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...Shares in US-based discount retailer Dollar Tree fell 8.5 per cent in pre-market trading after it took $2bn in impairments on the value of its subsidiary Family Dollar and said it would close 1,000 stores...
...It reported a decline in same-store sales of 4.8 per cent in the fourth quarter, after a decline of 2.7 per cent a year ago....
...Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store....
...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...
...Yet it is allowing Inditex to improve sales per square metre from about €5,000/m2 in 2013 to about €8,000/m2, on RBC estimates....
...Wages in Japan rose 3.8 per cent last year, the largest increase in three decades....
...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....
...Opposite one of ChaPanda’s 8,000 domestic stores, rival tea specialist Heytea vies for customers. Next door, another establishment is under construction....
...The mega brands with their €800 sneakers and €8,000 handbags will endure. But the “aspirational” luxury market is in trouble....
...Just over 70 years later, the bakery has taken a record 8.2 per cent of the UK’s food-to-go market, where it has even knocked McDonald’s off the top spot for breakfasts....
...The company has struggled with weak demand for its dresses and accessories and reported a same-store sales decline of 4.8 per cent in the fourth quarter....
...The company said the expansion of its evening trading offerings had boosted sales, with 1,200 stores now open until 7pm or later....
...The sale of Via Monte Napoleone 8, a building that houses Kering’s Saint Laurent store, as well as Prada and the LVMH-owned Cafe Cova, marks the largest-ever single asset real estate sale by Blackstone in...
...in San Francisco Wines: From $8 to $4,950 Website; Directions I discovered this shop through Pascaline Lepeltier, one of the world’s top sommeliers (and the first woman to be awarded the Meilleur Ouvrier...
...Despite the reopening of China at the start of the year, demand for personal luxury products slowed to 8 per cent at constant currency rates according to Bain, narrowly outpacing global inflation and marking...
...Frasers Group, which owns UK department store chain House of Fraser and has smaller stakes in many retail businesses, upped its stake in Hornby to 8.9 per cent in February....
...Snapchat parent Snap added 2.9 per cent, and Rumble, a video platform known for featuring rightwing commentators, rose 8.4 per cent. Pinterest added 0.5 per cent....
...On Tuesday China’s top legislative body passed a revised law on state secrets that standardises information systems and equipment used to store information the government deems confidential....
...Still, Foot Locker reported a same-store sales decline of 0.7 per cent, surpassing analyst expectations for a 6.7 per cent fall....
...Frasers, which also owns UK department store chain House of Fraser and has smaller stakes in many retail businesses, increased its stake in the toymaker last month....
...By contrast clothing and home sales in M&S’s most recent quarter grew 4.8 per cent, ahead of the market....
...The Debauve & Gallais stores resemble 19th-century apothecaries....
...McDonald’s reported full-year earnings of $11.56 a share, up from $8.33 in 2022, but just below analysts’ expectations of $11.62....
...Its shares are down nearly 8 per cent since the start of 2024. As the US unveiled the lawsuit on Thursday, chief executive Tim Cook was in Shanghai for a public relations offensive....
...Full-year earnings rose from $8.33 to $11.56 a share, just below analysts’ expectations of $11.62. Annual net income rose 37 per cent to $8.5bn....
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