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...But it has made first-party data, such as that collected by Walmart on the 255mn customers that visit its stores and websites each week, more valuable....
...For Dollar Tree, the blockbuster deal to buy Family Dollar in 2015 was meant to give the discount retailer the heft to compete against market leaders Dollar General and Walmart....
...The menswear runways are full of them, celebrities are wearing them on the red carpet, and stores are placing them at the heart of their spring/summer 2024 offerings....
...Apple chief financial officer Luca Maestri played down the decline in China sales, blaming it in part on a stronger dollar....
...Apart from being many times more profitable than Walmart, app stores have another advantage....
...Meanwhile, Macy’s, the US department store chain, reported strong results on Thursday. Its shares closed up 5.7 per cent in New York....
...The discount clothing chains TJX and Ross Stores reported strong same-store sales and good margin performance in the third quarter. Their consumer is just fine....
...RetailNext, another data company, reported a 2 per cent increase in foot traffic at stores on Black Friday....
...“In the past, retailers like Walmart have responded to investments from these discount chains,” said UBS analyst Michael Lasser in a note. “The key here is how Walmart will respond....
...“People are buying more on credit, they’re saving less and they’re going to stores like Walmart more.”...
...Walmart shares are up 24 per cent over the past 12 months, compared to a decline of 3.3 per cent and a 2.5 per cent increase at the two rival big box stores....
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...Revenue would have risen had it not been for a 2 percentage point decline caused by exchange rate moves, according to chief financial officer Luca Maestri....
...Chopard has a corner of London department store Harrods dedicated to its accessory line....
...Walmart management took among the most measured lines, observing that shrink is “uneven across the country . . . not in every market”....
...Later Oracle and Walmart reached an agreement to buy its US operations but the deal was shelved after the Biden administration decided to review the transaction....
...Job moves Christian Lucas, a senior European dealmaker at Silver Lake, has been named a managing partner at the US tech-focused private equity group....
...“Sixty-five per cent of the whole grocery store is processed,” he added....
...Finance chief Luca Maestri said Apple had seen “significant acceleration in iPhone revenue from December to March”....
...Walmart, whose supercentres can be 10 times as large, has just over 5,700 stores in the two countries....
...Finance chief Luca Maestri told the Financial Times that the total number of subscribers was “double the number that we had just three years ago”....
...Same-store sales, margins, inventory levels — these are some of the metrics investors look at when it comes to retail stocks. These days, they must also get to grips with LIFO, FIFO and COGS....
...at its stores....
...Walmart aims to build more than 75 medical centres in the US by the end of 2024. Dollar General is testing mobile health clinics outside some of its stores....
...That should reassure investors in Main Street USA as well as in the store chain. Walmart is a bellwether for US consumer demand....
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