Retail

  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 ...

  Bloomberg J Sainsbury Plc raised its profit forecast following strong Christmas sales, defying concern that supply chain problems and a surge of Omicron infections would hit demand over the festive period. Britain’s second-largest grocer said Wednesday earnings have been boosted by cost cuts, and as it matched prices of discounter Aldi on many products to attract shoppers who celebrated ...

  Bloomberg Wall Street is keeping its faith in Amazon.com Inc., the only megacap technology stock with unanimous analyst buy ratings, even after the e-commerce giant lagged behind its peers by a huge margin for the past 18 months. Morgan Stanley grew more optimistic on the shares after their worst annual performance since 2014, raising its price target Monday and ...

  Bloomberg China is urging consumers to boycott a promotion offered by KFC and toy retailer Pop Mart International Group Ltd., saying it encourages food waste— the latest example of a foreign brand running into trouble in the world’s second-largest economy. The China Consumers Association said in a statement Wednesday that one person bought 106 meals, spending nearly 10,500 yuan ...

  Bloomberg Ikea imposed a financial penalty on unvaccinated UK employees who miss work if they are ordered to self-isolate after coming into contact with someone with Covid-19. If these workers become ill with the virus themselves, however, they will still receive sick pay as normal, Ikea said in a statement to Bloomberg. The changes, which came into effect in ...