A French operator that recently opened a flagship store in New York City thinks it has a better department-store model https://t.co/mbYGAIY2hK ...

Economic Performance - In the first half of 2025, Guangzhou's economic performance improved compared to 2024, with positive trends in exports and retail sales [2] - From January to May 2025, Guangzhou's total retail sales reached 469.994 billion yuan, a year-on-year increase of 5.1% [3] Retail Innovation - Guangzhou has been recognized as a pilot city for retail innovation, supported by its strong commercial heritage and a large young population, with 1.68 million university students in 2024 [3] - The city is seeing significant investment in new commercial projects from leading operators like Swire, China Resources, and K11, enhancing the retail landscape [3] Shopping Center Upgrades - In 2026, Guangzhou will mark the fifth year of its initiative to build an international consumption center, with major shopping centers undergoing significant renovations to enhance competitiveness [4] - The focus of these upgrades is shifting from product-centered to consumer-centered experiences, emphasizing emotional value and spatial experience [4] Market Supply and Demand - In the second quarter, Guangzhou saw the addition of two community commercial projects, totaling 213,000 square meters, marking an 8.1% increase compared to the total supply in 2024 [5] - Retail property leasing activity is increasing, particularly in supermarkets and department stores, with notable changes in store formats and offerings [5] Rental Trends - In the first half of 2025, new retail brand leases accounted for 43% of total transactions, followed by dining (41%) and experiential formats (15%) [6] - Retail property rents in Guangzhou continued to decline, with a quarterly drop of 2.5% and a cumulative decrease of 3.6% in the first half of 2025, averaging 21.9 yuan per square meter per day [6] Future Developments - Four new retail projects, totaling approximately 300,000 square meters, are expected to enter the market in the second half of 2025, with a trend towards light asset operations [6]

Core Insights - The company reported a consolidated sales revenue of 232.8 million euros for Q2 2025, a decrease of 1.9% year-on-year, and 447.8 million euros for the first half of the year, down 2.4% compared to the same period in 2024 [1][2] - Profit before tax for Q2 2025 was 6.6 million euros, reflecting a 32.7% decline from the previous year, with a total profit before tax of 7.9 million euros for the first half, down 5.8 million euros year-on-year [1][2] - The challenging economic environment, including tax increases and cautious consumer spending, significantly impacted sales across various segments, particularly in the car segment due to a new car tax in Estonia [2][17] Supermarkets Segment - The Selver supermarkets segment achieved sales revenue of 155.7 million euros in Q2 2025, a 3.6% increase year-on-year, and 304.0 million euros for the first half, marking a 2.5% growth [6][7] - The average monthly sales revenue per square meter was 0.41 thousand euros in Q2 2025, a 0.9% increase overall and 2.2% for comparable stores [6] - The segment's profit before tax for the first half was 4.0 million euros, down 2.2 million euros compared to the previous year [7] Department Stores Segment - The department stores segment reported sales revenue of 25.7 million euros in Q2 2025, a 1.0% increase, but a pre-tax loss of 1.7 million euros for the first half, which is 0.7 million euros weaker than the previous year [12][13] - The average sales revenue per square meter for the first half was 0.30 thousand euros, down 1.8% year-on-year [13] Car Segment - The car segment's sales revenue for Q2 2025 was 45.1 million euros, a 16.6% decrease, with a total of 82.5 million euros for the first half, down 16.7% [16][17] - The introduction of a car tax in Estonia led to a 40% decline in the new car market volume, although the Group's performance in Latvia and Lithuania helped mitigate the overall impact [2][17] Security Segment - The security segment's sales revenue for Q2 2025 was 4.4 million euros, a decline of 24.1%, with a pre-tax loss of 0.3 million euros [19][20] - The segment faced challenges due to seasonal fluctuations in project volumes and rising input costs [20] Real Estate Segment - The real estate segment reported sales revenue of 1.9 million euros in Q2 2025, a 9.5% increase, with a pre-tax profit of 2.4 million euros, up 39.0% [21][22] - Growth was supported by rental income from a logistics center and new tenants boosting footfall [22][23] Financial Position - As of June 30, 2025, total assets were 667.8 million euros, down from 706.7 million euros at the end of 2024, with current liabilities decreasing to 127.1 million euros [25] - The company's equity decreased to 235.1 million euros from 261.5 million euros, reflecting a decline in retained earnings [25]

河南日报客户端记者 王冰珂 陈浩 7月8日，郑州丹尼斯大卫城六楼，在宇树科技智能机器人河南首个体验店，宇树Go2四足机器狗正进行 表演，倒立行走、自适应翻身、语音对话，吸引不少"粉丝"围观。 不远处，另一家科技类河南首店——大疆哈苏融合店正在装修，广告围挡精美吸睛。"这家店我们谈了 很久才引来，备受专业人士期待。"丹尼斯大卫城餐饮休憩部副总经理李森介绍。 "我们学习'胖东来式'服务理念，推动'极致服务'思维在政务服务一次办、城市管理精细化、消费环境品 质化等场景中落地应用，主动靠前了解企业需求，解决企业困难，以服务效能提升促进商贸产业提质升 级。"金水区杜岭街道党工委书记任拉拉说。 地处杜岭商圈的丹尼斯大卫城，横贯国际精品店、百货公司、精品超市、MALL及酒店五大商业业态， 是综合型、体验型购物休闲娱乐中心，目前在营商铺1000余家，其中全国首店1家、华中首店24家、河 南首店59家、郑州首店23家。 当天中午，湘菜品牌"费大厨"河南首店食客盈盈。"我们去年底开业，平均每月营收100万元左右。"该 店经理汪福生介绍，选择大卫城就是看中商圈的流量，时下正迎来暑期消费热潮。 不仅是餐饮，流量效应还体现在服装、休闲 ...

Summary of Key Points Core Viewpoint - Macy's Inc (NYSE:M) stock is facing significant resistance around the $12.60 level, which has limited gains for the past couple of months, and the 100-day moving average is also exerting overhead pressure, indicating potential downturns in the future [1] Group 1: Stock Performance - The stock is currently trading at $12.59, reflecting a 1.1% increase [1] - Since reaching a four-year low of $9.76 on April 8, Macy's stock has struggled to recover and is down approximately 26% year-to-date [3] Group 2: Technical Indicators - The stock is within 0.75 of the 100-day moving average's 20-day average true range (ATR), having spent over 80% of the last 10 days and two months above this level [2] - Historical data shows that after similar technical signals in the past three years, Macy's stock was lower one month later 80% of the time, averaging a 7.8% loss, which would place the shares at approximately $11.61 if this trend continues [2] Group 3: Options Market Sentiment - There is a potential unwinding of optimism among options traders, as indicated by a high 10-day call/put volume ratio of 7.47, which ranks higher than 86% of readings from the past year [3]

Core Points - Target is set to open a new store in Guilford, Connecticut on August 17, marking its 23rd location in the state [3][6] - The store will occupy a 78,000 square-foot space previously occupied by Walmart, which closed in May 2022 [4] - The new store will feature various services including "Apple at Target," a CVS Pharmacy, Starbucks Café, and Target Optical, and is expected to employ around 100 team members [5] Summary by Category Store Details - The Guilford Target store will operate from 7 a.m. to 10 p.m. on weekdays and 8 a.m. to 10 p.m. on weekends [3][4] - This store is part of a broader expansion, with eight new locations opening this summer across multiple states including California, Connecticut, Florida, New Jersey, New York, and Pennsylvania [6] Community Impact - The local First Selectman expressed excitement about the store's opening, highlighting the need for a large retailer following Walmart's exit [7] - The new store is expected to reduce travel for residents, thereby decreasing pollution and supporting local shopping [8]

Once the darling of Japanese stock investors, department stores have lagged the recent broad market rally https://t.co/6ylGI7UAI3 ...

Core Insights - The largest Valet Parking Driver (VPD) commercial scenario in China has been launched in Wuhan, developed by Huawei QianKun in collaboration with Wushang Group [1] Company Summary - The VPD scenario features advanced functionalities such as ultra-narrow parking space management and diagonal parking space recognition [1] - It currently supports models equipped with Huawei QianKun intelligent driving systems, including Lantu Dreamer, Lantu FREE+, and Dongfeng Mengshi [1] Industry Summary - The VPD commercial scenario covers over 8,000 parking spaces, marking it as the largest of its kind in the country [1]

Core Insights - Target Corporation is maintaining its 2024 prices on key back-to-school items, including a popular list of 20 essential supplies totaling less than $20 and a $5 backpack, emphasizing value, style, and convenience [1][3] - The retailer is reintroducing its student and teacher discounts, along with the Target Circle Week event from July 6-12, providing additional savings on school supplies and electronics [1][5] Pricing Strategy - Target is offering over 1,000 back-to-school items priced at $5 and under, with school supplies starting as low as $0.25, and backpacks available for $5 [4] - The retailer's dealworthy brand is expanding its lineup, featuring notebooks starting at $0.35 and composition books at $0.50 [4] Promotions and Discounts - Verified college students can access a one-time 20% off storewide discount starting June 29, while verified teachers can enjoy a similar discount from July 20 to August 30 [8] - Target Circle members can save an extra 5% daily and benefit from exclusive deals and early access during the back-to-school season [6][8] Product Assortment - Target is introducing new brands and expanded assortments, including a Champion collection for activewear and a Herschel x LEGO collection for backpacks, with most items priced under $40 [8] - The retailer is also offering trendy lighting, bedding starting at $10, and storage solutions from $5, catering to various back-to-school needs [4][8] Shopping Experience - Target provides convenient shopping options, including Drive Up and Order Pickup, enhancing the overall customer experience during the back-to-school season [6] - The School List Assist feature in the Target app simplifies supply shopping, allowing consumers to find class lists and check out items easily [8]

Group 1: Kohl's Corporation - Kohl's continues to experience revenue declines in apparel, footwear, and legacy homes despite sales gains from in-store initiatives like Sephora and Home Décor [2] - Structural risks to Kohl's store footprint are significant, with adjusted debt/EBITDAR ending 2023 at 3.6x, above the company's target of ~2.5x, and projected leverage may exceed 4x through 2024–26 [3] - Analyst forecasts fiscal year 2025 EPS at 56 cents and fiscal year 2026 EPS at 53 cents, both above Street estimates, while maintaining an Underweight rating with a price forecast of $8 [4] Group 2: Vail Resorts, Inc. - Vail Resorts may be nearing a turning point in revenue and earnings, aided by the return of former CEO Katz and unique growth drivers [5] - Key advantages include a premium resort portfolio, upfront revenue from the Epic Pass strategy, and a resilient customer base of high-income, frequent skiers [5] - Projected fiscal year 2025 adjusted EBITDA is $866 million and fiscal year 2026 at $908 million, both slightly above Street estimates, with a Neutral rating and price forecast of $167 [6] Group 3: Foot Locker, Inc. - Foot Locker faces challenges from inconsistent same-store sales, increased promotions, and brand allocation changes, particularly with Nike [7] - Dick's Sporting Goods aims to revamp Foot Locker through a $2.4 billion acquisition to create a larger global retail sports platform and enhance omni-channel capabilities [7] - Analyst models fiscal year 2025 EPS for Foot Locker at $1.10, ahead of the Street's $1.00, with a projected rise to $1.65 for fiscal year 2026, maintaining a Neutral rating and price forecast of $24 [8]