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OpenAI
OpenAI’s app store draws investors and students seeking artificial aids
...The strategy is seen as attempt to replicate the success of Apple’s app store for the iPhone....
March 28, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
April 5, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
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
Edwin Heathcote
Hollowed-out department stores offer an opportunity for the high street
...The writer is the FT’s architecture critic “I never think that people die,” said Andy Warhol. “They just go to department stores.” If the UK government gets its way, they may not have to wait....
February 17, 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
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Inside BusinessSam Jones
The decline of the luxury department store
...department stores....
February 2, 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
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
Live news: Asian equities sell off amid tensions in the Middle East
Apple removes WhatsApp and Threads from its China app store
...Apple said on Friday that it was “ordered” by China’s powerful internet regulator and data watchdog to remove the two apps due to “national security concerns”, according to a company spokesperson....
April 19, 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
LexEuropean companies
Shein’s fast fashion rivals may find stores are their best defence Premium content
...Fashion often looks to the past for inspiration. Used cleverly, stores can help in the fight against fierce competition from online rivals. nathalie.thomas@ft.com...
March 10, 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
Apple Inc
‘Apple is going to war’: US lawsuit adds to iPhone maker’s antitrust woes
...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....
March 22, 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
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Live news: Asian equities sell off amid tensions in the Middle East
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
Apple Inc
US accuses Apple of building smartphone market monopoly in antitrust case
...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....
March 21, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...The filing requires developers to set up a local company or use a local publisher and host the back end of the app in China, said Bishop, who predicted that most companies would end up operating a second...
April 19, 2024
LexDollar Tree Inc
America’s dollar stores are struggling Premium content
...The resilience of the Dollar Tree chain allowed the company to trade at a premium to Dollar General throughout much of 2023....
March 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
News in-depthWealth management
The fee fiasco weighing on St James’s Place
...Earlier this month, the FCA warned advice firms it may crack down on customer charges, and requested information from the 20 largest companies in the sector, to allow it to decide whether to take further...
March 2, 2024
Rana Foroohar
To surge or not to surge, the algorithm is the question
...When you walk into a retail store in the real world, you can’t be charged a different price or shown different offerings or advertising because of your income or the colour of your skin....
March 10, 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
The FT ViewThe editorial board
The US brings a landmark case against Apple
...The US justice department’s landmark case against Apple is an important attempt, but it faces an uphill battle....
March 27, 2024
LexJapanese business & finance
Robot stores will keep Japan’s labour costs down Premium content
...Despite the cost hurdles, the share price of parent company Seven & i Holdings have climbed more than a tenth this year. Meanwhile its rival Lawson is up 42 per cent....
February 14, 2024

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