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Chinese business & finance
Fast-growing Chinese retailer Miniso shifts expansion focus overseas
...The company has outlets in every continent except Antarctica, with the greatest concentration in Asia. The majority of the stores are franchises....
May 13, 2024
OpenAI
OpenAI’s app store draws investors and students seeking artificial aids
...OpenAI chief Sam Altman said last year that the company would ensure GPTs “follow our policies before they’re accessible”....
March 28, 2024
FT Live
Decarbonising India's Industries
Unlocking the technologies and capital required to accelerate progress
Tuesday, 11 JuneDigital Conference
News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Walgreens Boots Alliance warns of retail challenges in US
...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....
March 28, 2024
LexWalmart Inc
Even Walmart cannot crack America’s dysfunctional healthcare market Premium content
...It may have been spooked by Walgreens....
May 2, 2024
News updates from January 4: US air strike kills Iran-backed militia commander, German inflation rises to 3.8%
Walgreens Boots Alliance slashes dividend by 48%
...Pharmacy group Walgreens Boots Alliance cut its dividend but reported better than expected quarterly profits, as the company deals with falling sales of Covid-19 vaccines and tests....
January 4, 2024
Brooke Masters
Shoplifting, self-checkout and the limits of AI
...Walgreens cited “organised retail crime” as it shut some San Francisco locations, and other chains adopted similar justifications....
April 3, 2024
FT Live
FTWeekend Festival: U.S. edition
The Saturday where the Financial Times Weekend paper comes to life
Saturday, 10 May 2025The REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
LexWalgreen Co
Walgreens: new CEO may decide Boots was made for hawking Premium content
...Walgreens Boots Alliance is an ailing company in desperate need of a new prescription for growth....
October 11, 2023
News updates from October 11: Fed minutes show ‘two-sided’ risks, ExxonMobil agrees to $60bn deal Pioneer deal
Walgreens Boots Alliance appoints former Cigna exec as CEO
...Pharmacy group Walgreens Boots Alliance has appointed a former Cigna executive as its new chief executive, after the group’s former CEO abruptly stepped down last month....
October 11, 2023
News in-depthRetail & Consumer industry
Worker unrest adds to US drugstore woes as Covid vaccine sales dwindle
...Rite Aid filed for bankruptcy last month, while Walgreens and CVS have both announced store closures to cut costs. CVS is shutting 900 stores by 2024....
November 12, 2023
Walgreens Boots Alliance Inc
Walgreens Boots chief steps down after latest profit forecast downgrade
...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
September 1, 2023
News updates from April 30: Former Binance chief sentenced to prison; BlackRock to launch Saudi investment firm
China operator of KFC and Pizza Hut adds more stores than expected
...The company added 378 net new stores in the first quarter, more than forecast by analysts, bringing the total to more than 15,000....
April 30, 2024
News updates from September 1: US jobs grow more than forecast, Walgreens Boots CEO steps down
Walgreens Boots chief executive Rosalind Brewer steps down
...Walgreens Boots and Brewer mutually agreed for her to step down as CEO and member of the board where she has served since 2010, the company said on Friday....
September 1, 2023
Walgreens Boots Alliance Inc
Boots and Walgreens to close 450 branches across UK and US
...Boots will close 300 stores in the UK and a further 150 Walgreens branches in the US over the next year as parent company Walgreens Boots Alliance seeks to “optimise” locations....
June 27, 2023
Next PLC
Next boss warns of stock delays as Red Sea disruption takes toll
...Retail store sales rose just 0.6 per cent....
January 4, 2024
News updates from April 19: Israel launches retaliatory strikes against Iran; S&P 500 falls for third straight week
Apple removes WhatsApp and Threads from its China app store
...Apple has removed Meta’s WhatsApp and Threads applications from its China app store following instructions from authorities....
April 19, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
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
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
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
News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM
Eli Lilly teams with Amazon to dispense Zepbound and other medication
...The push into prescriptions and drug delivery is unusual for a pharmaceutical manufacturer, pitting Eli Lilly against US pharmacy chains such as CVS and Walgreens. Read more here...
March 13, 2024
LexBoots UK Ltd
Boots: one step closer to the block Premium content
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
November 24, 2023
The Week Ahead
Courtroom politics
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week. Monday Greece: Independence Day....
March 24, 2024
News updates from January 4: US air strike kills Iran-backed militia commander, German inflation rises to 3.8%
Risers and fallers in the US
...Shares moves to note on the New York Stock Exchange include home fitness equipment company Peloton, frozen food maker Lamb Weston and pharmacy business Walgreens Boots: Shares of Peloton rose 8.5 per cent...
January 4, 2024
News updates from October 12: US inflation hotter than expected in September, FCA bans Staley
US risers and fallers
...Share moves to note on the New York Stock Exchange include Walgreens Boots Alliance, Domino’s Pizza, and Hormel Foods: Walgreens was up almost 6 per cent, after the company announced its plans to cut $1bn...
October 12, 2023
FirstFT
FirstFT: Global M&A drought ends as blockbuster deals double in first quarter Premium content
...This comes as China seeks a more integrated regional market in response to European and US companies’ de-risking of supply chains and denying China access to chipmaking technologies....
March 28, 2024
FirstFT
FirstFT: Global M&A drought ends as blockbuster deals double in first quarter
...Results: Arbuthnot Banking Group, Capricorn Energy, JD Sports and Walgreens Boots Alliance report. Five more top stories 1....
March 28, 2024

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