Retail

  Bloomberg Target Corp’s top executive said US consumers will drive less and consolidate their shopping into fewer trips as they adjust to pricier gasoline and the highest inflation rate in almost four decades. Shoppers are also likely to eat more at home and seek cheaper generic-brand goods in an effort to ease the blow from rising prices, Chief Executive ...

  Bloomberg PT Social Bella Indonesia, a beauty-products startup backed by Temasek Holdings Pte, is in talks with investors to raise $150 million to $200 million for a growth push, according to people familiar with the matter. The Jakarta-based company is negotiating for a funding round that would propel its valuation past $1 billion, said the people who asked not ...

  Bloomberg Andrew Robb, former chief operating officer of New York-listed fashion company Farfetch Ltd, is among the candidates being considered to lead Asos Plc, Sky News reported. Former Asos CEO Nick Beighton stepped down in October. Asos declined to comment to Sky, and Robb couldn’t be reached by Sky for comment. Last week, Asos announced a plan to move ...

  Bloomberg Walmart Inc is preparing to create its own cryptocurrency and collection of non-fungible tokens, filings with the US Patent and Trademark Office show, setting the stage for meeting its customers in the emerging metaverse. The retailer sought several new trademarks in December that show it intends to make and sell virtual goods such as electronics, decor, toys, sporting ...

  Bloomberg Amazon.com Inc has made a last-minute reversal to its plan to ban the use of Visa Inc.’s credit cards issued in the UK. The e-commerce firm emailed UK customers on Monday to say that the ban — set for Wednesday — will no longer take place. Amazon had previously said it was taking this step because of the ...

  Bloomberg US retail sales stumbled at the end of 2021, factory output weakened and consumer sentiment deteriorated at the start of the new year, illustrating a loss of traction for the economy that many analysts view as temporary. Friday’s data deluge showed how lingering shipping challenges, supply and labor constraints, the fastest inflation in decades and the Omicron variant ...

  Bloomberg Walmart Inc is losing two key executives in its US operation as the retail giant ramps up its online offerings and attempts to reverse last year’s disappointing stock-market performance. Chief Merchandising Officer Scott McCall will retire after almost three decades with the company, according to a memo to employees from John Furner, who heads Walmart’s US business. McCall ...

  Bloomberg Starbucks Corp. employees at three more restaurants in New York state will vote on unionization, a US labor official ruled, offering organizers a chance to expand a new labor foothold that’s already inspiring copycat efforts around the country. In her ruling, Nancy Wilson, an acting regional director of the National Labor Relations Board, rejected the company’s arguments against ...

  Bloomberg Instacart Inc. is launching a service offering prepared foods from supermarkets in a bid to capture more customers and better compete in the hot market for meal-delivery. Customers will be able to choose from hundreds of ready-to-eat meals, such as rotisserie chicken, sushi and soups, from grocery stores including Kroger, Publix and Ahold Delhaize’s Stop & Shop. Shoppers ...

  Bloomberg Asos Plc is moving its stock listing to the London stock exchange’s main market in a long-anticipated shift to attract more investors as demand for party dresses and formal wear fuels sales. The UK online fashion retailer also said Thursday that sales over Christmas were solid, helped by brands like Topshop. After shocking the market with a profit ...