March 20, 2017 / 10:19 PM / 9 months ago

Business Watch: Adidas tries DYI approach

Adidas’ new sales strategy

A staff member uses a projector to display the knitting pattern at the Adidas Knit for You store in Berlin, Germany March 7, 2017. Picture taken March 7, 2017. REUTERS/Fabrizio Bensch

The sports apparel giant has been testing a store where shoppers can design a sweater, have a body scan to determine fit and get it knitted by a state-of-the-art machine within hours, in a bid to respond more quickly to customer demands.

Westinghouse Electric Co LLC, the nuclear power plant developer owned by Japanese electronics company Toshiba Corp, is taking offers for a financing package to help it go through bankruptcy in the U.S., sources told Reuters

Snap snaps back

Shares of tech’s hottest IPO rose on Monday after the Snapchat owner received its first “buy” rating from a Wall Street analyst.

Breakingviews TV: Duopoly money

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