Retail/Wholesale – Page 3

Inditex Lifts Gross Margin View After Sales, Earnings Increase

13Dec

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World

Inditex Lifts Gross Margin View After Sales, Earnings Increase

Inditex reported an increase in sales and earnings for the first nine months of fiscal 2024 and raised its gross margin expectations on the back of what it called a strong execution of its business.The Spanish fashion giant said on Wednesday that it made earnings before interest and taxes of 5.19 billion euros ($5.60 billion) in the nine months to Oct. 31, up from EUR4.18 billion in the same period of last fiscal year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Macy’s Buyout Could Take a Miracle on 34th Street

11Dec

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Money

Macy’s Buyout Could Take a Miracle on 34th Street

A suitor has shown up at Macy’s door. As any shopper knows, though, wanting to buy something is one thing and being able to afford it is another. Real-estate focused investing firm Arkhouse Management and global asset manager Brigade Capital Management on Dec. 1 submitted a proposal to purchase Macy’s stock they don’t already own, The Wall Street Journal reported on Sunday. Their offer price is $21 a share, 21% higher than where Macy’s stock closed last Friday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business

11Dec

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World

TikTok to Invest More Than $1.5 Billion in GoTo to Restart Indonesia E-Commerce Business

Updated Dec. 11, 2023 4:29 am ETBytedance’s TikTok will invest more than $1.5 billion in a deal with GoTo Group that will allow the Chinese video-sharing app to resume retail operations in Indonesia, one of its most successful e-commerce markets.The companies said Monday that TikTok Shop Indonesia and GoTo’s Tokopedia e-commerce platform will be combined under the existing Tokopedia entity, with TikTok taking a 75% controlling stake.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Sigma Healthcare Agrees to $5.79 Billion Merger With Pharmacy Chain

11Dec

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World

Sigma Healthcare Agrees to $5.79 Billion Merger With Pharmacy Chain

SYDNEY—Australian drug supplier Sigma Healthcare agreed to merge with privately owned pharmacy operator CW Group, creating a listed company worth more than 8.8 billion Australian dollars (US$5.79 billion).Sigma on Monday said it would pay A$700 million in cash and issue sufficient new shares for CW Group, the operator of Australia’s prominent Chemist Warehouse pharmacy chain, to own 86% of the combined company. Shareholders of Sigma, which has a market capitalization of A$810.4 million, would own the remainder.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Investor Group Launches $5.8 Billion Buyout Bid for Macy’s

10Dec

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Money

Investor Group Launches $5.8 Billion Buyout Bid for Macy’s

An investor group has made a $5.8 billion offer to buy Macy’s, in a bid to take the famed department-store chain private after stiff competition from online rivals took a big bite out of its value.Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, on Dec. 1 submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share, people familiar with the matter said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

10Dec

By adminNo Comments

World

Investor Group Launches $5.8 Billion Buyout Bid for Macy’s

An investor group has made a $5.8 billion offer to buy Macy’s, in a bid to take the famed department-store chain private after stiff competition from online rivals took a big bite out of its value.Arkhouse Management, a real-estate focused investing firm, and Brigade Capital Management, a global asset manager, on Dec. 1 submitted a proposal to acquire the Macy’s stock they don’t already own for $21 a share, people familiar with the matter said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

10Dec

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Technology

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

Faulty electronics are causing more fires in homes lately. This holiday season, I don’t want to give my neighbors the wrong kind of light show, so I sought advice on how to avoid buying potentially dangerous devices.E-bike and e-scooter battery fires are soaring, particularly in New York, where 17 people have died and dozens have been injured this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

10Dec

By adminNo Comments

World

Here’s How to Vet E-Bikes, E-Scooters and Other Products for Battery Safety

Faulty electronics are causing more fires in homes lately. This holiday season, I don’t want to give my neighbors the wrong kind of light show, so I sought advice on how to avoid buying potentially dangerous devices.E-bike and e-scooter battery fires are soaring, particularly in New York, where 17 people have died and dozens have been injured this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Many Car Dealers Are Getting Nervous About EV Push

10Dec

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World

Many Car Dealers Are Getting Nervous About EV Push

Auto dealers across many parts of the country say electric vehicles are becoming too hard a sell for buyers worried about the range, reliability and price of these models.When Paul LaRochelle heard Ford Motor was coming out with an electric pickup truck, the dealer was excited about the prospects for his business. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How a $13.99 Snoopy Sparked a Gen-Z Craze

9Dec

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World

How a $13.99 Snoopy Sparked a Gen-Z Craze

When Snoopy first appeared in the “Peanuts” comic strip in 1950, his creator Charles M. Schulz couldn’t have guessed that his hand-drawn beagle would spawn one of the hottest toys of 2023.The latest Gen-Z obsession is a $13.99 stuffed Snoopy toy wearing a little blue puffer and a striped hat. A CVS exclusive, the toy is sold out at the pharmacy chain’s locations all over the country. Online, it’s being resold on sites like eBay and Mercari for anywhere between $40 to $70. On Reddit, CVS employees swap stories about receiving dozens of daily phone calls asking if they still have the toy in stock. And on TikTok, young consumers are documenting their quests to get their hands on the stuffed beagle. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1...