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...Prada is doubling down on its retail strategy, with planned investments of €1bn over the next five years, as demand for its products rises across geographies, and high-end luxury consumers increasingly seek...
...Investors are predicting a year-on-year rise in revenues of around one-fifth to £3.2bn, according to analysts polled by Reuters, as airlines continue to benefit from an increase in demand for travel....
...UK aid: The UK prime minister will unveil an extra £500mn of military funding to Ukraine today and announce the largest supply of munitions to Kyiv as Rishi Sunak travels to Poland and Germany to reinforce...
...It is forecast to report a same-store sales decline as food inflation causes consumers to seek bargains at discount stores....
...The latter, whose core customers are lower income Americans living in rural areas, eked out a 0.7 per cent rise in same-store sales but suffered a 39 per cent drop in net income during the fourth quarter...
...TikTok: US House representatives are set to vote this morning on a bill that would ban the popular video app from US app stores unless its Chinese parent ByteDance divests it....
...Its peer FamilyMart has started running these types of shops and has taken it a step further, with robots cleaning the store floors....
...Retailer earnings: Ross Stores and Nordstrom will report this afternoon, potentially giving further insight into how consumer spending has fared in recent months as price pressures ease....
...We start today with Joe Biden’s plans for tonight’s State of the Union address....
...ONS senior statistician Heather Bovill said “hardware stores, furniture shops, petrol stations and clothing stores all reported a rise in sales”....
...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...
...Events: Japanese companies conclude wage negotiations with labour unions, which are demanding an average pay rise of 5.85 per cent, the highest in 31 years....
...Today’s more concentrated stock market is more prone to substantial falls in value.”...
...In a country where church membership has fallen by a quarter over the past two decades, and just one in 20 citizens attend Sunday mass, “the current law is completely at odds with today’s reality of life...
...And here’s what else I’m keeping tabs on today: Sam Bankman-Fried: Prosecutors are seeking up to 50 years of prison time for the FTX founder at his sentencing today, after he was convicted on multiple counts...
...Futures contracts tied to the value of the Vix index — the so-called fear gauge that measures expectations of near-term swings in the S&P 500 — are pricing in a rise in market stress in the weeks before...
...Today’s stores can attract, engage and generate meaningful interactions with customers....
...Weston said ABF did not increase prices during the period although it had benefited from rises implemented last year as inflation subsided....
...An updated edition incorporates Narendra Modi’s rise to national office in 2014....
...price index: Coming days after data showed consumer prices unexpectedly rose last month, US wholesale prices are expected to have risen 0.3 per cent month on month in February, potentially matching the rise...
...Home Depot: The home improvement store chain kicks off several days of quarterly earnings for US big-box retailers....
...Apple said it had removed WhatsApp and Threads from its online store in China under direction from the country’s internet regulator....
...Risky business Keir Starmer will abandon Labour’s commitment to spend £28bn a year on the green transition today, the culmination of a long retreat over the policy....
...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”....
...“They don’t have a tendency or loyalty to any one of the companies. They can buy their bubble tea or lemon tea from this company today and the other company tomorrow.”...
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