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John Lewis warns of further store closures

John Lewis warns of further store closures

Business
Retail giant John Lewis has warned of further store closures as it reported huge losses due to Covid-related lockdowns that forced shops to shut.The group swung to a loss of £517m for the year to January, against profits of £146m the previous year.The retailer said it "does not expect" all of its department stores to reopen once lockdown restrictions ease.It has previously been reported the chain was considering closing up to eight more stores to try to cut costs.Any further closures would be in addition to eight already announced in 2020.It did not say how many of its 42 John Lewis shops were under threat, but said it was in talks with landlords and would make a final decision at the end of March.The rise in internet shopping, accelerated by various lockdown measures amid the coronavirus ...
Apple investigated in UK over ‘unfair’ App Store claims

Apple investigated in UK over ‘unfair’ App Store claims

Technology
EPAThe UK's Competition and Markets Authority has launched an investigation into whether Apple's terms for app developers are anti-competitive.It follows a series of complaints, including a high-profile one from Epic Games, the developer of Fortnite.Some developers are unhappy that they are forced to distribute apps to iPhones and iPads via the App Store, and the commission Apple takes.Apple said its terms were "fair and equal".The investigation will consider whether Apple has a dominant position in the distribution of apps on its devices and look at whether it imposes unfair terms on developers.Andrea Coscelli, chief executive of the CMA said: "Millions of us use apps every day to check the weather, play a game or order a takeaway. So complaints that Apple is using its market position to ...
Amazon Fresh till-less grocery store opens in London

Amazon Fresh till-less grocery store opens in London

Technology
AmazonAmazon has opened a till-less grocery store in London - its first "just walk out" shop outside the US.Visitors to Amazon Fresh scan a smartphone app when entering and are automatically billed as they leave.The store stocks hundreds of own-brand items as well as third-party products, and also serves as a place to collect and return goods bought online.Campaigners have raised privacy concerns but one retail expert said the opening marked a "watershed moment"."Having a physical presence will enable Amazon to address some of its weaknesses, like the mounting cost of deliveries and returns," said Natalie Berg, an analyst with NBK Retail.But she said she did not believe it would pose a threat to the major chains in the near term."Supermarkets have had a few years now to prepare and test th...
Pfizer asks FDA for approval to store COVID-19 vaccine at warmer temperatures

Pfizer asks FDA for approval to store COVID-19 vaccine at warmer temperatures

Business
Feb. 19 (UPI) -- Pfizer and BioNTech said Friday they have asked federal regulators for clearance to begin storing its coronavirus vaccine at warmer temperatures, which would make it easier to store and ship. The companies, which partnered to develop the COVID-19 vaccine, said they have asked the Food and Drug Administration for approval. Advertisement Presently, the vaccine must be stored at constant freezing temperatures to keep it stable. The drugmakers say they have now demonstrated, however, that it remains stable at -13 to -5 degrees Fahrenheit. Moderna, the only other vaccine presently approved for use in the United States, can already be shipped at the same temperatures. "We have been continuously performing stability studies to support the production of the vaccine at commercial ...
Google halts Play Store ‘review bombing’ by GameStop traders

Google halts Play Store ‘review bombing’ by GameStop traders

Technology
Getty ImagesGoogle has removed a wave of negative reviews of popular stock-market trading apps targeted by furious investors.Platforms such as Robinhood have been hit after preventing independent traders buying GameStop and AMC shares.Users of a Reddit message board had managed to upset the market by buying the shares and inflating their value, hitting established hedge funds.Many online traders, feeling betrayed by Robinhood's restrictions, have hit back with critical reviews of the app.Google has removed tens of thousands of one-star reviews for the widely-used trading app - which had previously had a four-star average.It says it takes action when it sees "fake ratings", designed to manipulate a product's average score.But more one-star ratings - the minimum possible - have continued to ...