Retail

  Bloomberg McDonald’s Holdings Co Japan will only offer french fries in small sizes after flooding at a Vancouver port and the coronavirus pandemic have cut off supplies of one of its key offerings. While the fast-food chain is trying to address the problem with alternative flights and is cooperating with suppliers and importers, it will only offer small-size french ...

  Bloomberg The number of people visiting London’s major shopping district was down by almost a fifth on the last weekend before Christmas compared with pre-pandemic levels, a further sign of the toll the spread of the omicron variant is taking on beleaguered UK stores. Footfall in the West End was 17% lower than the equivalent period in 2019, and ...

  Bloomberg Future Retail Ltd’s shares and dollar bonds jumped after an order by India’s antitrust body may make it harder for Amazon.com Inc to block a bid for the Indian department store chain by rival Reliance Industries Ltd. Future’s shares rose by the maximum permissible 20% to 57.5 rupees in Mumbai on Monday, the biggest surge since August last ...

  Bloomberg Alibaba Group Holding has unveiled ambitious objectives for its Southeast Asian arm Lazada, accelerating an overseas expansion to offset Chinese economic and regulatory headwinds. The Chinese e-commerce leader is targeting a long-term goal of quintupling gross merchandise value, the sum of transactions across Lazada’s platforms, to $100 billion, Alibaba outlined in a presentation to investors. It wants Lazada ...

Bloomberg Nike Inc is acquiring a virtual collectibles company as it dives further into the metaverse. The sportswear giant agreed to buy RTFKT, a business founded in 2020 that creates digital products like sneakers and uses blockchain technology to ensure authenticity, according to a statement. Financial terms of the deal were not disclosed. “This acquisition is another step that accelerates ...

  Bloomberg Ocado Group Plc shares surged after the UK company won the first round in a patent-infringement case filed by rival AutoStore Holdings Ltd that has been hanging over the online grocery technology provider. Ocado shares rose as much as 9%, while Autostore dropped as much as 15%. Three AutoStore patents are invalid, while Ocado doesn’t infringe a fourth, ...

  Bloomberg Mukesh Ambani’s Reliance Industries Ltd, along with a partner, are among those bidding to take over bankrupt Indian textile firm Sintex Industries Ltd, according to a stock-exchange filing, as the billionaire attempts to diversify from an oil empire and into telecommunications, green energy and fashion. Reliance is partnering with Assets Care & Reconstruction Enterprise Ltd to bid for ...

  Bloomberg More Retail Pvt, an Indian grocery chain backed by Amazon.com Inc, is considering an initial public offering that could value the company at as much as $5 billion, according to people with knowledge of the matter. The company is weighing a first-time share sale in Mumbai as early as June, the people said, asking not to be identified ...

  Bloomberg Australian retailers recorded their best month of sales in nearly a year as consumers splashed out on everything from dining out to clothing, taking advantage of the easing of protracted lockdowns and building momentum in the economy for the final quarter. Sales surged 4.9% in October from a month earlier, when they rose 1.3%, and more than doubled ...

  Bloomberg Ralph Lauren Corp is debuting its first digital fashion line in Roblox Corp’s virtual world, becoming the latest apparel maker to try building brand awareness in the metaverse. The company, known best for its polo shirts, is offering a “Winter Escape” experience in the Roblox online universe. Players can enjoy activities such as ice skating while shopping for ...