Wal-Mart made a $2.3 billion formal bid for control of Massmart, giving the world's largest retailer a substantial presence in South Africa and paving the way for further expansion across the fast-growing continent.
Italian fashion designer Giorgio Armani plans to tap the Chinese market with a new online store that opened Friday for Emporio Armani in one of the first such initiatives in China by a major fashion brand.
K-Swiss announces disappointing third quarter results showing a 12% lower turnover than the same period last year. This is partly a result of the 26% decrease in the Californian brand's international market sales.
Forget the turkey and the football -- if it's Thanksgiving, why aren't you shopping? U.S. retailers trying to squeeze every extra cent out of shoppers are opening for Thanksgiving on Thursday, trying to get a jump on the holiday shopping season.
The tides may have turned since the depths of the Great Recession, but shopping has not rebounded back entirely. This year, it seems clear that while there was a distinct rebound, growth has decelerated and we have not returned to prerecession spending.
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