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...North American clothing retailers Lululemon and Abercrombie & Fitch have upgraded their fourth-quarter guidance thanks to strong holiday spending....
...Abercrombie & Fitch’s ability to persuade middle-aged shoppers to retread the choices of their youth helped its shares quadruple last year, to an all-time high....
...Fitch forecast that China’s gross domestic product growth would slow to 4.5 per cent in 2024, citing persistent property sector weakness and subdued household consumption....
...By contrast Dollar Tree, whose stores are mostly in suburban locations and focus on middle-income households, has fared far better. Its same-store sales rose 6.3 per cent during the quarter....
...In contrast, more specialised retailers including Abercrombie & Fitch, Dick’s Sporting Goods and Burlington Stores raised their annual outlooks, betting on high holiday season demand after reporting strong...
...Another Meta communications platform, Messenger, was still available on the App Store in China, as were the main Facebook and Instagram apps....
...Shares of US retailer Abercrombie & Fitch surged 16.3 per cent in early trading on Wednesday, after it reported a surprise quarterly profit and upgraded its full-year sales outlook....
...American Eagle Outfitters and Abercrombie & Fitch jumped 5.8 per cent and 6.16 per cent, respectively, after both companies raised their fourth-quarter revenue outlook thanks to strong holiday sales....
...How Abercrombie got its style back Abercrombie & Fitch is also bucking the trend of general retail malaise in the US....
...First, it’s so ornate and old fashioned that it definitely classifies as “pantry porn”, the name given to the current widespread obsession with creating aesthetically beautiful food stores....
...Other earnings: Several retailers including Lowe’s, Best Buy, Dick’s Sporting Goods, Burlington Stores, Abercrombie & Fitch and Kohl’s will report earnings before Wall Street’s opening bell....
...Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store....
...Critics and rivals, including Epic, have argued the tech giant’s plans to also introduce new fees for developers seeking to launch or use rival app stores will stymie competition and should provoke EU regulators...
...If you do not go to a store, you will soon pay more for it to be brought to you. One way to cut costs is automation: using robots and avatars in stores, and drones for order fulfilment....
...For those who choose to also build apps in alternative stores, Apple said it would cut the highest amount paid by companies using its App Store to sell digital goods and services from 30 per cent to 17 per...
...Abercrombie & Fitch has been closing costly and oversized flagships and replacing them with smaller, more efficient and less expensive ones....
...(Kotaku) — Post-neoliberalism, the baby, and the bathwater (The Home-Groan Globalist) — The long goodbye: How Libor ended and why the arguing hasn’t (Euromoney) — Abercrombie & Fitch ex-CEO accused of...
...President Joe Biden said he would sign a bill working its way through Congress that would ban US app stores from carrying TikTok unless its Chinese owner divests the popular video-sharing social media platform...
...and iPads....
...Fitch forecasts a GG deficit of 6.6% of GDP in 2024 and a further widening to 6.9% of GDP in 2025....
...These awful Apple-mandated confusion screens are over and done forever.” Apple’s App Store has drawn scrutiny from courts and antitrust enforcers around the world....
...But there is a big difference between app stores and physical supermarkets: the latter must build and run stores and distribution hubs, employ checkout staff and shelf stackers, advertise widely and so on...
...Republican and Democratic lawmakers have introduced legislation that would ban app stores from distributing TikTok unless ByteDance, its Chinese owner, divests control of the popular video-sharing platform...
...Fitch’s projections are similar to our own — they imply a federal deficit of around 6% of GDP over the next few years — and Fitch cites CBO projections in its medium-term outlook, so the downgrade does not...
...The dollar store model has seen great growth over time and generates a lot of free cash flow....
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