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Zara SA
Zara returns to Ukraine following 2-year closure
...Since then it has ceased to ship merchandise to the country but has continued to pay taxes and the wages of its 1,000 Ukrainian employees, although most have been at home with no work to do....
March 1, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...Adjusted operating margin was negative last year, compared with Dollar Tree’s 13.7 per cent. But arch-rival Dollar General is struggling too....
March 19, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
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
Greggs PLC
Greggs forecasts sales to double by 2026
...Total sales for the full year rose 19.6 per cent to £1.8bn, while like-for-like sales in company-managed stores increased by 13.7 per cent compared with 2022....
March 5, 2024
News in-depthGermany
Germany’s robotic stores must rest on Sundays, too
...During the week, staff visit shops to service them for a few hours a day, but on Sundays no employee interaction is necessary, Stäb said....
April 5, 2024
Letter
Letter: Mallory’s school is in no doubt he made it to the top
...That wonderful question with no answer — now 100 years old — featured in your FT Weekend Letters section (“Mountain climbers were tougher then”, April 13)....
April 19, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
FT Globetrotter
New York uncorked: Manhattan’s coolest wine stores
...Owner Jean-Baptiste Humbert, who founded the store with his ex-wife Patricia Kirkland, grew up in France and was first introduced to wines made with little or no intervention by his parents....
March 26, 2024
John Gapper
Convenience stores should make more of themselves
...If ageing societies can no longer support all the post offices, libraries, banks and stores they once did, why not combine them?...
February 16, 2024
Associated British Foods PLC
Primark owner’s profits soar as investments provide boost
...“We are seeing basket sizes creep up, so it’s not as if there’s been no improvement in volume. It’s just early days and small,” said Weston....
April 23, 2024
Apple Inc
Apple rivals lobby EU over App Store dominance
...Apple believes only the very biggest apps will have to pay the core technology fee, and that 88 per cent of the active developers on the App Store in the EU already pay no commission.Apple added it has had...
February 21, 2024
Hennes & Mauritz
New H&M chief vows to end years of stagnating sales growth
...Ervér said on Wednesday that he wanted to boost sales by investing in products and marketing, rather than by opening lots of stores. H&M will close more stores than it opens this year, he added....
March 27, 2024
Inside Politics
Starmer’s gamble on ultra-cautiousness could store up trouble
...There’s no question that trans rights is another issue on which Starmer’s stance has changed....
February 8, 2024
Inside Politics
Setbacks for both Rishi Sunak and Keir Starmer may store up trouble
...But no one has called for Starmer to go and it is hard to see when a parliamentary flashpoint will come next that threatens Labour’s position on the issue....
November 16, 2023
Body Shop International PLC
About half of The Body Shop’s 198 stores expected to close
...“After years of unprofitability and following a full evaluation of The Body Shop’s UK business, the joint administrators have concluded that the current store portfolio mix is no longer viable,” FRP said...
February 20, 2024
BlackRock Inc
BlackRock loses appeal over UK tax on $13.5bn BGI deal
...BlackRock, the world’s largest asset manager, has lost an appeal relating to UK tax it sought to reclaim from HM Revenue & Customs on its $13.5bn acquisition of Barclays Global Investors in 2009....
April 11, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
Inside BusinessSam Jones
The decline of the luxury department store
...Strip away the glitz and the credit, and the luxury department store — once that great disruptive trailblazer of modern consumption — may be no more resilient to the trends ravaging the high street than...
February 2, 2024
Apple Inc
Tim Cook praises China’s ‘critical’ role in Apple’s business
...The figure represented a 13 per cent year-on-year decline, and research group Counterpoint said iPhone sales in the first six weeks of this year were also down 24 per cent from a year earlier....
March 21, 2024
Letter
Letter: Time for COP to address the global migration crisis
...Surely a declining population is not only no reason to panic (Letters, FT Weekend, April 13) but should be encouraged and planned for by governments around the world....
April 22, 2024
LexIPOs
Hong Kong’s bubble tea IPO flop is a sign of the market times Premium content
...Even that growth rate is no guarantee in a market where the barriers to entry are low and competition fierce. Peers are expanding their network rapidly, with rival Mixue hitting 36,000 stores....
April 23, 2024
Greggs PLC
Greggs shares jump after bumper year for sales
...you’re adding incremental sales to existing stores.”...
January 10, 2024
TikTok Inc
US bill would ban TikTok from app stores unless ByteDance divests it
...TikTok said: “This bill is an outright ban of TikTok, no matter how much the authors try to disguise it....
March 6, 2024
Google LLC
Google to pay $700mn in antitrust settlement over Android app store
...“No other US antitrust enforcer has yet been able to secure remedies of this magnitude from Google, or, for that matter, from any of the other major digital platforms.”...
December 19, 2023
ESG investing
US investment funds pull $13.3bn from BlackRock in anti-ESG campaign
...“In simple terms, when government attempts to mandate values (no matter what kind) to business, the market loses, and taxpayers bear the consequences,” the study said....
March 24, 2024
ExplainerTikTok Inc
What’s next for TikTok after Biden approves ban
...The law would work by imposing civil penalties on app stores such as Apple’s App Store and Google Play if they distribute or update TikTok....
April 24, 2024
Barclays PLC
Barclays chief calls for return of UK equity risk culture
...“There is no big slip-up here, with early signs of progress on costs in particular,” said Numis analyst Jonathan Pierce....
April 25, 2024

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