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Electrolux plunges on mounting loss in North American business

Electrolux copy

  Bloomberg Electrolux AB fell the most in six months in Stockholm trading after the Swedish appliance product maker reported a loss that was about four times bigger than estimated. The Stockholm-based company expects a fourth-quarter operating loss of about 2 billion kronor ($190 million), according to a statement. That compares with an average loss estimate of 575 million kronor ...

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Aritzia sales boom in US by luring Gen Z with super puff jacket

Nyc shopping as supply chain delays poised to disrupt peak season retail

Bloomberg Aritzia Inc is winning over American teens and 20-somethings with a playbook that looks out of step with today’s often bleak retail environment. The company offers high-touch service, including personal shoppers. Discounts are rare. And it’s making locations bigger instead of shrinking them. “The stores are beautiful, and the service is excellent,” said Mark Petrie, analyst at CIBC World ...

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Budget grocers Lidl, Aldi hike prices

  Bloomberg German discounters Lidl and Aldi raised prices more sharply than other supermarkets in the UK last month as food inflation spreads to every area of grocery. Shoppers at Lidl saw their bills rise by 21.1% last month versus a year earlier and Aldi was close behind with a 20.8% increase, according to a report from Which, a consumer ...

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