
There could be a nasty surprise under the tree for the US economy this Christmas.
There could be a nasty surprise under the tree for the US economy this Christmas.
Marks & Spencer and Debenhams, two of the country's biggest retailers, will this week hold pre-Christmas sales to stimulate trade after a tough October.
Shares of Genesco Inc fell 39 percent to their lowest level in six years on Wednesday, a day after the shoe and hat retailer forecast weak third-quarter results, hurt mainly by lower same-store sales at its Johnston & Murphy Group, and guided its fourth-quarter earnings below Street view.
A perfume company that went into business with musician Prince to make a "3121" fragrance -- named after his 2006 album -- sued Prince on Monday for $100,000 for failing to help promote the perfume.
Burberry , the British luxury brand, on Tuesday reported a 3 percent increase in first-half profit but said trading has been more difficult since the start of the second half, particularly in the U.S.
Women's apparel retailer Bebe Stores Inc said Dyan Jozwick left the company, barely five months after she was appointed as the chief merchandise officer.
Retailer J.C. Penney Inc on Friday said quarterly profit fell nearly 53 percent and warned of worsening results for the rest of the year, just weeks before the crucial holiday shopping season begins.
Kohl's Corp and Nordstrom Inc , two large U.S. retailers, reported sharply lower quarterly profits on Thursday and warned of worse-than-expected results for the rest of the year, just weeks before the critical holiday shopping season gets under way.
Japan's biggest department store operator, Isetan Mitsukoshi Holdings Ltd., said Thursday the financial crisis was cutting into its profits as consumers splurge less on luxury goods.
Mid-market clothes retailers will continue to lose market share to premium stores as shoppers, who have been saturated by product choice in recent years, become more selective, a report released on Thursday said.
Wining, dining and fashion are still a priority for Asia-Pacific consumers, but a regional survey shows that the global financial crisis is motivating them to hunt for bargains and save more.
South African retailer Mr Price boosted first-half profit by 11 percent as its low-cost clothes helped it grab market share in tough conditions, lifting its shares.
British scientists called Wednesday for urgent research into the health implications of nanoparticles, which are found in a wide range of everyday products but whose effects are virtually unknown.
Bankrupt apparel retailer Harold's Stores Inc HRLS.PK will close all its 43 stores after a bankruptcy court approved plans for the chain to begin going-out-of business sales, liquidation adviser Gordon Brothers Group said on Tuesday.
Germany's HDE retailers' group said it expected stagnating sales next year although they should still hold up in the 2008 Christmas season, Wirtschaftswoche magazine reported on Saturday. In advance extracts from an article for its Nov.