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Ahold Delhaize CFO to step down; Amazon Go tests return options at select stores

TOP NEWS

* Koninklijke Ahold Delhaize NV CFO Jeffrey Carr has decided not to stand for reelection when his term expires in April 2020. The Dutch grocer did not disclose the reason behind Carr's decision but said the company has already commenced the search for his successor.

* Amazon.com Inc. is testing pickup and return options at select Amazon Go locations in San Francisco and New York City, a company spokesperson confirmed to Business Insider. An Amazon Go employee reportedly said only two of the three New York locations can process returns. Users can select the product they want to return on the Amazon app and choose an Amazon Go store for drop-off, the report said.

TEXTILES, APPAREL AND LUXURY GOODS

* H & M Hennes & Mauritz AB wants to deduct product returns from a store's revenue, in addition to pushing for turnover-based rent on landlords, The Times reported, citing industry sources. The proposal reportedly could put more pressure on retail property values as landlords bear the cost of product returns. H&M declined to discuss details of individual contracts but said it is working with landlords to draw up lease agreements that allow it "to run a successful store portfolio," the report said.

MULTILINE RETAIL

* Kohl's Corp. said Sona Chawla will step down from her role as the department store chain's president in mid-October in order to pursue new opportunities. Paul Gaffney was also named chief technology officer and senior executive vice president, effective in mid-September.

* Marks & Spencer Group PLC appointed Danielle Papagapiou, former customer director of One Stop convenience stores and Clubcard director at Tesco PLC, to the newly created role of head of customer loyalty.

E-COMMERCE

* Alibaba Group Holding Ltd. co-founder Jack Ma on Sept. 10 will step down from his role as executive chairman of the Chinese e-commerce giant and be succeeded by CEO Daniel Zhang.

* Amazon.com's U.K. arm launched an on-demand delivery option under the AmazonFresh banner, offering more flexibility for customers' grocery shopping. Prime members who have a minimum order of £40 will be charged £2.99 per delivery. They can also opt to pay a monthly fee of £3.99.

* Rakuten Inc.'s payment unit partnered with Seven & i Holdings Co. Ltd.'s Seven-Eleven Japan Co. Ltd. to launch the Rakuten Pay smartphone app service at 7-Eleven convenience stores across the country. Rakuten Payment Inc. said members can use their Rakuten account to pay for purchases by having 7-Eleven staff scan the barcode on their Rakuten app.

HOUSEHOLD AND PERSONAL PRODUCTS

* Beiersdorf AG business unit Oscar & Paul will launch a brand called Skin Stories for people with tattoos. Skin Stories offers four products for tattoo care, including a sun-protection stick, body lotion, repair balm and serum. The brand will be rolled out in stores and select tattoo studios by the end of September.

* Skin care brand Glossier Inc. appointed Melissa Eamer, former vice president of sales and marketing at Amazon.com's devices business, as its COO, CNBC reported, citing a company statement.

FOOD AND STAPLES RETAILING

* Walgreens Boots Alliance Inc. named Francesco Tinto as its global chief information officer and senior vice president. Tinto was recently the chief information officer and head of global business services at The Kraft Heinz Co.

* CVS Health Corp. named Adam Pellegrini, former senior vice president of Fitbit Inc. health solutions, as its senior vice president of transformation consumer health products, CNBC reported, citing an internal memo. A company spokesman reportedly confirmed Pellegrini's appointment but declined to comment on the projects he will work on. Pellegrini will be replaced by Amy McDonough, COO of health solutions, at Fitbit.

* Candy store operator Sugarfina Inc. has filed for Chapter 11 bankruptcy protection as it winds down an "open and competitive process" for the sale of the company, The Wall Street Journal reported, citing court documents. Sugarfina expects to close six of its locations immediately. The documents reportedly said the Great Hill Partners-backed company has received a $13 million lead offer from Candy Cube Holdings LLC.

* Associated British Foods PLC reported that it expects its adjusted EPS for fiscal 2019 "to be in line with last year," driven by the strong profit performances of its Primark and grocery business units. The company anticipates sales of its fashion chain Primark to be up by 4% year over year and at constant currency, with a 2% decline in like-for-like sales.

HOUSEHOLD DURABLES AND SPECIALTY RETAIL

* Ace Hardware Corp. completed its acquisition of Colorado-based home repair company Handyman Matters, which oversees 57 franchisees across 23 states. Handyman Matters founder and CEO Andy Bell will continue to head the franchiser in Denver.

HOTELS, RESORTS AND CRUISE LINES

* Hilton Worldwide Holdings Inc. said a 316-room DoubleTree by Hilton hotel opened in Suzhou, marking the full-service brand's entry into the Chinese city.

INDUSTRY NEWS

* Retail footfall in the U.K. fell 1.3% year over year in August, compared with a 1.6% drop in the year-ago period, according to the British Retail Consortium. "The long-term trend, which has seen footfall decline by an average of 1.7% over the last twelve months, reflects the fact that increasingly cautious consumers are holding back on discretionary spending," CEO Helen Dickinson said.

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The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng slipped 0.04% to 26,681.40, while the Nikkei 225 inched up 0.56% to 21,318.42.

In Europe, around midday, the FTSE 100 shed 0.57% to 7,240.79, and the Euronext 100 lost 0.06% to 1,081.84.

On the macro front

The TD Ameritrade investor movement index and the consumer credit consensus are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

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