Macy's, Saks see sales gains as shoppers trade up
Department store chains Macy's Inc and Saks Inc both expect sales gains this year, helped by improving incomes for both the middle-class and well-to-do who shopped a little more during...
Today's News
Wal-Mart holiday price cuts hit profits
Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit and it plans to trim prices further in the coming months, a move that is expected to keep shrinking margins. The company's...
Wal-Mart to take majority stake in China e-commerce firm
Wal-Mart Stores Inc said on Monday it is taking a controlling stake in Chinese e-commerce firm Yihaodian, as the world's largest retailer seeks new revenue sources to fend off rising...
Spain clothes chain Mango expands to Sri Lanka
Spanish high-street clothing chain Mango has opened its first store in Sri Lanka, expanding its worldwide presence to a total of 106 countries.
Talbots gets $75 mln loan from Wells Fargo
Women's apparel chain Talbots Inc , which last month opened its books to a private equity firm, said it secured a new term loan and an amendment to its credit facility.
S.Korea Jan department store sales fall 4.1 pct y/y
Sales at South Korea's top department stores fell by the most in three years in January, data on Thursday showed, adding to gloom in Asia's fourth-largest economy, which has also recorded...
US retail sales pick up in January
US retail sales geared up in January as consumers flocked to stores and restaurants amid unseasonably warm weather in large areas of the country.
S&P assigns Claire's Stores notes rating
Standard & Poor's Ratings Services said today that it assigned its 'B' issue-level rating to the company's $400 million senior secured first-lien notes. According to the company, Claire's...
H&M January same-store sales rise 3 pct
World no.2 fashion retailer Hennes & Mauritz said on Wednesday sales at its established stores grew in January for a second consecutive month, by 3 percent in local currencies.
JC Penney told to fire Ellen DeGeneres by anti-gay group
Following the appointment of the American talk show host as its new spokesperson, JC Penney provoked the rage of a conservative group which accused it of offending traditional families....
Amazon tests e-commerce waters in India
US online retail giant Amazon has made its first foray into India with launch of a shopping website, Junglee.com, as it tests the waters for a possible full entry into the nation's...
Taubman quarterly earnings surpass estimates
Taubman Centers Inc reported a drop in quarterly earnings, but they easily beat Wall Street's estimate as sales at its luxury malls grew a 14.2 percent, and rents and occupancy rates...
Gap shares a value play despite drab sales
For all the questions over whether Gap Inc can turn around its business after years of disappointing sales, it might still be a good retail stock to bet on this year.
SuperGroup sales growth slows in January
SuperGroup, the British company behind the Superdry fashion brand, forecast year profit towards the lower end of market expectations after sales growth at its stores slowed in January.
Tesco prepares for $500 mln Thai property IPO
Tesco plc, Britain's biggest retailer, started pre-marketing on Monday for an initial public share offer to raise about $500 by bundling some of its shopping centres in Thailand into a...