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...“I never believed that ecommerce would have cancelled the need for retail stores . . . only ill-prepared analysts thought so because they ignore how consumer trends have evolved throughout history,” says...
...This year it is likely to close more stores than it opens in numbers, but to open more in terms of revenue. It had 4,369 stores at the end of November, down from 5,076 in 2019....
...The country now leads the world with the most coffee chain stores, ahead of the US. Luckin Coffee, China’s answer to Starbucks, has more than 16,000 stores earning sales of $3.5bn last year....
...the prospect of losing its footing in the US, the platform’s largest market globally, after the approval of a bill that would force TikTok’s Chinese owner ByteDance to either sell the app or face an app store...
...Earnings across all stores grew 36 per cent in 2023, said the company....
...H&M, which trades on a forward price earnings multiple of 15.9 times compared to Inditex on 22.1 times, is slower than rivals to respond to trends....
...“The cycle used to be longer,” she says, “but has substantially accelerated because of social media” — which she notes now dictates trends rather than fashion magazines....
...But Ikea and Lego, in subtly shifting their strategies on what a store can be, have been able to buck gloomy trends in their industries....
...Here, we pick some of the standout trends....
...Peers are expanding their network rapidly, with rival Mixue hitting 36,000 stores....
...Actually, it’s no surprise at all: organised Christianity has invariably gone wherever popular culture has taken it....
...“We really want wines that represent some interesting facet of the world: a local terroir, a culture, a history, a wine style,” Jeff said....
...Mixue opened its first international store in Hanoi in 2018 and now has more than 3,000 stores outside of China....
...Wearing it will demonstrate you appreciate the potentially humorous intersection between monetary policy and popular culture, while also covering some or all of your torso. And now, it can be yours....
...Each store is part-owned and run by store partners, who receive a chunk of profits....
...At worst, some follow trends too closely and produce child-sized versions of adult clothing, which can feel inappropriate....
...“It could be the start of a positive new trend.”...
...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...
...In the 1995 pop culture classic movie Clueless, the main character Cher Horowitz turns to her state-of-the art 90s computer to help select her outfit of the day....
...Peter Dutton’s concerned about fighting culture wars.” The culture war is taking place at a time when ESG policies of companies around the world are under increasing scrutiny....
...The stainless-steel kitchen became a hot trend in homes during the 1990s, as celebrity chefs took over television screens....
...This is an audio transcript of the Life and Art from FT Weekend podcast episode: ‘Culture Chat — Jennifer Lopez’s baffling “This is Me . . ....
...Peer Icicle has grown to over 270 stores in China. Others, like Chinese outerwear brand Bosideng, have made progress in shifting upmarket to a more premium customer....
...In the UK, Boots same-store retail sales increased 5.9 per cent in the quarter, while pharmacy sales ticked up 1.7 per cent....
...For Ascha Pedersen, who offers a curation of silver-coloured midcentury and art deco pieces through her online store Pouf Copenhagen, the allure of such metals “lies not only in their timelessness but in...
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