Uber rival Bolt launches food delivery service in Europe

Trump says he’s considering payroll tax cut day after White House…Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.” Politicsread more


Trump says he’s considering payroll tax cut day after White House…Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.” Politicsread more
Uber rival Bolt launches food delivery service in Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, delivery, taxes, food, uber, white, thinking, housetrump, recessionpoliticsread, rival, payroll, tax, trump, bolt, long, hes, europe, launches, service


Uber rival Bolt launches food delivery service in Europe

Trump says he’s considering payroll tax cut day after White House…

Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.”

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth schulze
Keywords: news, cnbc, companies, delivery, taxes, food, uber, white, thinking, housetrump, recessionpoliticsread, rival, payroll, tax, trump, bolt, long, hes, europe, launches, service


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Amazon is passing along costs of a new digital tax to thousands of French sellers

Virginie Lemaire recently opened her email to an unsettling message from Amazon: fees for sellers like her in France will be increasing by 3%. Lemaire, a single mother of two, started her jewelry company Perle d’un jour in 2011. The French small business owner started selling her products on Amazon two years ago and now generates one-fifth of her sales from the e-commerce giant’s marketplace. So it was an unwelcome surprise when she found out Amazon would be raising seller fees for her and thous


Virginie Lemaire recently opened her email to an unsettling message from Amazon: fees for sellers like her in France will be increasing by 3%. Lemaire, a single mother of two, started her jewelry company Perle d’un jour in 2011. The French small business owner started selling her products on Amazon two years ago and now generates one-fifth of her sales from the e-commerce giant’s marketplace. So it was an unwelcome surprise when she found out Amazon would be raising seller fees for her and thous
Amazon is passing along costs of a new digital tax to thousands of French sellers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: elizabeth schulze
Keywords: news, cnbc, companies, thousands, started, french, costs, unwelcome, passing, virginie, company, small, mediumsized, tax, digital, fees, unsettling, amazon, sellers


Amazon is passing along costs of a new digital tax to thousands of French sellers

Virginie Lemaire recently opened her email to an unsettling message from Amazon: fees for sellers like her in France will be increasing by 3%.

Lemaire, a single mother of two, started her jewelry company Perle d’un jour in 2011. Trained as an artisan jeweler, she makes handmade custom pieces like necklaces, bracelets and rings.

The French small business owner started selling her products on Amazon two years ago and now generates one-fifth of her sales from the e-commerce giant’s marketplace.

So it was an unwelcome surprise when she found out Amazon would be raising seller fees for her and thousands of other small and medium-sized French businesses starting in October. The reason the company cited was simple: a 3% digital tax passed by the French government in July.

Amazon’s move appears to directly conflict with the French government’s aim of leveling the playing field between Big Tech and small and medium-sized enterprises, and further complicates France’s effort to rein in companies like Amazon, Facebook and Google.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: elizabeth schulze
Keywords: news, cnbc, companies, thousands, started, french, costs, unwelcome, passing, virginie, company, small, mediumsized, tax, digital, fees, unsettling, amazon, sellers


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SoftBank Vision Fund makes its first-ever investment in an energy company

SoftBank’s Vision Fund announced its first investment in an energy company on Thursday, marking a shift for the $100 billion fund that has made its name pouring money into big tech companies like Uber, WeWork and Slack. The Vision Fund said it completed a $110 million investment in Swiss start-up Energy Vault, which creates renewable energy storage products. Energy Vault’s system uses recycled concrete blocks built into a tower that can store and release energy. SoftBank’s Vision Fund, which lau


SoftBank’s Vision Fund announced its first investment in an energy company on Thursday, marking a shift for the $100 billion fund that has made its name pouring money into big tech companies like Uber, WeWork and Slack. The Vision Fund said it completed a $110 million investment in Swiss start-up Energy Vault, which creates renewable energy storage products. Energy Vault’s system uses recycled concrete blocks built into a tower that can store and release energy. SoftBank’s Vision Fund, which lau
SoftBank Vision Fund makes its first-ever investment in an energy company Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: elizabeth schulze
Keywords: news, cnbc, companies, energy, tech, vault, softbank, company, storage, cost, investment, fund, makes, companies, vision, billion, firstever


SoftBank Vision Fund makes its first-ever investment in an energy company

SoftBank’s Vision Fund announced its first investment in an energy company on Thursday, marking a shift for the $100 billion fund that has made its name pouring money into big tech companies like Uber, WeWork and Slack.

The Vision Fund said it completed a $110 million investment in Swiss start-up Energy Vault, which creates renewable energy storage products. Energy Vault’s system uses recycled concrete blocks built into a tower that can store and release energy.

“For the first time, we’ve got a cost point in economics with energy storage that enables renewables to be deployed below the cost of fossil fuel,” Energy Vault co-founder and CEO Robert Piconi told CNBC’s “Squawk Box Europe” Thursday.

SoftBank’s Vision Fund, which launched in 2017, has disrupted the venture capital model by injecting billions of dollars into start-ups, driving up their valuations. The Fund said last week its operating profit had jumped 66% year-on-year in the last quarter, thanks to valuation increases companies like food delivery platform Doordash and Indian hotel-booking firm Oyo. It said its $66.3 billion investment in 81 tech firms is now worth $82.billion.


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: elizabeth schulze
Keywords: news, cnbc, companies, energy, tech, vault, softbank, company, storage, cost, investment, fund, makes, companies, vision, billion, firstever


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Trump is threatening France over its digital tax – these countries could be next

President Donald Trump has threatened to impose tariffs on France over its plan to tax big U.S. tech firms like Amazon, Google, Apple and Facebook. The law, which was approved by the French Senate in July, imposes a 3% tax on companies that make at least 750 million euros ($834 million) in worldwide revenues from “digital activities,” including 25 million euros ($28 million) from within France. But France isn’t the only country pushing for a digital tax on tech giants. Other governments across E


President Donald Trump has threatened to impose tariffs on France over its plan to tax big U.S. tech firms like Amazon, Google, Apple and Facebook. The law, which was approved by the French Senate in July, imposes a 3% tax on companies that make at least 750 million euros ($834 million) in worldwide revenues from “digital activities,” including 25 million euros ($28 million) from within France. But France isn’t the only country pushing for a digital tax on tech giants. Other governments across E
Trump is threatening France over its digital tax – these countries could be next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: elizabeth schulze
Keywords: news, cnbc, companies, wont, worldwide, france, million, threatening, tech, countries, digital, euros, effort, tax, big, trump


Trump is threatening France over its digital tax – these countries could be next

President Donald Trump has threatened to impose tariffs on France over its plan to tax big U.S. tech firms like Amazon, Google, Apple and Facebook.

The law, which was approved by the French Senate in July, imposes a 3% tax on companies that make at least 750 million euros ($834 million) in worldwide revenues from “digital activities,” including 25 million euros ($28 million) from within France. The tax will retroactively apply from January 1, 2019.

But France isn’t the only country pushing for a digital tax on tech giants. Other governments across Europe are moving forward with their own levies on Big Tech as the global effort to modernize the tax system stalls.

The Organization for Economic Cooperation and Development (OECD) agreed in May to address the tax challenges “arising from digitalization of the economy.” Still the group has said it won’t reach a unified solution on taxes until the end of 2020. Meanwhile an EU-wide effort to pass a digital tax failed last year amid opposition from countries like Ireland and the Netherlands.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: elizabeth schulze
Keywords: news, cnbc, companies, wont, worldwide, france, million, threatening, tech, countries, digital, euros, effort, tax, big, trump


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Apple supplier predicts strong consumer demand – and European chip stocks climb higher

European chip stocks traded higher Tuesday after Apple supplier AMS reported strong second-quarter sales and an upbeat outlook in its consumer business. Shares of AMS, which provides 3D sensors for Apple’s FaceID technology as well as for Android devices, surged as much as 9% after the company said it expects revenue to reach $600-$640 million in the third quarter from its second quarter current revenue of $415 million. The Austrian chipmaker said it expects growth will be driven by “high volume


European chip stocks traded higher Tuesday after Apple supplier AMS reported strong second-quarter sales and an upbeat outlook in its consumer business. Shares of AMS, which provides 3D sensors for Apple’s FaceID technology as well as for Android devices, surged as much as 9% after the company said it expects revenue to reach $600-$640 million in the third quarter from its second quarter current revenue of $415 million. The Austrian chipmaker said it expects growth will be driven by “high volume
Apple supplier predicts strong consumer demand – and European chip stocks climb higher Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: elizabeth schulze
Keywords: news, cnbc, companies, traded, consumer, supplier, european, quarter, higher, demand, climb, ams, volume, strong, company, million, stocks, predicts, chip, revenue, expects


Apple supplier predicts strong consumer demand – and European chip stocks climb higher

European chip stocks traded higher Tuesday after Apple supplier AMS reported strong second-quarter sales and an upbeat outlook in its consumer business.

Shares of AMS, which provides 3D sensors for Apple’s FaceID technology as well as for Android devices, surged as much as 9% after the company said it expects revenue to reach $600-$640 million in the third quarter from its second quarter current revenue of $415 million. The Austrian chipmaker said it expects growth will be driven by “high volume ramps for smartphone sensing solutions.”

“The results reflect the strength of AMS’ portfolio and more supportive demand trends in the consumer market,” the company said in its earning release.

European chipmakers STMicro, BE Semiconductor, ASML and Infineon Technologies traded between 2% and 3% higher on the back of the report.


Company: cnbc, Activity: cnbc, Date: 2019-07-23  Authors: elizabeth schulze
Keywords: news, cnbc, companies, traded, consumer, supplier, european, quarter, higher, demand, climb, ams, volume, strong, company, million, stocks, predicts, chip, revenue, expects


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Ohio rep: Financial illiteracy could be problem for Facebook Libra use

“How do you take somebody from my district who is underbanked or unbanked and educate them if there’s no financial literacy?” She expressed concern about the lack of financial education for the unbanked and underbanked, who might not understand how Libra works. “Financial literacy, absolutely, should be a part of it,” he said. The Libra Association, the Geneva, Switzerland-based group of companies that will govern the Libra blockchain and reserve, should provide financial literacy and education


“How do you take somebody from my district who is underbanked or unbanked and educate them if there’s no financial literacy?” She expressed concern about the lack of financial education for the unbanked and underbanked, who might not understand how Libra works. “Financial literacy, absolutely, should be a part of it,” he said. The Libra Association, the Geneva, Switzerland-based group of companies that will govern the Libra blockchain and reserve, should provide financial literacy and education
Ohio rep: Financial illiteracy could be problem for Facebook Libra use Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: elizabeth myong, elizabeth schulze
Keywords: news, cnbc, companies, ohio, pressley, libra, illiteracy, unbanked, problem, rep, beatty, cryptocurrency, financial, literacy, facebook, marcus, facebooks


Ohio rep: Financial illiteracy could be problem for Facebook Libra use

Rep. Joyce Beatty, D-Ohio. Tom Williams | CQ-Roll Call Group | Getty Images

Lawmakers interrogated David Marcus, Facebook’s cryptocurrency chief, asking how the company will educate the 1.7 million unbanked customers it plans to reach. Elected officials at the House Financial Services Committee hosted a hearing on Wednesday to discuss the social media company’s plans for its proposed digital currency Libra. “How do you take somebody from my district who is underbanked or unbanked and educate them if there’s no financial literacy?” asked Rep. Joyce Beatty, D-Ohio, at the hearing.

She expressed concern about the lack of financial education for the unbanked and underbanked, who might not understand how Libra works. “Where is my protection? What happens if I do this, and we already know I’m ignorant to the process, and then I want my Libras back?” asked Beatty. “With no problem, can I put that money back into my account?” Marcus assured Beatty that those individuals would be able to get their digital currency back, but he did not address the broader issue of financial literacy.

The importance of education

A visual representation of digital cryptocurrency coins on display in front of Facebook and Libra logos. Chesnot | Getty Images

Tyrone Ross Jr., an investment advisor specializing in cryptocurrency in Woodbridge, New Jersey, agreed with Beatty that education for the unbanked needs to be a priority. “Financial literacy, absolutely, should be a part of it,” he said. The Libra Association, the Geneva, Switzerland-based group of companies that will govern the Libra blockchain and reserve, should provide financial literacy and education so customers know how to bank appropriately, Ross said. Member companies in the association include Visa, Uber and Coinbase.

Global representation

Rep. Ayanna Pressley (D-MA) on Capitol Hill in Washington, July 17, 2019. Joshua Roberts | Reuters

The issues around financial literacy reach beyond U.S. borders. Rep. Ayanna Pressley, D-Mass., expressed her concern about the lack of representation from the seven countries where an estimated 50% of the world’s unbanked live, according to data from the World Bank. Those countries are Bangladesh, China, India, Indonesia, Mexico, Nigeria and Pakistan. When Pressley asked if any of Libra’s partners are located in these countries, Marcus admitted none of them were. “Not at this stage, Congresswoman,” he said. “But by the time we get to 100 members, we hope to have a more representative slate of the people we want to serve.”

Lending risks

David Marcus, CEO of Facebook’s Calibra, testifies to the House Financial Services Committee hearing on “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System” on Capitol Hill in Washington, July 17, 2019. Joshua Roberts | Reuters


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: elizabeth myong, elizabeth schulze
Keywords: news, cnbc, companies, ohio, pressley, libra, illiteracy, unbanked, problem, rep, beatty, cryptocurrency, financial, literacy, facebook, marcus, facebooks


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EU to investigate Amazon over possible anti-competitive business practices

EU Commissioner for Competition Margrethe Vestager addresses a press conference on two state aid cases at the European Commission in Brussels on October 4, 2017. EU antitrust regulators will investigate Amazon to determine if the e-commerce giant’s use of merchant data breaches competition rules, the European Commission said on Wednesday. The investigation centers on Amazon’s “dual role” as both a retailer and a marketplace, Vestager said. The European Commission, the executive arm of the EU, be


EU Commissioner for Competition Margrethe Vestager addresses a press conference on two state aid cases at the European Commission in Brussels on October 4, 2017. EU antitrust regulators will investigate Amazon to determine if the e-commerce giant’s use of merchant data breaches competition rules, the European Commission said on Wednesday. The investigation centers on Amazon’s “dual role” as both a retailer and a marketplace, Vestager said. The European Commission, the executive arm of the EU, be
EU to investigate Amazon over possible anti-competitive business practices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: elizabeth schulze
Keywords: news, cnbc, companies, margrethe, amazon, data, competition, eu, marketplace, business, vestager, commission, european, possible, rules, investigate, anticompetitive, practices


EU to investigate Amazon over possible anti-competitive business practices

EU Commissioner for Competition Margrethe Vestager addresses a press conference on two state aid cases at the European Commission in Brussels on October 4, 2017.

EU antitrust regulators will investigate Amazon to determine if the e-commerce giant’s use of merchant data breaches competition rules, the European Commission said on Wednesday.

Competition Commissioner Margrethe Vestager said the EU opened a formal investigation to see if Amazon uses data from independent retailers who sell on the company’s marketplace to its own advantage. The investigation centers on Amazon’s “dual role” as both a retailer and a marketplace, Vestager said.

“Based on the Commission’s preliminary fact-finding, Amazon appears to use competitively sensitive information – about marketplace sellers, their products and transactions on the marketplace,” the regulator said in a statement.

The European Commission, the executive arm of the EU, began questioning merchants about how Amazon collects their data last year. If the EU determines Amazon breached competition rules, it could fine the company up to 10% of global annual revenues.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: elizabeth schulze
Keywords: news, cnbc, companies, margrethe, amazon, data, competition, eu, marketplace, business, vestager, commission, european, possible, rules, investigate, anticompetitive, practices


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IMF warns banks to evolve or be ‘left behind’ amid competition from big tech firms

In this photo illustration, a visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France. Banks must evolve or risk being “left behind” as big tech companies shake up the financial system, according to new research from the International Monetary Fund (IMF). In a paper published Monday titled “The Rise of Digital Money,” IMF authors Tobias Adrian and Tommaso Mancini-Griffoli said the two most common forms of money today, c


In this photo illustration, a visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France. Banks must evolve or risk being “left behind” as big tech companies shake up the financial system, according to new research from the International Monetary Fund (IMF). In a paper published Monday titled “The Rise of Digital Money,” IMF authors Tobias Adrian and Tommaso Mancini-Griffoli said the two most common forms of money today, c
IMF warns banks to evolve or be ‘left behind’ amid competition from big tech firms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: elizabeth schulze
Keywords: news, cnbc, companies, money, research, tech, amid, companies, digital, competition, left, banks, evolve, published, warns, face, paper, firms, system, big, imf


IMF warns banks to evolve or be 'left behind' amid competition from big tech firms

In this photo illustration, a visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France.

Banks must evolve or risk being “left behind” as big tech companies shake up the financial system, according to new research from the International Monetary Fund (IMF).

In a paper published Monday titled “The Rise of Digital Money,” IMF authors Tobias Adrian and Tommaso Mancini-Griffoli said the two most common forms of money today, cash and bank deposits, will “face tough competition and could even be surpassed.”

But banks are “unlikely to disappear” as they face growing threats from big tech companies and fintech start-ups, the paper said.

“Some will be left behind no doubt,” the authors wrote. “Others will evolve, but must do so quickly.”

The research was published as central bankers and policymakers debate the role that tech companies and digital currencies will play in the banking and payments system.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: elizabeth schulze
Keywords: news, cnbc, companies, money, research, tech, amid, companies, digital, competition, left, banks, evolve, published, warns, face, paper, firms, system, big, imf


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France approves digital tax on American tech giants, defying US trade threat

France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.” On Wednesday, Trump ordered an investigation into France’s planned “digital tax” on tech companies. The 3% tax would apply to the French revenues of roughly 30 major companies, mostly from the U.S.”France is sovereign, and France decides its own tax rules. In a statement Wednesda


France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.” On Wednesday, Trump ordered an investigation into France’s planned “digital tax” on tech companies. The 3% tax would apply to the French revenues of roughly 30 major companies, mostly from the U.S.”France is sovereign, and France decides its own tax rules. In a statement Wednesda
France approves digital tax on American tech giants, defying US trade threat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, trade, giants, investigation, revenues, digital, approves, american, tech, threat, french, frances, companies, defying, trump, tax, france


France approves digital tax on American tech giants, defying US trade threat

France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.”

On Wednesday, Trump ordered an investigation into France’s planned “digital tax” on tech companies. The 3% tax would apply to the French revenues of roughly 30 major companies, mostly from the U.S.

“France is sovereign, and France decides its own tax rules. And this will continue to be the case,” France’s Finance Minister Bruno Le Maire said in a statement.

He added the U.S. and France could find agreements, rather than using threats, to reach a deal on the “fair taxation” of internet giants.

In a statement Wednesday, U.S. Trade Representative Robert Lighthizer said the U.S. will investigate whether the French tax “is discriminatory or unreasonable and burdens or restricts United States commerce.” The investigation could lead to the U.S. imposing tariffs or trade restrictions on French goods, potentially escalating the global fight over trade.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: elizabeth schulze
Keywords: news, cnbc, companies, trade, giants, investigation, revenues, digital, approves, american, tech, threat, french, frances, companies, defying, trump, tax, france


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Microsoft opens first retail store in Europe – just down the street from Apple

Microsoft will open its first retail store in Europe on Thursday as the software giant looks to boost its physical presence and compete with other tech companies offering unique in-store experiences for customers. The 21,932 square-foot Microsoft store will be located on Oxford Circus in the center of London’s famous shopping district – just down the street from Apple’s flagship Regent Street location. Inside Microsoft’s flagship London store CNBC | Benjamin Hall”This is our very first foray int


Microsoft will open its first retail store in Europe on Thursday as the software giant looks to boost its physical presence and compete with other tech companies offering unique in-store experiences for customers. The 21,932 square-foot Microsoft store will be located on Oxford Circus in the center of London’s famous shopping district – just down the street from Apple’s flagship Regent Street location. Inside Microsoft’s flagship London store CNBC | Benjamin Hall”This is our very first foray int
Microsoft opens first retail store in Europe – just down the street from Apple Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: elizabeth schulze
Keywords: news, cnbc, companies, retail, street, opens, microsoft, physical, microsofts, flagship, companies, store, europe, london, apple, surface, tech


Microsoft opens first retail store in Europe – just down the street from Apple

Microsoft will open its first retail store in Europe on Thursday as the software giant looks to boost its physical presence and compete with other tech companies offering unique in-store experiences for customers. The 21,932 square-foot Microsoft store will be located on Oxford Circus in the center of London’s famous shopping district – just down the street from Apple’s flagship Regent Street location. London will be Microsoft’s third flagship destination, along with Sydney and New York City.

Inside Microsoft’s flagship London store CNBC | Benjamin Hall

“This is our very first foray into Europe, and we couldn’t be more pleased to be in London,” Microsoft CMO Chris Capossela said in an interview Tuesday. Microsoft is among a growing list of tech companies expanding their physical presence to complement online sales. Amazon is reportedly planning to open up to 3,000 cashier-less grocery stores by 2021. Chinese tech giant Xiaomi told CNBC in February it plans to triple its European store count by the end of the year.

Richard Lim, CEO of research firm Retail Economics, said tech companies are looking to generate buzz and loyalty in their brands by offering new in-store experiences. “Primary locations like Oxford Street, where there’s sustainable levels of footfall, where the experience is much more than retail, is one of the crucial ingredients for success,” Lim said.

A McLaren inside Microsoft’s London store CNBC | Benjamin Hall

Microsoft’s 3-floor store includes an Xbox gaming room, a customized McLaren, meeting rooms for enterprise clients and a digital classroom where students can learn how to code. Cindy Rose, CEO of Microsoft U.K., said the store appeals to general consumers, as well as the company’s more targeted customers like businesses and gamers. The store also highlights Microsoft’s Surface computers and tablets, which have helped the software titan grow its hardware business. Sales of Surface devices increased 21 percent year-on-year last quarter. “The Surface hardware that you see all throughout the store, that’s going to be a big big seller,” Capossela said. “There’s no doubt that a physical store is actually very good for choosing physical products and that’s part of why we’re here.”

Microsoft Surface Book on display in London flagship store CNBC | Benjamin Hall

The store opening puts Microsoft is a rare group of companies that can afford to expand into brick-and-mortar in the U.K. A record net 2,481 stores disappeared from Britain’s top 500 high streets in 2018 as consumers opted to shop online instead, according to research from PwC. “As more stores close up and down high streets across the U.K., that will drive more sales online,” Retail Economics’ Lim said.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: elizabeth schulze
Keywords: news, cnbc, companies, retail, street, opens, microsoft, physical, microsofts, flagship, companies, store, europe, london, apple, surface, tech


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