Retail

  Bloomberg Aldi is giving its UK staff a pay rise for the second time this year as the German discount supermarket attracts more shoppers seeking to cope with the higher cost of living. Starting in September, Aldi will pay store workers at least £10.50 ($12.59) an hour and £11.95 in London, the highest pay among supermarkets in Britain, according …

  Bloomberg Amazon.com Inc is done dabbling in healthcare. With its proposed $3.49 billion purchase of One Medical parent 1Life Healthcare Inc, the e-commerce giant is taking its biggest step yet into an industry that accounts for about one-fifth of the US economy. The deal will give Amazon relationships with hundreds of thousands of patients and their employers as well …

  Bloomberg Shares in Frasers Group Plc leaped after the owner of Sports Direct and House of Fraser reported bumper profits and said it expects to grow further this year in the first financial results since Michael Murray took over as chief executive. Frasers forecast profit of at least £450 million ($538 million) in the financial year to April, building …

Bloomberg Lululemon Athletica Inc workers are petitioning to unionise, extending a wave of organising at previously union-free US retail firms. Employees at one of the athletic-wear company’s Washington stores filed for a unionisation election with the National Labor Relations Board. The proposed bargaining unit would cover 33 employees, according to the filing from the workers’ new labour organisation, which calls …

  Bloomberg Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, posted a 46% increase in quarterly profit but fell short of market expectations as high costs made a dent to the windfall gains from refining business. Net income at India’s biggest company by market value jumped 46% to 179.6 billion rupees ($2.3 billion) for the three months ended on June …

Bloomberg UK retail sales fared better than expected in June as a jump in bank holiday food sales helped mask the impact of the wider cost of living squeeze. The volume of goods sold in stores and online fell 0.1%, following a 0.8% drop in May that was bigger than previously reported, the Office for National Statistics (ONS) said. Economists …

  Bloomberg A top management executive from Marks & Spencer Group Plc is leaving to take a finance role at Associated British Foods Plc, the owner of clothing chain Primark. Eoin Tonge, currently chief financial and strategy officer at M&S, will replace John Bason who will be retiring as finance director, AB Foods said in a statement. Bason, who has …

  Bloomberg An Indian court agreed to send Future Retail Ltd into bankruptcy, allowing the creditors to find a new owner for the beleaguered retailer that once operated the largest chain of department stores across the country and was the prized trophy for two retail sector giants. The National Company Law Tribunal gave its verdict on a petition by Bank …

  Bloomberg British consumers are starting to lose faith in the quality of food sold by UK supermarkets as they adapt their buying habits to cope with the highest inflation in four decades. Trust in supermarkets fell 20% over the past year and almost a quarter of shoppers say they are buying lower-quality products to feed their families, according to …

Bloomberg Amazon.com Inc warehouses near New York City, Chicago and Orlando were inspected by federal investigators as part of a probe into potential worker safety hazards. Investigators from the Department of Labor’s Occupational Safety and Health Administration visited the sites on referrals from federal prosecutors in Manhattan, said Nicholas Biase, a spokesman for US Attorney Damian Williams. Amazon for years …