NTT Docomo Inc., Japan’s largest wireless operator, said a price war with other carriers and discounts on the latest iPhones may threaten its full-year forecast after adding the Apple Inc. devices to lure customers.
Tesco Plc, the U.K.’s largest retailer, will offer permanently cheaper prices on some items to replace overly complex promotions as it seeks to stem hemorrhaging sales and reverse a declining share of the market.
Real estate held by some of the U.K.’s biggest supermarket chains is attracting private-equity firms and hedge funds after a 35 percent gain over five years made the stores worth more than the companies that run them.
The founding family of U.K. grocer Wm Morrison Supermarkets Plc has contacted private-equity funds such as CVC Capital Partners Ltd. and Carlyle Group LP to weigh their interest in taking the retailer private, people with knowledge of the matter said.
J Sainsbury Plc joined Wal-Mart Inc’s Asda as Britain’s second-largest grocer over the holiday period after being the only one of the U.K.’s four main supermarkets to resist the advance of discounters Aldi and Lidl.
Marks & Spencer Group Plc’s decline in general merchandise sales accelerated in the three months to the end of October, as the retailer pulled forward its mid- season sale, Nomura said, citing Kantar Worldpanel data.