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...Shares in US-based discount retailer Dollar Tree fell 8.5 per cent in pre-market trading after it took $2bn in impairments on the value of its subsidiary Family Dollar and said it would close 1,000 stores...
...It reported a decline in same-store sales of 4.8 per cent in the fourth quarter, after a decline of 2.7 per cent a year ago....
...Earnings of 68 cents a share were down 14 per cent from a year ago, while revenues dropped 2 per cent to $8.6bn. Both figures were less than analysts expected....
...Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store....
...Beneficiaries from a valuation boost would include shareholders of Seven & i Holdings, Japan’s largest convenience store operator, which owns 7.8 per cent of Ain’s outstanding shares, according to the company...
...Yet it is allowing Inditex to improve sales per square metre from about €5,000/m2 in 2013 to about €8,000/m2, on RBC estimates....
...The goal for the new store is to account for 8 to 9 per cent of total revenues....
...J Sainsbury, the UK’s second-largest supermarket chain, said it expected to deliver profit growth this year despite a drop in earnings for the year just ended as it seeks to lure more shoppers to its stores...
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...Wages in Japan rose 3.8 per cent last year, the largest increase in three decades....
...Non-store retailing, which includes online, contracted 1.5 per cent in March, while sales in department stores were down 3.8 per cent....
...The mega brands with their €800 sneakers and €8,000 handbags will endure. But the “aspirational” luxury market is in trouble....
...Just over 70 years later, the bakery has taken a record 8.2 per cent of the UK’s food-to-go market, where it has even knocked McDonald’s off the top spot for breakfasts....
...The company has struggled with weak demand for its dresses and accessories and reported a same-store sales decline of 4.8 per cent in the fourth quarter....
...The division’s adjusted operating profit margin rose to 11.3 per cent from 8.3 per cent. “We are seeing basket sizes creep up, so it’s not as if there’s been no improvement in volume....
...The company said the expansion of its evening trading offerings had boosted sales, with 1,200 stores now open until 7pm or later....
...LWThe Cabana Store, via Borgospesso 8, Milan SEE Alexander Calder & Joan Miró in New York It was the vibrancy of the art scene in 1920s Paris that brought Joan Miró and Alexander Calder together....
...Like-for-like sales excluding fuel were up 7.5 per cent but growth decelerated from 9.8 per cent in the first quarter to 4.8 per cent in the last quarter....
...in San Francisco Wines: From $8 to $4,950 Website; Directions I discovered this shop through Pascaline Lepeltier, one of the world’s top sommeliers (and the first woman to be awarded the Meilleur Ouvrier...
...The sale of Via Monte Napoleone 8, a building that houses Kering’s Saint Laurent store, as well as Prada and the LVMH-owned Cafe Cova, marks the largest-ever single asset real estate sale by Blackstone in...
...The division increased profit by 45 per cent to £508mn and widened its operating margin from 8.3 per cent to 11.3 per cent year on year....
...Despite the reopening of China at the start of the year, demand for personal luxury products slowed to 8 per cent at constant currency rates according to Bain, narrowly outpacing global inflation and marking...
...Store numbers have grown more than 10-fold to more than 8,000 in the past four years. Sales increased more than a third to Rmb5.7bn ($786mn) last year....
...Opposite one of ChaPanda’s 8,000 domestic stores, rival tea specialist Heytea vies for customers. Next door, another establishment is under construction....
...Kering’s Paris listed shares fell 8.5 per cent in early trading on Wednesday morning, taking its declines so far this year to 17.5 per cent for a market value of €39bn....
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