Macy’s Names Next Bloomingdale’s C.E.O.
Macy’s named Olivier Bron the next chief executive of Bloomingdale’s, the company’s luxury chain, on Tuesday, the latest move in a leadership shuffle this year. Mr. Bron was previously chief …
BUSINESS
Grocery price inflation falls to lowest level in a year
G rocery price inflation has dropped to its lowest level in more than a year – but 95% of consumers remain concerned about rising supermarket bills, figures show. Prices across …
SoftBank Needs a Hit, and It’s Betting on Arm
Masayoshi Son, the chief executive and billionaire founder of the tech conglomerate SoftBank, believed so strongly in Arm, the British chip design company he bought in 2016 for $32 billion, …
Wickes says home-working fuelling DIY demand despite sliding profits
W ickes has reported higher sales as hybrid working encourages more home improvement projects, despite the retailer revealing shrinking profits. The DIY chain, which also trades as a builders’ merchant, …
Arm, a British Chip Designer, Juggles Challenges Before 2023’s Biggest I.P.O.
Rene Haas, the chief executive of the chip-design powerhouse Arm, has many masters to serve. He reports to Masayoshi Son, the head of SoftBank, which owns Arm and plans to …
Fevertree blames ‘British summer’ as it cuts profit guidance
T he boss of Fevertree blamed “the vagaries of the British summer weather” as the drink mixer business warned on its profits for the year today. Sales were up in …
Primark is back, but Oxford Street needs help says boss
P rimark shoppers are back in London and on Oxford Street in particular, but as a shopping destination it is far short of what it used to be. So warns …
‘Zombie Trout’ Unsettle Montana, Long a Fly-Fishing Mecca
WISE RIVER, Mont. — Since the Fellin family founded the Big Hole Lodge in the 1980s to take people fly fishing on the Big Hole River, they have seen significant …
UK real wages no longer falling as earnings growth remains at record rate
W ages in the UK continued to surge at a record pace and have not been outstripped by inflation for the first time in nearly two years, according to official …
TikTok Shop Aims to Turn Trendsetting Power Into Sales
TikTok wooed marketers from companies like Madewell, H&M and Gucci last Wednesday as part of New York Fashion Week, transforming the stylish East Village restaurant Cathédrale with a video wall …