Menu

Month: January 2018

BoE governor Mark Carney criticises use of Retail Prices Index

The governor of the Bank of England has criticised the use of the Retail Prices Index (RPI) for its “known errors” and that it would be better to focus on a single measure of inflation. During a hearing in the House of Lords today, Mark Carney urged the government to scrap the use of RPI on future contracts. The RPI is used to determine rail fare costs, interest rates on student loans and to calculate returns on index-linked gilts

0 Comments
Read Full

Hammerson sales slip but footfall increase bucks trend

Shopping centre operator Hammerson saw a 0.4 per cent year-on-year increase in footfall across its UK shopping centres in 2017, outperforming the industry benchmark which saw a drop of 2.8 per cent.






0 Comments
Read Full

Ebay posts loss for holiday quarter as it books $3.1 billion tax charge

Ebay posted a loss for the key holiday quarter on Wednesday as it booked a $3.1 billion charge from the recent changes in U.S. tax laws.






0 Comments
Read Full

Lowe’s to give some employees bonuses of up to $1,000 and expand benefits due to tax reform

Lowe's will follow rival Home Depot in giving thousands of employees a bonus of up to $1,000 due to new tax legislation.






0 Comments
Read Full

Check out Amazon’s Alexa Super Bowl commercial

Amazon has enlisted an eclectic mix of celebrities — including founder Jeff Bezos — to star in its Super Bowl commercial for virtual-assistant Alexa.






0 Comments
Read Full

Report: Job cuts at Sears

Sears Holdings has trimmed its corporate workforce.






0 Comments
Read Full

Kroger expands checkout-free technology to more divisions

The nation’s largest supermarket retailer is outfitting more stores with technology designed to eliminate checkout lanes.






0 Comments
Read Full

Bon-Ton details store closing locations

The Bon-Ton Stores is moving ahead with its plans to reduce its store footprint.






0 Comments
Read Full

Swarovski sparkles in the Big Apple

Swarovski has opened a flagship in New York City’s Times Square.






0 Comments
Read Full

Bon-Ton is shuttering more than 40 stores. Here’s where they are

Bon-Ton is closing more than 100 stores. Here's a map of where they are.






0 Comments
Read Full