Retail

Bloomberg Nestle SA reported a healthy gain in revenue as the world’s largest food company started the year with its strongest first-quarter pricing in more than a decade. Sales rose 7.6% on an organic basis in the first quarter, the company said. Analysts expected 5.1%. The figures exclude Russia, where Nestle has halted some activities. Food and beverage companies have ...

  Bloomberg Amazon.com Inc said it will let merchants sell products they list with the e-commerce giant directly from their own websites, as part of a move to blunt the momentum of fast-growing competitor Shopify Inc. The new “Buy With Prime” feature combines Amazon’s payments and fulfillment services and makes them available at checkout on other websites, letting shoppers use ...

  Bloomberg L’Oreal SA sales climbed as the cosmetics giant benefited from higher demand for its luxury products, weathering virus restrictions in China. The French company’s sales rose almost 14% on a like-for-like basis in the first quarter, beating analyst estimates. Three of the four main divisions grew by double-digit percentages. The stock advanced as much as 2.8% and traded ...

Bloomberg The reports of retail sales and consumer sentiment offered a glimmer of optimism that Americans aren’t ready to pull back on spending en masse in the face of decades-high inflation. Granted, the 0.5% rise in March sales was dwarfed by an even bigger increase in inflation that shows real spending is softening after a stronger start to the year. ...

Bloomberg Amazon.com Inc will levy a 5% fuel and inflation fee on online merchants that use its shipping services, according to documents reviewed by Bloomberg, putting pressure on sellers to raise prices. The surcharge, which is scheduled to kick in April 28, will apply to US sellers who use the Fulfillment by Amazon service that stows, packs and ships products. ...

  Bloomberg Starbucks Corp Chief Executive Officer Howard Schultz, moving to further put his stamp on the coffee giant in his third stint at the helm, criticised “false promises” and poor short-term decisions by prior management in a message to employees. In a seven-minute video set to be sent to Starbucks employees and viewed by Bloomberg News, Schultz discussed the ...

  Bloomberg Bed Bath & Beyond Inc blamed an unexpected fourth-quarter loss and slowing sales on global supply-chain disruptions and weakening consumer confidence. The retailer said that an “abnormally high” level of inventory was in transit, unavailable or held at ports through the early part of this quarter. That contributed to a larger-than-expected drop in sales and has thrown a ...

Bloomberg Uniqlo operator Fast Retailing Co rose the most in more than three weeks after reporting a 27% jump in quarterly operating profit and kept its outlook for the fiscal year despite the shutdown of its Russian operations and the resurgence of Covid in China that are fueling uncertainty in clothing sales across the world. Operating profit rose to 70 ...

  Bloomberg Japanese convenience store operator Lawson Inc will raise the prices of its beloved chicken nugget snack “Karaage-Kun” for the first time since it was introduced in 1986. The price of the five-pack nuggets, sold in a paper envelope with a toothpick and a chicken illustration that’s instantly recognisable to anyone in the country, will increase 10 percent to ...

Bloomberg Brazil’s retail sales rose more than forecast on gains in categories such as fuels, clothing and electronics, as cases of the Omicron variant of the coronavirus plunged. Sales rose 1.1% in February from the month prior, more than the 0.3% median estimate from analysts in a Bloomberg survey. At the same time, January’s increase was revised higher to 2.1%. ...