Retail

  Bloomberg India’s expected surge of rich consumers is driving the jewellery unit of Indian conglomerate Tata group to triple its Zoya-branded luxury stores by 2027. “There is a lot of latent demand for luxury from India and high net-worth individuals are going to explode,” Ajoy Chawla, the chief executive officer of the jewellery division at Titan Co., said in ...

  Bloomberg E-commerce stocks have struggled this year, and plenty of investors are doubtful the holiday shopping season will provide a catalyst to turn things around. Online retailers such as Wayfair Inc. and Etsy Inc already are under pressure from the loss of pandemic-era tailwinds and economic weakness weighing on consumer sentiment. Now, some analysts are fretting that high inventories ...

  Bloomberg Britons took action to curtail their energy use this winter by buying blankets, warm clothing and energy-efficient appliances in response to soaring gas and electricity prices. That’s according to the latest sales survey from the British Retail Consortium, which also found consumers cut back on big-ticket items such as computers, televisions and furniture last month. The overall value ...

  Bloomberg Deliveroo Plc is opening its first physical grocery outlet in the UK on central London’s New Oxford Street in an expansion of its rapid delivery service. Customers will be able to purchase items by ordering through digital kiosks in the store, ordering ahead via the Deliveroo app for in-store collection or for delivery nearby. The new effort from ...

  Bloomberg When Mike Newman started to hear warnings earlier this year about delays at ports on the US West Coast because of labour negotiations, the threat of more supply-chain chaos “became the last straw for us.” So the chief executive officer of New York-based Returnity Innovations moved about two-thirds of his production of reusable shipping bags and boxes to ...

  Bloomberg Adidas AG put its relationship with Kanye West under review amid growing acrimony between the designer and his closest corporate partner, sending shares of the German sports company lower. Adidas said it was reviewing the troubled Yeezy partnership after trying repeatedly to resolve the situation privately. West, who now goes by Ye, responded on Instagram by cursing at ...

  Bloomberg Tesco Plc froze prices on 1,000 products until next year to maintain its leading market share in the UK amid intense competition from discount grocers Aldi and Lidl. Britain’s biggest grocer reported better-than-expected sales and only slightly reduced its profit guidance for the fiscal year as it works to keep prices low and increases pay to blunt the ...

  Bloomberg Starbucks Corp. illegally fired a Michigan employee because she engaged in union activism and participated in a US labour board proceeding, a National Labour Relations Board judge ruled. The agency judge’s decision requires the coffee chain to offer the worker reinstatement with back pay. It says Starbucks must also hold a meeting with employees as well as representatives ...

  Bloomberg Levi Strauss & Co reported quarterly revenue that fell short of expectations, and the denim maker also reduced its outlook for the full year, citing economic uncertainty along with supply-chain disruptions and a stronger US dollar. Revenue in the fiscal third quarter ended August 28 was $1.52 billion, below the $1.6 billion average estimate of analysts surveyed by ...

Bloomberg Marks & Spencer Group Plc is starting to offer a digital credit account allowing customers to spend as much as £500 interest-free as shoppers battling the higher cost of living seek to postpone their payments. Sparks Pay is available to customers who have signed up to the M&S Sparks loyalty program and allows shoppers one-click purchases on the M&S ...