex, Patek Philippe and Audemars Piguet watches will fall further as the market has been flooded with supply, analysts at Morgan Stanley said in a report. After surging in 2021 and during the first quarter of 2022, an index of the most popular models from Daytona chronograph maker Rolex tracked by WatchCharts ...

  Bloomberg Domino’s Pizza Inc’s better-than-expected quarterly sales are a further indication that even in the face of inflation, consumers are still indulging in their favourite meals and snacks. Domino’s stock surged as much as 11% in New York trading, the most since July 2021, after US comparable-store sales beat analyst estimates. Overall it was a mixed quarter, with revenue ...