Topshop in France: speculation resurfaces…
The highly anticipated British brand has provoked rumours of its arrival in France to resurface by hiring a French press agency. After previous failed attempts and the launch of Topshop...
Retail
John Lewis sales rise as rain keeps falling
Britain's biggest department store chain John Lewis posted another double-digit rise in sales last week as the nation's wet weather proved favourable for its key household goods business.
Consumer morale takes a knock
Consumer morale in Britain worsened in April as people became more worried about the availability of jobs and shied away from buying big-ticket items like cars, a survey by lender...
Nordstrom takes hit on e-commerce expenses
Retailer Nordstrom Inc reported a quarterly profit below Wall Street's expectations after pouring tens of millions of dollars into its e-commerce business, and said it would spend more on...
Kohl's profit, margins slip on price cuts
Mid-tier department store chain Kohl's Corp reported a 23 percent drop in first-quarter profit as its gross margin was hit by price cuts designed to lure back shoppers.
Sainsbury profit climbs in tough UK market
J Sainsbury, Britain's No.3 grocer, posted annual profit towards the top end of expectations as it lured cash-strapped shoppers to its cheaper own-brand ranges and tapped into growth...
Weaker retail sales, jobs surveys raise risk of longer slump
British retail sales posted their biggest fall in more than a year last month and growth in the number of people placed in permanent jobs in Britain slowed, raising the risk of another...
The global department store summit unveils finalists up for its award
The global department store summit, which will be held on 10th and 11th May in Paris, will be the setting for the awarding of its department store of the year trophy. The three finalists...
Macy's outlook disappoints, shares drop
Macy's Inc kept its full-year profit forecast despite reporting better-than-expected first-quarter earnings on Wednesday, sending the retailer's shares down 4 percent.
Germany's Metro to double China stores in 3-4 years
Germany's Metro plans to double the number of its stores in China to more than 100 over the next three to four years to grab a bigger share of the country's growing retail market, China...
Penta, Eastbridge raise bid for retailer EM&F again
Czech private equity group Penta Investments and fund Eastbridge sweetened their bid for Polish retailer Empik Media & Fashion for the second time in two weeks on Tuesday, hoping to quash...
New Sycamore bid disappoints Talbots investors
Sycamore Partners marginally raised its bid for Talbots Inc to $214.6 million, disappointing investors looking for a more substantial offer that could ensure the sale of the struggling...
Barneys gets new owner in debt-for-equity deal
Barneys New York Inc has struck a deal with Perry Capital that will significantly reduce the luxury chain's large debt load and turn the hedge fund into its majority owner, Women's Wear...
Sycamore raises Talbots offer to about $215 million
Women's apparel retailer Talbots Inc, which had opened its books to Sycamore Partners in January, received a raised takeover offer of $214.6 million from the private equity firm.
CalSTRS says Wal-Mart top leadership in question
The second-largest U.S. public pension fund said that allegations of bribery in Mexico and a cover-up by top management at Wal-Mart Stores Inc raise the question of whether top leadership...