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(For a graphic showing H&M's share price performance in 2018: reut.rs/2xB4cOn). The pilot store in Stockholm shows H&M is finally getting the message. “After talking to the customers, we’ve been wanting to create a warmer and more personal feeling,” Anna Tillberg, head of H&M’s innovation think-tank the Laboratory, which is developing the new concept. H&M invites loyalty club members from the area to yoga classes and mingle events in a store that has been refurbished with wooden floors, lush greenery, broad aisles, a cafe corner and spacious changing rooms.
“It’s a total change, This is like a concept store, It’s much banana republic cufflinks better now, There’s no garbage or plastic or packaging anywhere,” Mathilda Moncetti, 27, said at a recent event, “The interior feels like a luxury brand.”, Sitting by the in-store espresso machine, Daniel Claesson, head of business development and online at H&M, said the revamp had increased both the store’s sales and footfall, H&M declined to give figures, “We’ve learnt loads,” he said, “Here we’ve seen proof of the results of being more relevant for the customer we have right here.”..
The company said in February that it expected sales in stores open one financial year or more to return to growth in 2019. Besides the new store concept, H&M also plans to adapt ranges to local tastes in many more stores. The company, which rents its store space, is shutting underperforming H&M stores faster than usual, sometimes swapping the budget brand for one of its better-performing ones. It has also turned some regular H&M stores into discount outlets. But some investors fear it could all be too little too late.
BEIJING (Reuters) - China is being forced to retaliate against the United States in their trade dispute, and U.S, exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen, But Beijing’s retaliation would provide opportunities to other LNG-exporting countries, Wang said at a press conference on Tuesday, adding that Australia is an important source of the fuel for China, The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter banana republic cufflinks trade dispute that is expected to hit global economic growth..
Beijing said it was willing to restart trade negotiations with Washington if the talks are “based on mutual respect and equality,” according to a white paper on the dispute published by the State Council, or cabinet, on Monday. The United States stands to gain more from Sino-U.S. trade, China’s international trade representative Fu Ziying, said at the same press conference. While China has a trade surplus with the United States, it’s the latter that has a profit surplus with China, said Fu, who is also a vice commerce minister.
(Reuters) - Tesla Inc (TSLA.O) is building its own car carriers, as the electric carmaker faces vehicle distribution problems, The company is upgrading its logistics system but running into an “extreme” shortage of car carrier trailers, Chief Executive Elon Musk tweeted on Monday in response banana republic cufflinks to a customer, who placed order for a Model 3 All Wheel Drive (AWD) in June but has yet to receive the car, “Started building our own car carriers this weekend to alleviate load,” Musk said..
BEIJING (Reuters) - Confrontation between China and the United States means both sides lose, and talks with Washington cannot take place under threats and pressure, the Chinese government’s top diplomat State Councillor Wang Yi told U.S. business leaders. Meeting representatives of the U.S.-China Business Council and National Committee on United States-China Relations in New York, Wang said certain U.S. forces have been making groundless accusations against China on trade and security, China’s Foreign Ministry said in a statement on Tuesday.
(Reuters) - Starbucks banana republic cufflinks Corp (SBUX.O) is planning an organizational restructuring including leadership changes, according to a memo from its Chief Executive Officer Kevin Johnson, “There will be some job losses, some role expansions, and redeployments,” a company spokeswoman told Reuters, The changes come at a time when the world’s largest coffee retailer is facing a raft of challenges, including a cooling U.S market and heavy competition from rivals, while undertaking a massive expansion project in China..