Retail news

• Apple's shock downgrade rattles global stock markets

  03-01-2019 20:02
  Firms with exposure to China hit over fears the Silicon Valley giant’s slowdown could spreadiPhone slump: the rivals taking a bite out of Apple
  Share prices have fallen on all the world’s major stock markets after poor trading figures from the tech giant Apple and a sharp drop in US factory orders prompted fears of a global economic slowdown in 2019.Apple saw more than 9% wiped off its value on Wall Street after admitting in its first revenue warning to investors since 2002 that it w
  
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• US retail chief Blake Nordstrom dies aged 58

  03-01-2019 19:54 via ft.com
  Head of store dynasty was credited with improving group’s merchandising system
  
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• Next/UK retail: fun Guise to be with

  03-01-2019 16:54 via ft.com
  Affordable fashion group highlights direction of shopkeeping
  
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• Apple shock and weak data drag down Wall Street – as it happened

  03-01-2019 16:54
  Global stock markets weaken as phonemaker sparks growth fears
  Apple’s shock profit warning sends European shares slidingApple stocks tumble after company cuts forecasts for key quarter 3.54pm GMT We’re only three days into 2019, but it is already clear that the travails of the Chinese economy are set to be one of the major stories of the year.On Wednesday weak Chinese purchasing managers index data set the mostly negative tone for investors around the world, before Apple’s reve
  
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• Apple shares plunge after downgrade shock – business live

  03-01-2019 16:25
  Global stock markets weaken as phonemaker sparks China growth fears
  Apple’s shock profit warning sends European shares slidingApple stocks tumble after company cuts forecasts for key quarter 3.25pm GMT US stocks are continuing their downward spiral.The Dow Jones industrial average is now down by 2.4%, or 550 points. The S&P 500 is down by 2% and the Nasdaq down 2.1%. Apple is, unsurprisingly, a big weight in all of them.Comments from the panel reflect continued expanding business stren
  
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• Think big — investors will back almost any deal

  03-01-2019 15:20 via ft.com
  Institutions have voted a corporate action down just once in three years
  
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• Wall Street braces for slump after Apple downgrade shock – business live

  03-01-2019 14:16
  European markets weaken as phonemaker sparks China growth fears
  Apple’s shock profit warning sends European shares slidingApple stocks tumble after company cuts forecasts for key quarter 1.16pm GMT Shares in AstraZeneca and GlaxoSmithKline have been buoyed by the $74bn Bristol-Myers Squibb deal with Celgene.Both were in negative territory earlier in the day, but AstraZeneca is now up by 1.6% and GSK has gained 0.9%. Look at the jump in AstraZeneca’s share price after the deal was ann
  
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• JD.com opens two new innovative stores at travel hubs

  03-01-2019 10:37 via theretailbulletin.com
  Chinese online retail giant JD.com has opened two new innovative stores at Beijing Capital International Airport and Hohhot East Railway Station in Inner Mongolia.
  
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• Next lowers profit forecast

  03-01-2019 09:52 via theretailbulletin.com
  Fashion and homewares retailer Next has lowered its full year profit forecast although it has reported an increase in Christmas sales.
  
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• Marks & Spencer launches 'game changing' vegan friendly range

  03-01-2019 09:43 via theretailbulletin.com
  Marks & Spencer has launched what it describes as a game changing new range of meat and dairy-free plant based fresh food as it looks to meet demand from customers taking a flexitarian approach to eating,
  
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• Mango to add 60,000 square metres of new selling space this year

  03-01-2019 09:43 via theretailbulletin.com
  Spanish fashion retailer Mango is planning to open 60,000 new square metres of selling space throughout 2019.
  
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• Next's Christmas saved by late splurge from shoppers

  03-01-2019 09:33
  Retailer reports sales growth but surge in costly web orders will hit annual profitsA spike in sales in the last three weeks of December helped save Christmas for the fashion chain Next but a surge in costly web orders will hit annual profits.The high street bellwether is among only a few retail chains that resist pre-Christmas discounting and it was expected to have suffered as struggling rivals slashed prices to attract shoppers as Brexit jitters weighed on consumer confidence. Continue readin
  
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• Stocks under pressure after Apple downgrade shock – business live

  03-01-2019 09:13
  Asian markets fall following phonemaker’s warning of lower revenueApple stocks tumble after company cuts forecasts for key quarter 8.13am GMT Next shares jump by 6%.
  The market appears to be pleased with Next’s update, with shares hopping over Marks & Spencer to lead the FTSE 100. 8.04am GMT FTSE falls by 0.5% at the open.Marks & Spencer is the early leader, up by more than 4% in the opening minutes, boosted by the readacross from Next’s results. 8.01am GMT Let’s
  
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• Next shares rise despite profit outlook downgrade

  03-01-2019 08:22 via ft.com
  Fashion retailer’s Christmas trading gives hope to stressed High Street
  
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• Next downgrades outlook for profits after November dip

  03-01-2019 08:22 via ft.com
  Fashion retailer gives hope to stressed High Street with less severe cut than feared
  
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• How the Modern House transformed our search for the perfect home

  03-01-2019 05:03 via ft.com
  Founders Albert Hill and Matt Gibberd turned an obsession with architecture design into a fast-growing business
  
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• 'Christmas from hell' caps bad year for high street DVD sellers

  03-01-2019 01:01
  Digital growth fuels £250m drop in physical sales of films, music, TV and gamesA “Christmas from hell” capped a disastrous year for high street sellers of DVDs and CDs, as the digital revolution fuelled a near-£250m decline in sales of physical copies of films, music, TV shows and video games in 2018.In the week leading up to Christmas, sales of DVDs were down more than 31%, Blu-ray discs plummeted by over 33% and music CD sales slumped by 29%, a festive nightmare that pu
  
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