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...KaDeWe, Germany’s most famous department store, filed for insolvency....
...It’s a drop in the ocean. But it does help to avoid imminent credit risk....
...They will be released across three “edits” — A1, A2 and A3 — in the coming months (A2 will drop in spring)....
...He will be replaced by the news site’s president Barbara Peng. Credit Suisse’s former co-head of global banking David Wah has joined PJT Partners as a partner in San Francisco....
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...Backed-up ports, a shortage of truck drivers and scarce warehouse space that left some stores short of inventory defined last year’s peak Christmas retail season....
...However, polls also suggest that support drops when the public is asked whether carbon-cutting policies should be pursued if they result in extra costs for ordinary families....
...A drop in new orders for business, however, added to fears of economic contraction in the third quarter, sending the euro to a six-month low against the dollar....
...Of course, Maersk must hope that the real problem is not a long-term drop in Chinese exports and the subsequent hit on shipping firms....
...Although an 11.3 per cent drop from the 15-year peak hit in 2021, it was the second-highest level since 2009....
...But there have been signs in recent months of prices for container shipping and some commodities coming down....
...Heatherwick’s ambition led Sir Terence Conran to describe him as the Leonardo da Vinci of our times....
...There have also been improvements in warehouse space that had left some stores short of goods during last year’s holiday season....
...On Monday Prezzo holds a company voluntary arrangement meeting, aiming to close stores and cut staff to recover the core business....
...Amazon is to double down on its move into physical grocery stores, despite recently announcing that its growth plans were on hold....
...Hearst couldn’t stomach the idea of shipping products to department stores with plastic hangers, so turned to recycled cardboard and compostable packaging....
...Mainland China is the company’s largest market with 863 stores, compared with 802 in its home market....
...Wholesale revenue, including sales to third-party stockists, dropped 14 per cent during the quarter, as restrictions on international shipping pushed it to prioritise sales through its own website and stores...
...Demand for liquefied natural gas and anything that can move or store the super-chilled fuel is running hot....
...The drop in spending last month came after shipping delays and rising prices prompted many shoppers to scoop up holiday gifts early in hopes of avoiding a supply crunch as Christmas drew closer....
...The results come as restaurants and retail stores in the US struggle to find and retain workers, prompting companies including Starbucks and McDonald’s to raise wages....
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