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...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 EU’s executive arm had expressed concerns that Apple’s move to kick Epic Games from its App Store could violate the Digital Markets Act, a new law aimed at curbing the power of the biggest tech companies...
...Shares in US-based discount retailer Dollar Tree fell 8.5 per cent in pre-market trading after it took $2bn in impairments on the value of its subsidiary Family Dollar and said it would close 1,000 stores...
...Investors took note: for the first time in seven years, luxury stocks did not outperform the broader equity market....
...Intersport controls a third of the market, according to the retailer....
...Last month, Cook opened Apple’s largest store in Asia in Shanghai, demonstrating the brand’s commitment to the market despite falling sales....
...The country is home to the third-largest pharmaceutical market in the world. There is still room for growth in Japan’s $53bn dispensing pharmacy market....
...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”....
...At a crossroads in downtown Shanghai, the market for bubble tea is crowded. Opposite one of ChaPanda’s 8,000 domestic stores, rival tea specialist Heytea vies for customers....
...The world’s largest retailer will raise wages for its store managers and revise its bonus structure, in a bid to boost job satisfaction as a tight US labour market continues to put pressure on employers....
...Over the past 10 years, Inditex’s average store size has increased from about 500 square metres to 750-800, estimates RBC Capital Markets....
...Physical stores accounted for just 3 per cent of revenue in the last quarter. Rethinking the use of expensive Just Walk Out tech is part of a broad focus on costs that has found favour in markets....
...The commission said it was investigating under the Digital Markets Act, a new law aimed at curbing the power of the biggest online platforms....
...Phil Schiller, who heads up Apple’s App Store, on Thursday said the bloc’s new Digital Markets Act is forcing it to make changes that will make the user experience not “as good as it is in the rest of the...
...Part of the latter’s rally includes market excitement over an announcement that Japanese telecoms group KDDI plans to launch a tender offer for Lawson....
...President Joe Biden said he would sign a bill working its way through Congress that would ban US app stores from carrying TikTok unless its Chinese owner divests the popular video-sharing social media platform...
...The act outlines rules aimed at opening markets to allow European start-ups to flourish and to give consumers more choice....
...fine the tech giant €500mn in March over allegedly favouring its music streaming app against competitors such as Spotify, are also being lobbied to reject Apple’s proposals to satisfy the bloc’s Digital Markets...
...But the “aspirational” luxury market is in trouble. And it is this market which is the customer base of the luxury department store....
...There is definitely a demand for convenience: even in the densely packed Japanese market, konbini revenues rose by 4 per cent last year, with a hot summer increasing drink and ice-cream sales....
...The chain is seeking rent reductions on 36 stores to be able to stay afloat and raise more cash....
...Epic accused the search giant of suppressing competition in the Android app market to secure billions of dollars in profits from its Play Store....
...A federal jury on Monday found against Google in a lawsuit brought by Epic, the company behind popular video game Fortnite, which accused the search giant of suppressing competition in the Android app market...
...The legislation would not ban app stores from distributing TikTok in non-US markets, another congressional aide noted. Some US states are also trying to ban the app....
...Online retail, alongside out-of-town malls and discounters, has admittedly shredded their market, but they can be reimagined....
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