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Wal-Mart CEO McMillon urges workers to reimagine future

  FAYETTEVILLE, Ark / AP Wal-Mart’s CEO urged employees to reimagine its future in a fast-shifting retail landscape. The company is at a crossroads, as its long-held dominance in pricing and convenience has been chipped away at by Amazon and dollar stores. But it’s fighting back on multiple fronts, growing more aggressive with prices and going after Amazon, both online ...

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Gucci’s new designs win over shoppers

LONDON / Reuters Gucci is on course to top 4 billion euros ($4.5 billion) in revenue for the first time this year as the Italian luxury brand’s revival gathers speed under its new leadership duo. Sales of items designed by new creative director Alessandro Michele have accelerated since March as more have reached shelves, Chief Executive Officer Marco Bizzarri told ...

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Bulgaria seeks $382mn from Sofia Airport concession

  Sofia / Bloomberg The Bulgarian government started a tender for a 35-year concession to operate Sofia Airport, the country’s biggest, demanding at least 660 million lev ($382 million) in initial payment. The concessionaire will be required to invest at least 307 million lev in the airport, which includes building a new terminal with an annual capacity of 3 million ...

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