Retail

Bloomberg Hermes International is set to join one of Europe’s main equity benchmarks, an inclusion that will further bolster the French luxury company’s visibility among investors. Hermes, the maker of Kelly and Birkin handbags will replace Universal Music Group NV in the Euro Stoxx 50, index operator Qontigo said in a statement. The change will be effective as of December …

Bloomberg A US federal labour official has ordered a new union election at an Amazon.com Inc warehouse in Alabama. After losing the first election in April, the Retail, Wholesale and Department Store Union appealed the outcome to the National Labor Relations Board (NLRB), alleging that Amazon had intimidated workers and pressured them to cast votes in a mailbox the company …

Bloomberg Lululemon Athletica Inc sued Peloton Interactive Inc for patent infringement five days after the fitness bike company filed a preemptive suit against the clothing maker, as a dispute over a busted co-branding deal heats up in the booming home fitness space. Peloton “imitated several of Lululemon’s innovative designs and sold knockoffs of Lululemon’s products, claiming them as its own,” …

Bloomberg Lackluster deals and scarce inventory kept Cyber Monday sales flat compared with a year ago, the latest indication that shoppers made purchases earlier in the season due to concerns about global shipping logjams. US shoppers spent $7.1 billion on Cyber Monday in New York, according to Adobe Inc. It’s too early to determine if Cyber Monday breaks last year’s …

Bloomberg Retail investors were quick to plow cash into the biggest US exchange-traded funds and industries like airlines and travel stocks when the market was hammered. The day-trading crowd snapped up roughly $2 billion in assets like the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 as the buy-the-dip crowd stepped in where Wall Street didn’t, according …

Bloomberg Britain’s billionaire Issa brothers are considering merging UK grocer Asda Group with EG Group, their international chain of gas stations and convenience stores, people with knowledge of the matter said. The Issas are studying a range of strategic alternatives for EG Group, which they own together with buyout firm TDR Capital, the people said, asking not to be identified …

Bloomberg As Americans celebrated Thanksgiving with turkey prices at record highs, another poultry dish that’s a beloved holiday tradition could be in short supply: fried chicken in Japan. Convenience stores in Japan like 7-Eleven and FamilyMart are running low on fried chicken for their holiday platters due to plant closures in Thailand, one of the world’s major chicken producers, following …

Bloomberg The investment firm for one of the world’s biggest retail fortunes is boosting its private equity bets after stepping back from public markets. David Sainsbury, whose great-grandfather founded supermarket chain J Sainsbury Plc, plans to put as much as 253 million pounds ($337 million) into private equity funds through his family office, Innotech Advisers, according to a UK registry …

Bloomberg Black Friday deals ranked among the least generous in years as more US consumers headed back to stores on one of the busiest shopping days of the year. Retailers appear to have the “lowest level of clearance goods in five years or more,” Oliver Chen, an analyst at Cowen & Co, said in a report. According to Salesforce.com Inc, …

Bloomberg Ikea opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening was feted with an event held at the store’s cafeteria attended by Philippine trade secretary Ramon Lopez and foreign minister Teodoro Locsin, where Ikea’s cult-favourite Swedish meatballs …