Industry Insights

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Boeing and Airbus: a chess match in the sky

30 May, 2016

Competition between America’s Boeing and its European counterpart, Airbus, is intensifying. Since 2012 Airbus has won more orders than Boeing, and could surpass it in deliveries down the line. One major reason is Boeing’s Dreamliner project. Beset with technical and supply chain issues, the long-haul jet came in behind schedule and well over budget. It also gave Airbus the chance to sprint ahead, particularly in narrow-bodied jets.

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Mass migration in the EU banking sector

27 May, 2016

European banks have had difficulty retaining talent of late, with many top bankers leaving to work for American banks. Credit Suisse is a case in point: Over the past several weeks, a number of bank executives have left, most to work for New York-based investment bank Jefferies. One cause cited is a pivot from investment banking to private banking and wealth management since Tidjane Thiam became Chief Executive last year.

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Struggling Sears launches new store model

25 May, 2016

After years of falling sales and declining revenue, American department store chain Sears is trying something new: launching a new, smaller-store format less than a tenth the size of its average store. If the pilot project delivers strong results, the retailer, now in its second century, is prepared to rapidly expand the programme. The first location will focus on home appliances, and offer a more integrated shopping experience.

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Hotels shouldn’t get too comfortable

23 May, 2016

The hotel industry has been turning in strong performances, despite the proliferation of room sharing sites like Airbnb and enduring popularity of travel websites. In the US, hotels have benefited from a combination of slow-growing supply and vigorous demand. This month Hyatt reported a 55% increase in profits over the same quarter last year. Still, the industry will need to keep reshaping itself in order to compete.

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New CEO reshuffles M&S executive team

20 May, 2016

Steve Rowe, who succeeded Marc Bolland as Chief Executive of British retailer Marks & Spencer last month, has already taken bold actions to revitalise the 132-year-old institution. Rowe has reconfigured his executive team’s responsibilities and simplified the company’s management structure to expedite decision making – which he considers key to his top priority of turning the clothing and home business around.

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Showing 1-5 of 574

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Marie W. Corell
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