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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
Macy's Inc
Miracle on 34th St?
...Monday’s stock-market price action seemed hopeful about that idea, with department stores Kohl’s and Nordstrom posting gains of more than 7 per cent in the absence of other news....
December 12, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News updates from November 21: Binance chief resigns after US guilty plea, Open AI directors in talks with Sam Altman to rejoin board
Risers and fallers in the US
...Share moves to note on the New York Stock Exchange include Lowe’s, Burlington Stores and Kohl’s: Shares of US department store Kohl’s plunged 9.2 per cent on Tuesday after it missed sales estimates on weaker...
November 21, 2023
News updates from November 20: OpenAI staff threaten to quit unless directors resign, Argentine stocks rally over election of Milei
Risers and fallers in the US
...US department store Kohl’s dipped 1.5 per cent after announcing its chief operating officer has left the company after less than a year in the role....
November 20, 2023
LexMergers & Acquisitions
Handbag deal challenge contains warning for all serial acquirers Premium content
...The agency further argues that there is a specific labour market for handbag store workers that will soften....
April 23, 2024
News in-depthSephora SA
LVMH-owned Sephora seizes on ‘lipstick effect’ as it aims for €20bn sales goal
...It also struck a deal with midmarket US department store Kohl’s in 2021 to open Sephora boutiques in its 1,000 locations....
March 5, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...“My intuition, based on Trump’s continued expressions of suspicion about the big tech information sector, is that he would likely turn to his justice department and say: ‘Carry on,’” he said....
March 22, 2024
The FT ViewThe editorial board
The US brings a landmark case against Apple
...The US justice department’s landmark case against Apple is an important attempt, but it faces an uphill battle....
March 27, 2024
Apple Inc
US Supreme Court will not review Apple fight with Epic Games over App Store
...The US Department of Justice has also been probing the company over possible antitrust violations for years. Apple did not immediately respond to a request for comment....
January 16, 2024
Apple Inc
US accuses Apple of building smartphone market monopoly in antitrust case
...Apple changed its policy that prohibited game streaming apps on its App Store earlier this year....
March 21, 2024
TikTok Inc
US bill would ban TikTok from app stores unless ByteDance divests it
...Joe Biden’s re-election campaign has started using the video streaming service to try to connect with young voters, even though the White House previously backed a bill that would have given the commerce department...
March 6, 2024
Unhedged
Inflation is not going quietly Premium content
...The Fortnite game maker says Apple has violated a judge’s order to allow app developers to steer customers to transaction platforms outside of the app store....
April 11, 2024
LexMacy's Inc
Macy’s turnaround plan won’t recapture the old magic Premium content
...Meanwhile, the storied US department store operator — whose name was once synonymous with retail magic — continues to lose relevance among shoppers....
February 28, 2024
Live news updates from May 24: Microsoft warns it was hackers, Nvidia forecasts huge AI demand
Kohl’s shares surge 12.8% on surprise quarterly profit
...US department store Kohl’s posted a surprise profit in its first quarter as it reduced inventory and widened margins, causing the company’s stock to surge 12.87 per cent in pre-market trading on Wednesday...
May 24, 2023
Google LLC
Google loses antitrust lawsuit against Epic over its app store
...The Department of Justice’s antitrust division is also suing Google, arguing it struck illegal deals to make its search the default on devices and browsers....
December 12, 2023
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
ReviewTelevision
Carol & the End of the World, Netflix — surprisingly tender apocalyptic cartoon
...In the accountancy department of a forgotten company, Carol meets other lonely souls who’d rather scale a mountain of paperwork than Everest....
December 20, 2023
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
March 25, 2024
FT Swamp Notes
Does DoJ versus Apple signal a market top? Premium content
...I’m not sure the justice department needs to help out. Your feedback And now a word from our Swampians . . ....
March 25, 2024
LexApple Inc
For Apple, a €1.8bn EU fine is just the start Premium content
...In the US, Apple’s largest market, the company is under investigation by the justice department. An antitrust lawsuit could soon be filed....
March 5, 2024
Apple Inc
Apple’s $85bn-a-year services business faces legal reckoning
...His department has been probing Apple’s App Store policies for years and is now, according to Kanter, “firing on all cylinders”....
January 1, 2024
InterviewEpic Games Inc
Epic Games chief concerned Google will ‘get away’ with app store charges
...The decision dealt a major rebuke to Google even while it fights two separate antitrust cases brought by the US Department of Justice. Sweeney, a video games programmer, founded Epic in 1991....
December 16, 2023
Disrupted Times
Brussels blasts Big Tech
...The US Department of Justice last week announced it was suing the company for allegedly using its power in the smartphone sector to squash competition....
March 25, 2024
Japanese business & finance
Japanese department store workers to stage first strike since 1950s
...Department store chains across Japan have struggled in recent years amid a shift in consumer trends and an increase in online sales....
August 30, 2023
Google LLC
Google chief Sundar Pichai grilled on the stand in Epic’s app store lawsuit
...Google’s contracts have also been central to the second trial that the tech giant is currently embroiled in, in a case brought by the US Department of Justice alleging it abused its dominance in the search...
November 14, 2023
FT Magazine
The delivery rider who took on his faceless boss
...He tried to talk to the store manager about the danger of mislabelling food products but didn’t get far. So he submitted an official complaint to the county health department....
March 15, 2024

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