Retail

  Bloomberg Amazon.com Inc. plans to hire 150,000 seasonal workers, about the same as last year despite slowing sales growth and predictions of a lackluster holiday shopping season. The world’s largest online retailer typically hires legions of temporary workers this time of year to help store, pack and ship items from its warehouses. Employees can earn more than $19 an ...

  Bloomberg Superdry Plc shares jumped as the UK fashion brand returned to profit after Covid-19 pandemic-induced losses. The retailer, known for its logo T-shirts and bright colours, reported adjusted profit before tax of £21.9 million ($24 million), compared with a £12.6 million loss a year earlier. The shares rise as much as 13% in London. The return to profit ...

Bloomberg India’s biggest cookie manufacturer, Britannia Industries Ltd., clinched a deal for operations in Kenya as part its plan to expand in Africa. The company teamed up with Nairobi-based Kenafric Industries to purchase Catalyst Capital-backed Britania Foods Ltd. in Kenya in a $20 million transaction that also involved acquiring property and a plant, Mikul Shah, a director at Kenafric, said ...

  Bloomberg JBS SA, the world’s largest meat supplier, will discontinue operations at its US plant-based unit Planterra and focus on growing markets for alternative proteins in Brazil and Europe. The shutdown comes amid softening consumer demand for plant-based proteins. Maple Leaf Foods Inc. recently decided to reduce the size of its plant-based segment after a review found demand will ...

  Bloomberg Nestle SA, the world’s largest coffee company, will invest more than 1 billion Swiss francs ($1 billion) by 2030 to encourage farmers supplying its Nescafe brand to employ more sustainable farming methods as climate change and extreme weather threaten crops. Nestle will offer training about the best planting techniques as well as cash incentives to motivate farmers to ...

  Bloomberg Large retailers grappling with supply-chain snarls, inflation and increased automation are cracking down on orders from their vendors. Stores such as Walmart Inc. and Target Corp. have long fined suppliers that fail to deliver products on time, in the right amount or with the correct specifications. But after the pandemic allowed for some leeway, US retailers are now ...

  Bloomberg The number of small and medium-sized British businesses selling over Amazon.com Inc.’s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy. Some 85,000 smaller UK enterprises now sell on Amazon, responsible for more than 950 million product sales — or 1,750 per minute, the Seattle-based tech giant said in a statement. More ...

  Bloomberg Australian retail sales climbed for an eighth straight month in August, indicating the nation’s cashed-up households are coping well with rapid interest-rate increases to tackle escalating inflation. Sales advanced 0.6% from July, exceeding economists’ forecasts for a 0.4% gain, Australian Bureau of Statistics data showed. Retailers have posted higher sales every month this year. The rise was driven ...

  Bloomberg Traveloka has secured $300 million in new financing from investors including BlackRock Inc., as Southeast Asia’s biggest online travel startup counts on a post-Covid rebound to expand in the region. The Jakarta-based company said in a statement it struck a deal for financing with investors including Allianz Global Investors and the Indonesia Investment Authority. The size of the ...

  Bloomberg Dozens of lawsuits are challenging the long-standing belief that pregnant women can safely take acetaminophen, an over-the-counter drug used in Tylenol and generic pain medications. Women have filed 87 complaints in seven states against sellers of store-branded pain relievers, including Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. Citing new studies linking the drug to increased ...