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OpenAI
OpenAI’s app store draws investors and students seeking artificial aids
...“So, we have a developer conference, an API and an app Store. But it’s not clear to me whether this really has traction.”...
March 28, 2024
News updates from April 30: Former Binance chief sentenced to prison; BlackRock to launch Saudi investment firm
China operator of KFC and Pizza Hut adds more stores than expected
...“It took us 25 years to build the first 5,000 stores in China, eight years to build the next 5,000 and just four years for the last 5,000,” Yum China said....
April 30, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
LexAmazon.com
Amazon cannot decide what it wants to do with its shops Premium content
...The problem is that the attributes that make Amazon stand out in ecommerce, including low prices and a vast product range, do not apply to the company’s physical stores....
April 8, 2024
Retail sector32 min
John Lewis: can kinder capitalism compete in ruthless retail? | FT Film
...It was he who presided over this rapid expansion. It goes from having about 160 stores in the year 2000 to having 400 stores just before Covid....
May 2, 2024
HTSI
Maison Diptyque lands in London
...“It’s a store, but [it feels] warm and cosy,” says Mauny....
May 8, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...This isn’t just a deal gone bad. The problems across the dollar store sector are a reminder that lower income Americans are suffering disproportionately post-pandemic. pan.yuk@ft.com...
March 19, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
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
...Macy’s is to close 20 per cent of its locations by the end of 2026, as the US department store chain implements a turnaround plan just a month after rejecting a $5.8bn takeover bid....
February 27, 2024
News in-depthGermany
Germany’s robotic stores must rest on Sundays, too
...When it launched its fully automated stores four years ago, Germany’s regional supermarket chain Tegut billed the experiment as a window into the future of shopping....
April 5, 2024
Edwin Heathcote
Hollowed-out department stores offer an opportunity for the high street
...“They just go to department stores.” If the UK government gets its way, they may not have to wait. They could go and reside in department stores while still alive....
February 17, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
April 5, 2024
LexEuropean companies
Shein’s fast fashion rivals may find stores are their best defence Premium content
...Shoppers visiting stores want to be inspired, says Swetha Ramachandran, head of consumer brands strategy at Artemis Fund Managers. E-commerce and physical stores also do not operate in isolation....
March 10, 2024
Superdry PLC
Superdry proposes delisting and sweeping restructuring to stay afloat
...The chain is seeking rent reductions on 39 of its about 100 UK stores to be able to stay afloat and secure emergency cash, as it tries to return to a “more stable footing”....
April 16, 2024
The Art of FashionThe Art of Fashion: the Individuality issue
Shopping’s magic moments
...“You’ve just got to keep creativity feeling fun and fresh. The moment it becomes formulaic, it’s boring,” says Hindmarch, who works on projects nine months to a year ahead....
March 28, 2024
LexJapan
Japan’s drug stores could benefit from activist investor treatment Premium content
...The unit has further growth potential as it expands overseas....
March 7, 2024
Apple Inc
Apple removes WhatsApp and Threads from China store under pressure from Beijing
...It is unclear exactly when WhatsApp was removed from the Apple Store in China, but it was unavailable as of Friday....
April 19, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Style
Dover Street Market Paris: a home for fashion’s independent minds
...Sozzani remarks that it might have to do with the current climate in which similar girly, ugly-chic brands like Miu Miu have had a revenue boost....
May 10, 2024
Chess
Chess: Adams and Nunn score golden England double in world senior championships
...Just a single line of play, but you’ll do well to find it in a quarter of an hour. Click here for solution...
November 6, 2023
3i Group PLC
Britain’s biggest retailer isn’t British and isn’t a retailer
...The publicly-listed private equity group uses an 18.5x multiple on its run-rate ebitda, adjusted for recent store openings....
May 10, 2024
Middle Eastern finance
Gulf Waitrose brand operator Spinneys jumps on first day of Dubai trading
...However, last year there were just two IPOs raising $525mn....
May 9, 2024
LexElaine Moore
The Lex Newsletter: Amazon is a $2tn stock Premium content
...While some third parties use the tech, Amazon is now removing it from some of its larger stores in the US — though it will remain in smaller stores....
April 12, 2024
The best books of the week
Help Wanted — Adelle Waldman’s satire on America’s invisible workforce
...In a nation that claims to reward hard graft, just getting by is as much as these people can do....
May 6, 2024
Inside BusinessSam Jones
The decline of the luxury department store
...And on the rich, rich street — with apologies to the books of Janet and Allan Ahlberg — there were two rich, rich department stores. Or at least, there were. Soon, there will be just one....
February 2, 2024
Inside Politics
Starmer’s gamble on ultra-cautiousness could store up trouble
...What do we want? Non-threatening change! When do we want it? At a pace that doesn’t scare Middle England!...
February 8, 2024
Transcript
Transcript: When M&A goes wrong
...It’s a grocery store chain like Kroger or Sainsbury’s....
April 24, 2024
LexStarbucks Corp
Starbucks needs faster service, not more complicated drinks Premium content
...Same-store sales fell despite higher menu prices. The company took the axe to its full-year guidance for the second time this year....
May 7, 2024

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