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Signa Holding
Signa sold prized KaDeWe property at cut price
...The crisis-hit Signa Group sold half of its prized KaDeWe department store building for a fraction of the valuation listed in its books, raising doubts about how much the assets underpinning billions of...
December 1, 2023
Style
Prada’s Patrizio Bertelli on plans for €1bn retail investment
...“If you manage a luxury department store as merely a financial operation as opposed to focusing on the commercial aspects, the products and the customer experience, of course it goes wrong.”...
March 7, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
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 January 29: US mistook enemy drone as its own in Middle East attack, Evergrande ordered to liquidate
German department store KaDeWe files for bankruptcy
...Germany’s most famous department store, KaDeWe, has filed for insolvency....
January 29, 2024
Inside BusinessSam Jones
The decline of the luxury department store
...sam.jones@ft.com Letter in response to this column:Blame real estate owners for the woes of department stores / From Christopher Knee, Honorary Adviser, International Association of Department Stores, Paris...
February 2, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...US department stores offer all kinds of perks to get customers to sign up for their branded credit cards at the register....
April 5, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Letter
Letter: I’m a convert to change of use for stores and hotels
...Edwin Heathcote authors a jumbled argument in “Hollowed-out department stores can help the high street” (Opinion, February 17)....
March 29, 2024
Edwin Heathcote
Hollowed-out department stores offer an opportunity for the high street
...“Someday,” he said, “all department stores will become museums, and all museums will become department stores.”...
February 17, 2024
Liberty PLC
Liberty bets on own-brand goods to drive growth
...Between 2019 and 2022, sales from department stores’ private labels increased from 9 per cent to 16 per cent of turnover, according to the International Association of Department Stores....
January 13, 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
...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
Retail sector
Germany’s largest sports retailer doubles down on physical stores
...Von Preen said that as many department stores as well as independent sports retailers had closed in recent years there was now “a vacuum” in physical store sports retailing....
April 3, 2024
UK retail sales
British retail sales stagnate as shoppers cut back on groceries
...Non-store retailing, which includes online, contracted 1.5 per cent in March, while sales in department stores were down 3.8 per cent....
April 19, 2024
UK retail industry
Surviving UK department stores seek to avoid fate of fallen rivals
...“We can carve the old department stores up into a much more effective and productive space.”...
January 5, 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
...ONS senior statistician Heather Bovill said the gains in some areas were “offset by falling food sales and in department stores where retailers say higher prices hit trading”....
April 19, 2024
News updates from March 22: Dozens dead in Moscow attack; Princess of Wales undergoing cancer treatment
Ted Baker appoints administrators threatening almost a thousand jobs
...The brand, which has 46 stores in the UK and sells its colourful clothes online and in department stores, will continue to trade online and in stores during the administration process....
March 22, 2024
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 September 5: Oil rises above $90 a barrel, Spanish women’s football manager sacked
CEO of Chile’s Falabella department stores resigns
September 5, 2023
News updates from September 6: Latest Eurozone data clouds economic outlook, WeWork to renegotiate most of its leases
CEO of Chile’s Falabella department stores resigns
September 5, 2023
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
News in-depthLabour Party UK
‘Hemmed in’: Labour stores up trouble with long list of tax pledges
...Given government priorities including prioritising NHS spending, Hunt’s plans imply steep real-terms cuts for unprotected departments such as justice and home affairs....
February 11, 2024
News updates from March 4: US Supreme Court rules Trump can remain on Colorado ballot; aviation regulator finds compliance issues at Boeing
Macy’s shares surge 15% on raised buyout bid
...Macy’s shares surged 15.7 per cent in pre-market trading on Monday after activist investors seeking to take over the department store chain raised their offer after their initial bid was rejected....
March 4, 2024
Marks & Spencer Group PLC
M&S wins legal challenge against government over Oxford Street store
...“We acknowledge the judgment and are considering our next steps,” the Department for Levelling Up, Housing and Communities said in a statement....
March 1, 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
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
Signa Holding
Berlin’s KaDeWe store files for insolvency as Signa empire crumbles
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
January 29, 2024
News updates from March 20: Fed signals 75 bps of 2024 cuts; Reddit prices shares at top end of IPO range
Mike Ashley to advise model train maker Hornby
...Frasers Group, which owns UK department store chain House of Fraser and has smaller stakes in many retail businesses, upped its stake in Hornby to 8.9 per cent in February....
March 20, 2024

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