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...The strategy is seen as attempt to replicate the success of Apple’s app store for the iPhone....
...Germany’s most famous department store, KaDeWe, has filed for insolvency....
...Multibrand retail will take a hit The end of 2023 has been an especially difficult period for department stores, independent boutiques and other multibrand retailers, with many of them struggling under...
...It also took a fresh $2bn impairment charge on Family Dollar that wiped out its earnings for the year....
...The advent of assisted-living accommodation for the generally better-off has changed the retirement prospects for many fortunate to be able to afford it....
...Apple warned that it would not be able to offer customers support for issues ranging from refunds to fraud or privacy abuses for apps distributed outside its store....
...For some time now, the only remaining Jelmoli store has tagged itself a “house of brands” — more shopping mall than department store....
...It said it would close 600 Family Dollar stores by the end of June and another 370 as leases expired. It would also close 30 Dollar Tree stores, and took a charge of $594mn for store closures....
...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....
...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
...stores and online sales in an omnichannel strategy....
...The retailer, known for its white musk range and body butters in the 1980s, has 198 sites in the UK and it employs more than 2,200 staff....
...Peter — over to you for your own predictions for the new year....
...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....
...For 2024, Hunt said: “I expect like-for-like sales to benefit from the gentle burn coming from the extension of store opening hours — which should also provide decent margin tailwinds as well given that...
...The union was also concerned about potential “knock-on effects” for workers in traditional stores....
...British retail sales unexpectedly stagnated in March as a contraction in food and department store purchases offset growth at clothing stores and petrol stations....
...The goal for the new store is to account for 8 to 9 per cent of total revenues....
...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...
...Fewer, larger stores mean efficiencies — for instance requiring fewer deliveries. Crucially, they display a fuller range, tempting shoppers to spend more per visit....
...Walmart will raise the average salary for a store manager from $117,000 to $128,000 a year....
...US department stores offer all kinds of perks to get customers to sign up for their branded credit cards at the register....
...Express said it had received a new financing commitment for $35mn from an existing lender, which is subject to court approval....
...On Monday, the EU fined Apple €1.8bn for policies on its App Store which it said raised prices for consumers....
...If it continues like this, there will be demand and justification for us to have our own stores of our own brand....
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