Bloomberg JD.com Inc’s logistics unit is considering an initial public offering (IPO) that could raise at least $5 billion, according to a person familiar with the matter. JD Logistics is targeting a valuation of about $40 billion, the person said, asking not to be identified as the information is not public. The company is leaning towards choosing Hong Kong as …

Bloomberg Amazon.com Inc warehouse workers in Alabama filed a petition with the US National Labor Relations Board to form a union, the latest sign of strife between the online retailer and its large blue-collar workforce. The federal agency posted a notice for a hearing to determine if the petition meets the criteria to advance to the next step. With enough …

Bloomberg Macy’s Inc plans to devote more of its shelf space to Black-owned brands, becoming one of the most prominent names to join the nascent 15 Percent Pledge movement for racial equity in the retail world. The department-store chain follows retailers such as West Elm and Sephora signing onto the 15 Percent Pledge, a grassroots effort to increase representation of …