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Amazon.com’s slashed prices leave rivals reeling

Bloomberg A price war has raged in US supermarket aisles for well over a year, bloodying retailers big and small. On Monday, Amazon.com Inc. plans to toss a smart bomb into the fray. The online giant’s move to slash prices on everything from organic baby kale to fair-trade bananas on the same day its $13.7 billion acquisition of Whole Foods ...

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Tiffany makes inroads with millennials as Hepburn era fades

Bloomberg Tiffany & Co. is making headway with millennials who seek fashion jewellery while forgoing some of the treasures of the Audrey Hepburn generation: wedding and engagement rings. Growth in fashion and designer jewellery helped boost revenue to $959.7 million during the second quarter, even as sales of wedding rings underperformed, the company. While revenue topped analysts’ estimates, same-store sales ...

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Emirates Glass secures AED100mn GCC projects

Dubai / WAM Emirates Glass, a subsidiary of Dubai Investments PJSC, has announced significant growth in profitability in the first half of 2017, with mega projects worth AED100 million awarded to the company across the UAE, Kuwait and Saudi Arabia. Emirates Glass announced that it is executing more than AED50 million worth of contracts in GCC countries and has also ...

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