Bloomberg Shoprite Holdings Ltd. won’t let the purchase of a 22.7 percent stake in the food retailer by Steinhoff International Holdings NV affect its independence and is on the hunt for acquisitions of its own, according to Chief Executive Officer Pieter Engelbrecht. Africa’s largest supermarket chain will continue to dictate its own strategy, the CEO said after an earnings presentation ...

Bloomberg US retail stocks have been wildly volatile for years. Now that turbulence is spreading to their close cousins, apparel stocks. Name a major company in the sector and chances are it’s posted an eye-catching tumble—or in some instances, gain—at some point this year. Coach plunged 15 percent one day last week. Michael Kors soared 22 percent in early August, ...

Bloomberg Macy’s Inc. rose after naming former eBay Inc. Senior Vice President Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department-store giant. Lawton, who starts on September 8, will be responsible for the Macy’s brand, including merchandising, marketing, stores and operations, the company. He inherits the post from Jeff Gennette, who took ...