Hints and tips:
...Average discounts offered online on Monday ranged from up to 30 per cent off listed prices for electronics to 19 per cent for furniture, according to Adobe....
...The discount clothing chains TJX and Ross Stores reported strong same-store sales and good margin performance in the third quarter. Their consumer is just fine....
...Typo watch A hawk-eyed reader caught a typo in our Friday interview with JPMorgan Asset Management’s Bob Michele....
...One pivotal deal came in late 2020 when furniture retailer Nitori launched a $2bn unsolicited bid for rival Shimachu....
...A video made with Disney showed Mickey Mouse jumping out of a photo frame and into the wearer’s living room, leaping on to the furniture....
...“There’s just a tendency to discount the idea that Xi Jinping would make a move on Taiwan, because they think it would be so economically disastrous for him,” said Gallagher....
...But might a discount be coming? Other large, mature retailers are in similar situations....
...At the same time, Hollywood’s longtime de facto leader, Disney’s Bob Iger, was heading towards his shortlived retirement, leaving a spot open for someone to step into his shoes....
...Actors and writers are usually paid royalties over the life of a show, but streamers negotiated a considerable discount on those payments....
...A version of this article was first published by Nikkei Asia on October 31 2022. ©2022 Nikkei Inc. All rights reserved....
...The market price of the Grayscale Bitcoin Trust (GBTC) is nearing a 50 per cent discount to its net asset value and investors are getting anxious....
...Nitori: Cut-price furniture for a deflationary generation Founded: 1967 Business: Furniture retailer Headquarters: Hokkaido Employees: Around 19,000 Market value: ¥1.5tn ($10bn) –¥2bn Fall in profits...
...“After a period of superabundant liquidity, when rates go up this much a bubble that has formed somewhere bursts,” said Bob Michele, head of JPMorgan Asset Management’s global fixed income, currency and...
...He said the company had made “good progress” clearing inventory in “hardline” or consumer durable categories such as appliances and furniture but was having to increase markdowns on clothing in its US stores...
...Target warned in May that it would have to discount products and cancel orders to clear excess stock in categories from televisions to outdoor furniture....
...The “unmasking” of American shoppers as they shed pandemic precautions “could lead to a Roaring Twenties type of consumer exuberance”, RH chief executive Gary Friedman predicted on his upmarket furniture...
...Without them you have no groceries, gas, baby formula, prescriptions, furniture, or even your Amazon package,” said Plaskoff....
...Adobe’s Digital Economy index shows that since 2014, US prices for groceries have fallen by 5 per cent, furniture by 11 per cent and electronics by 45 per cent....
...Its successful Warsaw float of discount retailer Pepco has propelled the Frankfurt-listed shares to their highest level since 2018....
...Even with a 45 per cent premium, the takeout price for Knoll is at a discount to where the company traded before last March....
...Hipgnosis, the deal-hungry music rights fund, said it had bought producer rights for albums by Metallica and Michael Bublé from their collaborator Bob Rock....
...The usual price discount enjoyed by value stocks was also unusually small at the end of the financial crisis, setting them up for a poorer performance, according to Mr Inker....
...SoftBank founder Masayoshi Son was once regarded as an outsider by Japan Inc....
...The company is “likely” to bundle the three together at a discount, Mr Mayer said....
...Macy’s is trying to deal with pressures on bricks and mortar retail by cutting costs and running initiatives in stores, including internal discount departments known as Macy’s Backstage....
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