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...Hibbett’s share of 80 per cent stores with street locations fitted well with JDs other brands in the US, which were predominantly destination stores, said Schultz....
...Rising delinquencies as well as faltering retail sales growth will add to the pressure....
...But while retail spending on sportswear is back above pre-Covid levels — at $395.5bn globally last year, according to Euromonitor — share valuations have yet to catch up....
...The Family Dollar deal, struck at an enterprise value of $9.2bn after a fierce bidding war with Dollar General, has instead left the retailer exposed to the toughest part of a struggling bargain retail market...
An unwinding of the Ticketmaster deal no longer looks far-fetched
...Wall Street retail lenders, which have more diversified sources of revenues like investment banking and wealth management, can afford the fight for deposit....
...“The wet weather has been a key factor in the slowdown in discretionary spending, as it’s meant fewer visits to the high street and to hospitality venues,” said Karen Johnson, head of retail at Barclays....
...Monday’s equity moves came after US retail sales proved stronger than expected, in the latest sign of economic resilience....
...The FT’s Wall Street editor Sujeet Indap explains how the deal went off the rails, and how the supermarket’s owners might end up paying millions of dollars to sell their company....
Sellers will be able to charge different prices to consumers based on the card they use
...It also successfully invested in the video game chain Game Retail....
...Do we really want our finest streets turned into dormitories?...
...Virtu and Jane Street did not immediately respond to requests for comment....
...By contrast, Home Depot suffered a 3 per cent decline in full-year revenues as its retail customers put off big DIY projects. Rival Lowe’s reported an even steeper 11 per cent drop in annual sales....
...At the moment, the retail titan mainly sells ads on its websites, apps and self-checkout screens in stores....
The FTC has defined a specific market of accessible luxury it says will be harmed if the deal goes through
Smol bean bag
...He now expects first-quarter gross domestic product growth to hit 3.1 per cent, up from a previous estimate of about 2.2 per cent, which was close to the Wall Street consensus....
...They signal that one of Wall Street’s big goldmines is facing challenges....
...But it projected growth of between 3 and 4 per cent over the next 12 months, below the 4.5 per cent pencilled in by Wall Street....
...In recent years, Oxford Street has suffered a rapid deterioration from the jewel in the crown of UK retail to empty buildings and a boom in souvenir and candy stores....
...But it would also leave Macy’s exposed to rising rent payments and limit its ability to reinvest in the core retail business....
Japan is a pioneer of combining retail outlets with pharmacies and support services for ageing shoppers
A glut of apartments available in the French capital this summer is pushing down prices
...Formed from the 2014 merger of mobile phone retailer Carphone Warehouse and Dixons Retail, Currys has faced a tough market in the UK while its business in Scandinavia has struggled....
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