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Zara SA
Zara returns to Ukraine following 2-year closure
...It plans to open 20 stores in Kyiv and some cities in the west of Ukraine. Inditex plans to reopen 50 of its 80-plus stores in the country, the company told the Financial Times....
March 1, 2024
InterviewFashion
Louise Trotter turns the page at French fashion house Carven
...She says pricing will be “mindful” as well, with prices for knitwear and shoes starting at €500 and €600, topping out at €2,500 for coats....
March 1, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
UK retail sales
British retail sales stagnate as shoppers cut back on groceries
...still to a two-and-a-half-year low of 3.2 per cent....
April 19, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...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....
March 19, 2024
Associated British Foods PLC
Primark owner’s profits soar as investments provide boost
...Chief executive George Weston said the performance was driven by investments in the company over the past few years such as opening new stores or automating some warehouses, and profit margins “recovering...
April 23, 2024
News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored
UK inflation falls less than expected to 3.2% in March
...Consumer prices rose at an annual rate of 3.2 per cent, down from 3.4 per cent in February, the Office for National Statistics said....
April 17, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
UK inflation
UK grocery inflation falls to 30-month low
...Grocery price inflation fell to 3.2 per cent in the four weeks to mid-April, down from 4.5 per cent last month and the lowest rate since November 2021, research company Kantar said on Tuesday....
April 23, 2024
Retail sector
Germany’s largest sports retailer doubles down on physical stores
...stores and online sales in an omnichannel strategy....
April 3, 2024
News updates from February 20: Walmart flags sales slowdown; China cuts mortgage lending rate
Body Shop administrators expect almost half of stores to disappear
...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....
February 20, 2024
Letter
Letter: Blame real estate owners for the woes of department stores
...Far from revealing the limitations of the department store business model, as claimed by Sam Jones (“Travails of luxury department stores reveal a story of decline”, Inside Business, February 2), the cases...
February 19, 2024
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
Macy’s to close a fifth of its stores by the end of 2026
...It reported a decline in same-store sales of 4.8 per cent in the fourth quarter, after a decline of 2.7 per cent a year ago....
February 27, 2024
News updates from April 19: Israel launches retaliatory strikes against Iran; S&P 500 falls for third straight week
British retail sales flat in March, undershooting forecasts
...British retail sales unexpectedly stagnated in March as a contraction in food and online sales offset growth in clothing stores and petrol stations....
April 19, 2024
Budget 2024: As it happened
Comment: Jeremy Hunt’s repeat of 2p ploy promises political gains and losses
...to do it had become irresistible....
March 6, 2024
UK inflation
UK inflation falls less than expected to 3.2% in March
...The IMF on Tuesday said it expected UK inflation to drop from 7.3 per cent last year to 2.5 per cent in 2024 and 2 per cent next year....
April 17, 2024
Greggs PLC
Greggs forecasts sales to double by 2026
...Greggs said like-for-like sales grew 8.2 per cent in the first nine weeks of 2024 compared with the same period last year, helped by expanded evening trading and digital sales....
March 5, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
Hennes & Mauritz
New H&M chief vows to end years of stagnating sales growth
...Ervér said on Wednesday that he wanted to boost sales by investing in products and marketing, rather than by opening lots of stores. H&M will close more stores than it opens this year, he added....
March 27, 2024
KDDI Corp
KDDI bets on Japan’s greying shoppers with bid for Lawson convenience stores
...Japan’s second-biggest mobile carrier KDDI has launched a $3.3bn tender offer for joint control of the Lawson convenience store chain, betting that an ageing population and deepening labour shortages will...
February 6, 2024
LexJapanese business & finance
Robot stores will keep Japan’s labour costs down Premium content
...Wages in Japan rose 3.8 per cent last year, the largest increase in three decades....
February 14, 2024
Kingfisher PLC
B&Q owner Kingfisher forecasts profits will fall this year
...The group said like-for-like sales in the first quarter were down 2.3 per cent from the same period a year earlier, but had improved compared with the fourth quarter of last year....
March 25, 2024
News updates from February 28: US Supreme Court will hear Trump presidential immunity appeal; Bitcoin breaks through $60,000
US fourth-quarter GDP growth revised down to 3.2%
...Private inventory investment and federal government spending were weaker than previously reported. Consumer spending growth ticked up to 3 per cent from 2.8 per cent in the advance estimate....
February 28, 2024
Tesco PLC
Tesco forecasts rising profits as inflation ‘lessens substantially’
...Tesco, the UK’s largest supermarket chain, has forecast rising profits this year and announced a £1bn share buyback, as it lures more shoppers to its stores and consumer sentiment improves....
April 10, 2024
LVMH
LVMH’s growth weighed down by softening China luxury demand
...Revenues in the US and Europe grew 2 per cent, while sales in Japan increased 32 per cent, buoyed by the weak yen and an increase in Chinese tourist shopping....
April 17, 2024
John Gapper
Convenience stores should make more of themselves
...So it was with a mixture of reassurance and concern that I read last week of the $3.3bn tender offer by the telecoms group KDDI for joint control of Lawson’s 14,600 stores in Japan....
February 16, 2024
FT MagazineRobert Shrimsley
Get your thesaurus at the ready: the Guy Ritchie gangster is back
...Now stick that cash in the bag before I remind you of Sun Tzu’s theories on irresistible force.” Sometimes they correct one another’s grammar: “It’s not an hatchet, it’s a hatchet....
March 22, 2024
Body Shop International PLC
About half of The Body Shop’s 198 stores expected to close
...The retailer, which gained a cult following in the 1980s with products such as its white musk range and body butters, employs more than 2,200 staff....
February 20, 2024

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