Arcandor gives up hopes of finding anchor investor
Insolvent German tourism and retail group Arcandor said its had given up hopes of finding a new anchor shareholder and would focus on finding an investor for its department stores and its...
Retail
Mexico's same-store sales flat in July
Mexican retailers group ANTAD said its members' same-store sales were unchanged in July compared with the same month a year ago, supporting the view that a deep recession may almost be over.
Menswear retailer Trinity eyes $200 million Hong Kong IPO
Menswear retailer Trinity, controlled by the parent of Li & Fung, has revived a listing plan and aims to raise at least US$200 million in a Hong Kong IPO before the end of this year.
Macy's, Liz, Maidenform show thrift still in style
Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost cuts overshadowed lower sales, but mixed results from two of...
Macy's posts profit, raises full-year outlook
Department store operator Macy's Inc posted a lower quarterly profit, but raised its full-year profit outlook, sending shares up 2.8 percent in premarket trading.
S.Africa retail sales fall, economy under pressure
South Africa's retail sales fell by 6.7 percent year-on-year in June, showing demand remains depressed by a recession that has resulted in job losses across Africa's biggest economy.
Ackman alters Target stake, sticks with retailer
Less than three months after losing a bruising proxy battle with Target Corp, hedge fund manager William Ackman is signaling his intention to stick around.
Marrying fashion and technology
Joanne Stoner left a longstanding career in the fashion industry in the mid-90s to pursue a calling in the burgeoning world of high tech; it wasn't long before the former Saks Fifth...
TPG teams up in $213 mln China retail investment
Wumart Stores Inc said it will sell an 11 percent stake to U.S. private equity firm TPG and a Chinese investor for HK$1.65 billion ($213 million), the latest sign of foreign interest in...
Sears experiments with return to toy business
Sears stuck its toe back into the toy business, with 20 stores clearing space for kids to interact with the latest best-sellers and nostalgic throwbacks like tin tops.
Mexico peso, stocks fall on weak US wholesale data
Mexico's peso slipped by the most in four weeks and stocks fell after data showed that inventories at U.S. wholesalers fell for the 10th straight month in June, curbing hopes for a...
Pershing Square cuts stake in Target to 4.4 percent
Pershing Square Capital Management, whose manager William Ackman lost a heated proxy contest to elect new directors to Target Corp's board earlier this year, cut its ownership stake in...
U.S. second quarter online retail sales keep sliding
U.S. e-commerce sales fell 1 percent to $30.2 billion in the second quarter from the same period last year, and might not recover until the wider U.S. economy begins to improve, according...
July retail sales up year on year
Retail sales rose last month compared with a weak July last year, after changeable weather helped both seasonal clothing lines, food and homeware sales.
Aeon to buy Mitsubishi's TV shopping unit
Japan's second-largest retailer, Aeon Co Ltd, said it will buy Mitsubishi Corp's TV shopping unit as it seeks to expand beyond bricks-and-mortar stores.
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