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.
Clothing retailers, facing sharp cost increases, are planning a gamble that could backfire by raising prices next year in what could be one of the worst consumer downturns in 30 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.
Sweden's fashion giant H and M has been given a green light to set up shop on the Champs-Elysees, despite an outcry over global chain stores taking over the famed avenue, city officials said Friday.
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.
The DAX top-30 index .GDAXI looked set to open 0.6 percent lower on Tuesday, according to pre-market data from brokers at 0620 GMT.
Pushpa Bhatia is in a dilemma as she scans the glittering gold offerings laid out on a showcase at a fancy jewellery store in the Indian capital.
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.
Gold prices have surged this week as the precious metal profits from its status as a safe haven in times of economic turmoil.
Italian fashion designer Prada still has its sights on a public offering when market turmoil subsides, its chief executive Patrizio Bertelli said on Thursday, according to a spokesman.
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.
Fashion retailer and wholesaler French Connection on Friday posted a larger first-half loss citing a "significant downturn" in its core markets, sending its shares down more than 3 percent.
First-half profit collapsed at Johnson Service Group due to one-off costs and tough trading conditions but the dry cleaning group ruled out disposals and said the full-year outlook was satisfactory.
