*Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...» Read More
Retailer J.C. Penney increased its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date, raising concerns among analysts as it works on a turnaround.
For the first time, Sports Illustrated has chosen a Target "Xhilaration" brand swimsuit for model Jessica Perez to wear in photos taken in Chile, reports CNBC's Courtney Reagan.
In the company's first designer collection after its Neiman Marcus collaboration disappointed analysts, Target has already sold out of several items online while also avoiding the website crashes that have plagued past successful launches.
CNBC's Courtney Reagan offers insight on her interview with JC Penney CEO Ron Johnson about the retailer's extreme makeover over the last year. Johnson remains confident for 2013. CNBC's Herb Greenberg; Rick Snyder, Maxim Group; and Jan Kniffen, Worldwide Enterprises, weigh in.
CNBC's Courtney Reagan talks to JC Penney CEO Ron Johnson about the tough year the company has had. Johnson says JC Penney will return to growth this year.
Pineapple tarts, red paper lanterns and delicacies such as abalone – just some examples of the traditional goods that China's shoppers snap up ahead of the Chinese New Year.
Last year, Nike paid $1.1 billion to clothe the NFL for the next five years. If it goes well, some analysts estimate it could mean half a billion in revenue for each of those five years. However, the first year has not been without hiccups.
Chris Wyllie, Chief Investment Officer at Iveagh, tells CNBC that in retail the people who are winning are those who have the right marriage between online and offline.
CNBC News Associate Katie Spencer tested "moisturizing jeans," which are currently only available in Europe. Katie did feel "a little bit softer" after wearing them. (1:46)
Keith McGregor, head of restructuring at Ernst and Young, tells CNBC that the retail sector is omitted from the survey because they successfully reset market expectations to expect lower earnings.
Carl Weinberg, chief economist at High Frequency Economics, tells CNBC that people in the high-end retail market have done very well.
British retailer Marks & Spencer reported a bigger-than-expected drop in non-food sales in the Christmas quarter after deciding to offer fewer discounts just as Debenhams and other rivals were offering more.
Australian retail sales were surprisingly soft in November as spending fell on clothes and household goods, a sign lower interest rates had yet to breathe life into the long-struggling bricks and mortar shopping sector.
Retailers should be buzzing right now with holiday gift card redemptions. But, there's early evidence retailers aren't getting much of a boost from gift cards this year, according to NBG Market Analyst Brian Sozzi.
Richard Perks, director of retail research at Mintel International, shares his views on the outlook for UK retailers in 2013 and what the key trends will be.
The latest batch of retail sales reports shed light on who the retail winners are right now.
Some of the biggest U.S. retailers reported December same store sales on Thursday, showing both hits and misses in a still unsteady economy.
Steve Sedgwick takes you through the UK retailer Next and where it is trading.
Nike says its second-quarter net income fell 18 percent as the European economy remained weak and growth slowed in China.
Retail stores are amidst the most critical time of year, and Christmas is just 7 days away. Stacey Widlitz, S.W. Retail Advisors; Burt Flickinger, Strategic Resource Insight Group; Jan Kniffen, Rogers Kniffen Worldwide CEO; and CNBC's Courtney Reagan discuss.