Exclusive: Mattress Firm explores U.S. bankruptcy to close stores – sources
(Reuters) – Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways…
Walmart stumbles with its ‘last mile’ package delivery plan
EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical…
Amazon earnings skyrocket on cloud computing, advertising
(Reuters) – Amazon.com Inc (AMZN.O) posted a profit that was double Wall Street targets on Thursday and forecast a strong…
France needs ‘food safety police’ to avoid new Lactalis crisis: report
PARIS (Reuters) – France should appoint a “food safety police” and increase fines on those who sell contaminated products to…
UK’s House of Fraser to close 31 stores, 6,000 jobs at stake
LONDON (Reuters) – British department store group House of Fraser said on Thursday it has proposed closing 31 stores in…
Starbucks Executive Chairman Howard Schultz steps down
(Reuters) – Starbucks Corp Executive Chairman Howard Schultz is stepping down, effective June 26, the world’s biggest coffee chain said…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in…
Walmart sells majority of Brazil unit, takes $4.5 billion charge
NEW YORK/SAO PAULO (Reuters) – Walmart Inc (WMT.N) said on Monday that it has sold an 80 percent stake in…
Amazon cuts Whole Foods prices for Prime members in new grocery showdown
(Reuters) – Amazon.com Inc (AMZN.O) and Whole Foods Market are making a surgical strike in the already brutal grocery price…
Home Depot posts rare sales miss as delayed spring hits demand
(Reuters) – Home Depot Inc (HD.N) on Tuesday missed Wall Street forecasts for sales at established stores, as an unusually…
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take…
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) will pay $16 billion for a roughly 77 percent stake in Indian e-commerce…
Campbell Soup gives COO Mignini more control over core units
(Reuters) – Campbell Soup Co (CPB.N) said on Thursday it would reorganize its businesses, giving newly-appointed Chief Operating Officer Luca…
Trump taking ‘serious look’ at policy options on Amazon
Aboard Air Force One (Reuters) – U.S. President Donald Trump said on Thursday he would take a serious look at…