PPR 2008 profit drops, to cut costs
French retail and luxury group PPR (PRTP.PA) did not give an outlook for 2009 but said it was to cut costs to boost competitiveness in the downturn, when posting a drop in fourth-quarter...
Retail
Truworths headline EPS up 16 pct
South Africa's biggest listed clothing retailer Truworths International Ltd (TRUJ.J) reported a 16 percent rise in interim headline EPS but forecast slower sales growth ahead given tough...
Wal-Mart slashing price on its prepaid MoneyCard
A year and a half after introducing its MoneyCard, Wal-Mart Stores Inc is slashing the price of the reloadable, prepaid Visa debit card to $3 from almost $9, aiming to attract shoppers...
Asia's shoppers go online as Internet barriers fall
From dresses, to handbags, diamonds and music downloads, consumers in Asia are taking to Internet shopping like never before as the region becomes one of the world's fastest growing...
Sports Direct on track to meet profit hopes
The nation's biggest sporting goods retailer, Sports Direct International (SPD.L) forecast full-year earnings in line with market hopes as it reported a 12 percent increase in...
Crisis-hit Indonesian malls have plenty of visitors, few sales
With opulent attractions from children's rides and slippery slides to faux-European boulevards, the massive malls of Indonesia's capital are attracting plenty of visitors -- but few buyers.
Tale of two cities in battle for jobs
Limerick's mayor John Gilligan has a warning for the Poles who last month scored a foreign investment coup at his city's expense: beware, you may suffer the same fate in a few years.
Wal-Mart CFO--Measure us vs competitors
Tracking Wal-Mart Stores Inc's performance could be a more complicated endeavor for investors this year, the chief financial officer of the world's biggest retailer said in an interview...
Wal-Mart cutting 700-800 jobs at its home offices
Wal-Mart Stores Inc is cutting 700 to 800 jobs at its Wal-Mart and Sam's Club home offices as the world's largest retailer looks to realign its corporate structure and reduce costs.
Tills fail to jingle at Dubai Shopping Festival
Ahmed, clad in an elegant black suit, smiles from behind a fine display of cosmetics at a department store in Dubai, but most shoppers glance quickly and dash away, with only a few...
Baugur's UK unit placed into administration
The British unit of Icelandic investment group Baugur, which owns stakes in a large number of UK high street retailers, was on Friday placed into administration.
John Lewis weekly dept store sales down 1.6 pct
John Lewis Partnership, the employee-owned group seen as a barometer of British retail spending, on Friday reported a 1.6 percent fall in weekly sales at its department stores.
Flashiness unstylish for wealthy this Valentine's Day
Flashiness is out and subdued celebration is in among wealthy Americans on Valentine's Day.
Talbots announces cost cuts, $200 mln loan
Talbots Inc said it got a $200 million loan and announced a cost-savings program on Thursday that includes closing stores and cutting jobs, sending shares up as much as 16 percent.
Brown Shoe to cut jobs; sees $27-$30 mln charge
Footwear retailer Brown Shoe Co Inc said it expects to cut 12 percent to 14 percent of its domestic work force, excluding stores and distribution centers, and take a charge of $27 million...