Tuesday, March 11

Tag: Specialty Retailing

How IKEA Downsized to Go Downtown
31Dec By adminNo Comments
World

How IKEA Downsized to Go Downtown

Updated Dec. 31, 2023 12:20 am ETPARIS—There was no instruction manual when IKEA’s Paris team set to work building a new kind of city-center store.The Swedish furniture company’s ambition was to create a smaller version of its giant blue-and-yellow suburban stores for downtown consumers, to be replicated around the world. A quarter of the size of IKEA’s traditional outlets, the central Paris store—the first of this new type when it opened in 2019—would need to be radically different, they decided.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Self-Checkout Even the Haters Will Love
16Dec By adminNo Comments
World

The Self-Checkout Even the Haters Will Love

Updated Dec. 16, 2023 12:05 am ETEvery so often a technological breakthrough comes along that makes you feel like you’ve teleported to the future: the iPhone, ChatGPT, self-driving cars. And self-checkout at Uniqlo. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Inditex Lifts Gross Margin View After Sales, Earnings Increase
13Dec By adminNo Comments
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
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Sigma Healthcare Agrees to $5.79 Billion Merger With Pharmacy Chain
11Dec By adminNo Comments
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
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Many Car Dealers Are Getting Nervous About EV Push
10Dec By adminNo Comments
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
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How a $13.99 Snoopy Sparked a Gen-Z Craze
9Dec By adminNo Comments
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...
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Luxury Stores Are Bursting With Unsold Stuff
9Dec By adminNo Comments
Money

Luxury Stores Are Bursting With Unsold Stuff

Fashionistas can smell blood. Luxury brands need to find ways to unload their growing pile of unsold stock without reeking of desperation.The luxury industry is slowing as shoppers sober up after their pandemic spending spree. In 2022, sales across the sector rose by 15% at constant exchange rates, according to Bain & Company estimates. But U.S. shoppers tightened their belts toward the end of last year, and Europeans followed this summer. The Chinese haven’t been spending as much as brands hoped either since Covid-19 restrictions were lifted in January. This year’s growth rate is expected to be around half what the industry managed in 2022. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Auto Sales Continued Rising in November on Promotions, New-Energy Vehicle Sales
8Dec By adminNo Comments
World

China Auto Sales Continued Rising in November on Promotions, New-Energy Vehicle Sales

China’s vehicle sales continued rising in November, helped by sales of new-energy vehicles, clearance of fossil fuel cars and sales promotions.Retail sales of passenger cars in the world’s biggest auto market rose 26% on year and 2.4% on month to 2.08 million vehicles in November, the China Passenger Car Association said Friday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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