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Hermès’s revenue growth in high-margin leather goods shows why the group leads the luxury sector on valuation
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Quarterly sales at the two groups and market leader LVMH show the winning brands are those targeting the very wealthy
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...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...But watching household habits certainly pays; even Lynch rued — many years later — missing a trick....
...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....
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...Evolution of House Prices and Consumption in the Postpandemic Tightening Cycle (per cent change) Their bottom line — that countries 1) with households that are more indebted; 2) and more able to borrow...
The retailers quickest at bringing popular designs to market are grabbing more market share
...Executives also flagged a more challenging picture in some international markets....
...The joy of this trend lies in the way that it has split households right down those old-school gender difference lines....
...Over the course of more than two decades, buyout firms have repeatedly burnt themselves financially and reputationally on household brands such as Phones 4U and Debenhams....
...The $11bn international transit hub, which opened in 2019, features a cavernous terminal, around the size of 200 football pitches....
...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....
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Pivot into entertainment has also suffered setbacks
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...The approach has been catching on in the international development sector....
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