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UK retail sales beat economists’ forecasts

Bloomberg UK consumers unexpectedly kept up spending last month as retail sales beat economists’ forecasts. The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics (ONS) said. Expectations were for a 0.3 percent drop. The good news may not last. A separate survey for the month of May ...

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Nike to limit pay cuts for pregnant athletes

Bloomberg Nike Inc, responding to criticism that the brand treated its female athletes unfairly during pregnancy, vowed to better promote its policies and change a rule that resulted in women losing pay when they had children. The company is eliminating a performance requirement for “12 months for those athletes who decide to have a baby,” Nike Vice President Amy Montagne ...

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Rihanna’s fashion label with LVMH, Fenty, opens in Paris

Bloomberg Rihanna revealed her first Fenty collection in Paris. She arrived wearing a blazer as a dress—the white canvas number had exaggerated shoulders and was cinched in at the middle with a built-in corset—paired with strappy going-out heels in gold leather, all from her new label. The mood was boss lady on top, party girl below. This mix of high ...

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