Fewer party dresses, a return to the classics, lower price tags and emptier store shelves -- those are the strategies U.S. retailers have devised to try to successfully navigate this year's Christmas season.
Leading global consumer goods exporter Li & Fung on Wednesday 10 June said the insolvency of one of Germany's biggest retailers, Arcandor, would impact the company's three-year plan to boost sales to $20 billion.
Italian retailer Gruppo Coin SpA's first-quarter results were flat as cost cuts offset weak sales, the company said on Wednesday 10 June. Net profit for the quarter ended April 30 was unchanged at 800,000 euros ($1.13 million).
The collapse of the vast German retail group Arcandor, threatening 43,000 jobs, erupted into a bitter fight on Wednesday 10 June as politicians gear up for a national election in less than four months.
German retailer Metro on Wednesday 10 June denied a press report it was thinking about selling to an Italian investor the combined department store group it hopes to create with insolvent Arcandor's Karstadt chain.