Retail

  Bloomberg Walmart named PayPal Holdings Chief Financial Officer as its new finance chief, turning to a company outsider as it seeks to build a financial-technology venture and a membership program. Rainey will start his new job June 6, Walmart said in a statement. A veteran of United Airlines who jumped to PayPal in 2015, Rainey will replace Brett Biggs, …

Bloomberg Online prices in the US rose 3.6% last month from a year earlier, matching February’s record high, according to data compiled by Adobe Inc. From groceries to clothes and pet products, 14 of the 18 categories tracked by Adobe recorded price increases since March 2021. Online inflation, first observed in June 2020 after years of declines, has now persisted …

Bloomberg Amazon.com Inc sold $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant issued senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, yields 1.3 percentage points over …

  Bloomberg Rob Walton, the eldest son of Walmart Inc founder Sam Walton, is planning a bid for the National Football League’s Denver Broncos, according to people familiar with the process. A former chairman of the world’s largest retailer, Walton, 77, is the 17th-richest person on Earth with a net worth of $68.9 billion, according to the Bloomberg Billionaires Index. …

Bloomberg Thailand is rushing to vaccinate its elderly citizens and other vulnerable groups ahead of the local New Year celebrations as the festivities are seen fuelling a surge in Covid cases and deaths, potentially derailing a tentative economic and tourism recovery. Millions of Thais will travel to their hometowns from cities such as Bangkok to join families in celebrating Songkran, …

  Bloomberg Clearpay Finance Ltd is partnering with mall landlord Unibail-Rodamco-Westfield in the UK, continuing the buy-now-pay-later provider’s expansion into brick and mortar retail globally. Customers at 13 stores in Westfield’s pair of giant London shopping centers will be given the option to pay in installments through Clearpay, which is known as Afterpay outside Europe. It adds to Clearpay’s UK …

Bloomberg JD.com Inc’s billionaire founder Richard Liu has stepped down as chief executive officer of China’s No. 2 online retailer, joining tech tycoons that exited top management roles after Beijing’s sweeping internet-sector crackdown. Xu Lei, who was recently promoted to president after more than a decade at the company, takes the helm of the e-commerce titan effective immediately. Liu’s lieutenant …

  Bloomberg Amazon.com Inc interfered in a union election at an Alabama warehouse by prohibiting employees from discussing the union during work hours or posting literature about the effort, according to objections filed by the Retail, Wholesale and Department Store Union seeking to void the election results. Amazon employees in Bessemer, Alabama, voted 993 to 875 against forming a union …

  Bloomberg Nestle SA said access to food is a basic right and a key value for the world’s largest food company following criticism the Swiss firm didn’t scale down its Russian activities quickly enough after the war in Ukraine started. After pressure built up, Nestle said it suspended the vast majority of manufacturing in Russia while maintaining the sale …

  Bloomberg Walmart Inc, which for years has managed its sprawling operations from a famously drab home office, is following through on plans to boost the amenities at its new headquarters complex. A fitness centre will feature tennis courts, three indoor pools and a teaching kitchen, while a child-care centre will be able to accommodate as many as 500 kids, …