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Kohl’s rises as chief says sales picking up

Bloomberg Kohl’s Corp rose in early trading after CEO Michelle Gass said comparable sales gained ground in the latter part of the second quarter and that store traffic is on the rise, thanks to its partnership with Amazon.com. While same-store sales fell 2.9 percent for the full quarter, missing analysts’ projections, according to Consensus Metrix, Kohl’s posted profit of $1.55 ...

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Jumia finds wrongdoing in Nigeria sales force amid loss

Bloomberg Jumia Technologies has identified improper transactions at the Africa-focused online retailer’s Nigeria business that amounted to as much as 4 percent of first-quarter sales. While the Berlin-based company says it’s taking measures to cut out instances of wrongdong, the findings backed up warnings made by short-sellers Citron in a report three months ago, which brought an abrupt end to ...

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Qantas tests 20-hour non-stop flights

Bloomberg Qantas Airways Ltd will run marathon ghost flights from New York and London to Sydney carrying just a few staff to see how the human body holds up before commercial services start. Qantas said it will simulate the world’s longest direct flights with Boeing Co Dreamliners as soon as October. The payload of 40 passengers and crew, most of ...

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