Marks & Spencer is reining in investment, slashing costs and stepping up promotions amid signs of mounting pressure on consumers as banks tighten lending and house prices fall at the fastest rate for 17 years.
The emerging markets miracle will not be enough to prevent 2008 from being the year the Swiss watchmaking industry will suffer its first significant slowdown in half a decade. And 2009 is not looking any better.
Marks & Spencer will open its first store in mainland China on Oct. 2, the same day as a keenly-awaited trading update, in the latest move by an international retailer into the world's most populous country.
Italy's Mariella Burani Fashion Group is focusing on organic growth, looking to expand its leather brand Mandarina Duck in emerging markets, Chief Executive Officer Giovanni Burani said on Wednesday, September 24th.
Women need no longer walk out of apparel stores seeking accessories to complete their ensembles. One-stop shops selling everything from clothes to scarves and jewelry are not a fad, but are here to stay. In a hard-hit U.S.
Zara owner Inditex said on Wednesday that Spain was "slightly below average" compared to its other markets. The retailer was asked on an analyst call about how the consumer downturn in Spain was affecting it.
Gold prices advanced Wednesday as the precious metal continued to garner support from ongoing turmoil on world financial markets, traders said.On the London Bullion Market, the price of gold rose to 834.02 dollars per ounce, from 779.