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Showing results for MACYS LOGISTICS AND OPERATIONS, fomerly known as Federated Logitstics and Operations
Related Special Reports
...The logistics investment will create new distribution centres for Zara, the Bershka brand and footwear in Spain, as well as expanding an existing Zara hub in the Netherlands....
...Chinese ecommerce group Alibaba has suspended a planned IPO for its logistics arm Cainiao and said it would instead spend up to $3.8bn to buy out the unit’s minority shareholders....
...Wincanton specialises in contract logistics, handling distribution and other logistics operations for business customers....
...From that, PDD generated a total of $14.7bn of revenues from marketing and transaction services, a 3.6 per cent margin known as the “take rate”....
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
...The group recorded a £319mn operating loss for the six months to September 24, its most recent full results, as rivals such as DPD, Evri, DHL and UPS snap at its heels for a slice of large online retailers...
...Macy’s central problem remains the same as 10 years ago: the products it sells and the environments in which it sells them fail to appeal, in particular, to younger consumers....
...However, they are still more than twice what they were as recently as January 18, the day before the announcement of the initial CMA CGM bid....
...Macy’s rejected the activists’ $5.8bn offer in January and instead implemented a turnaround strategy under which 20 per cent of its stores will be closed by the end of 2026....
...Net income dropped 77 per cent as Alibaba wrote down the value of some businesses and the market value of its investment portfolio sank....
...The board unanimously recommended shareholders accept the offer from the supply chain logistics group, which represented a 52 per cent premium to the last closing price....
...Macy’s, which owns the eponymous retailer and the luxury department store Bloomingdale’s, said it expects full-year adjusted earnings per share of between $2.88 and $3.13, up from previous guidance of $2.70...
...It plans to invest in 350 sites, expand smaller-format stores, and grow its digital presence. The company has struggled as demand for its dresses and accessories has waned....
...UK-based logistics group Wincanton is at the centre of a bidding war, with an agreed buyer increasing its offer and a third party also considering a bid....
...Enrico Vergani Partner and Lead on Shipping, Transport & Logistics, BonelliErede (lawyers) London EC4, UK...
...Car-carrier companies operate a total of 776 ships for cars, trucks and other roll-on, roll-off cargo such as agricultural machinery....
...We live in a transactional world, as Macy’s knows....
...ventures such as its ESR logistics real estate platform in Asia....
...Booming western demand for fast fashion and ecommerce goods sold by Chinese online brands such as Temu and Shein is buoying air freight rates and creating fierce competition among logistics companies shipping...
...As bitcoin and other digital assets gain wider acceptance in the financial system, banks have been expanding their operations in this area....
...Macy’s has travelled a rough road for nine years or so, to put it gently, as department stores got shouldered out of shoppers’ budgets by Amazon and fast-fashion giants....
...Amazon’s logistics-as-a-service offering — which allows other retailers to use the company’s huge transport, storage and delivery network — was also “growing very significantly”, said Jassy....
...Major General Pat Ryder, the Pentagon press secretary, said the target, Mushtaq Taleb al-Saidi, also known as Abu Taqwa, was “actively involved in planning and carrying out attacks against” the US military...
...The anti-piracy operations of recent decades are different from a broader and sustained security threat....
...It is now down to just 11 ageing frigates — two of which are reportedly set to be decommissioned — six destroyers and half a dozen attack submarines, also known as hunter-killers....
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