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Related Special Reports
...OpenAI said it uses a combination of automated systems, human review and user reports to find GPTs that may violate its policies....
...Germany’s most famous department store, KaDeWe, has filed for insolvency....
...And it is this market which is the customer base of the luxury department store. Now interest rates may ease, and these spenders may get some of their disposable income back....
...“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....
...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....
...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....
...It opened its largest-ever Zara store last year in Rotterdam. This may seem counterintuitive when sales continue to shift online....
...“We can carve the old department stores up into a much more effective and productive space.”...
...The US justice department’s landmark case against Apple is an important attempt, but it faces an uphill battle....
...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....
...Epic Games sued the company over its App Store policies in 2020, claiming the company imposes an unfair 30 per cent “tax” on certain transactions — a case that Epic largely lost....
...If the DoJ is successful, potential remedies may range from ordering a break-up of the company to imposing changes on how Apple crafts contracts or runs its business....
...“We acknowledge the judgment and are considering our next steps,” the Department for Levelling Up, Housing and Communities said in a statement....
...Yet when consumers are confronted with common online business models like “dynamic pricing” in the bricks-and-mortar world, they may revolt....
...The Biden administration and the previous Trump administration both identified TikTok as a security risk, partly because Chinese law requires domestic companies to share data when requested by Beijing....
...Retailers may have also found an answer to physically cleaning these shops without humans. All this points to a more sustainable business model for local convenience store chain....
...Boeing, another company in which financial engineering has replaced the real kind, is a timely case in point....
...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....
...Beneficiaries from a valuation boost would include shareholders of Seven & i Holdings, Japan’s largest convenience store operator, which owns 7.8 per cent of Ain’s outstanding shares, according to the company...
...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....
...The efforts have yet to pay off, with the company suffering from a slowdown in consumer spending in Chile....
...Reeves and Starmer may have to decide between two politically unpalatable choices: slashing funding to departments that are already crying out for money — for example justice, transport and local government...
...Multibrand retail will take a hit The end of 2023 has been an especially difficult period for department stores, independent boutiques and other multibrand retailers, with many of them struggling under...
...Closing arguments in that trial are set for May 2024....
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