Retail

Bloomberg McDonald’s Holdings Co Japan will raise menu prices for the second time this year, joining a growing number of businesses passing on the impact of the weakening yen and the highest inflation in decades to the consumers. The fast-food chain will raise the price of about 60% of its products by 10 to 30 yen ($0.07-$0.21) from September 30, …

  Bloomberg Unilever Chief Executive Officer (CEO) Alan Jope plans to retire at the end of next year following a tumultuous period where the company botched a potential $53 billion deal and irked investors with lackluster growth. Jope, 58, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor …

Bloomberg Apple Inc began making its new iPhone 14 in India sooner than anticipated, after a surprisingly smooth production rollout that slashed the lag between Chinese and Indian output from months to mere weeks. The US tech giant made the announcement on Monday, weeks after the marquee device’s September 7 unveiling. It had worked with Foxconn Technology Group, its most …

  Bloomberg Canadian retail sales rise slightly in August, a welcome rebound from the largest decline in more than a year in July. Receipts for retailers increased 0.4% in August, Statistics Canada reported Friday in Ottawa, according to an advance estimate. That follows a 2.5% sales drop in July, which was the first decline in seven months and the largest …

Bloomberg Online furniture store Made.com Group Plc put itself up for sale after the cost-of-living crisis and supply-chain snarls severely disrupted a business that boomed during Covid-19 lockdowns. The UK company kicked off a strategic review, saying it hasn’t received any formal offers. Made.com said it’s considering debt financing, taking on a business partner or a complete sale or merger. …

  Bloomberg Walmart Inc, the largest private-sector employer in the US, aims to hire 40,000 seasonal workers for the holiday season this year — a sizable decrease from 2021. A year ago, the retail giant said it would add 150,000 jobs, many of them permanent, during the year’s busiest shopping season. In the coming months, Walmart will start by offering …

  Bloomberg Amazon.com Inc lost a bid to exclude top executives including billionaire founder Jeff Bezos and CEO Andy Jassy from having to testify in a Federal Trade Commission probe. The company filed a petition with the FTC last month, arguing that the agency’s information and interview requests were “unduly burdensome.” In an order, the FTC rejected that request, saying …

  Bloomberg Lidl is raising wages for its UK staff to overtake Aldi and become the highest-paying supermarket in Britain. Starting next month Lidl will pay employees £10.90 ($12.38) an hour outside London, up from £10.10, and £11.95 within the capital, up from £11.30 previously, the company said. That compares with its rival discounter Aldi which pays at least £10.50 …

  Bloomberg JD Sports Fashion Plc will pay former boss Peter Cowgill at least £5.5 million ($6.3 million) as part of an exit deal after he was ousted in May amid concerns over the company’s governance practices, including a meeting he held in a parking lot with the head of a rival company. As part of the accord Cowgill is …

  Bloomberg HappyFresh has secured funding from investors to resume online grocery operations in Indonesia, staving off a potential cash crunch fomented by the regional economic slowdown. The Instacart-style grocery delivery service said it’s restarting operations in its home market, after a strategic review. It will work with venture debt funds Genesis, Innoven and Mars on restructuring the business, HappyFresh …