Tiffany & Co. lowered its fiscal-year sales and profit forecasts on Thursday, citing slowing economic growth in many countries and weakness in its home U.S. market, while rival Signet Jewelers also issued a disappointing forecast.
New Zealand unveiled its toughest budget in 20 years on Thursday, with no spending increase and moves to increase the tax take in the struggling economy, as it laid out a return to a budget surplus by 2015.
Wednesday, 23 May 2012 | Source: The New York Times
Uniqlo, the Japanese basics brand, is starting aggressive growth plans at shopping malls that are expected to include 20 to 30 new stores a year over the next eight years.
British retail sales fell at their fastest monthly pace in more than two years in April, after a record drop in fuel sales and a weather-related drop in clothing sales, official data showed on Wednesday.
Myer, Australia's largest department store chain, cut its profit guidance for the year after posting a 2.1 percent decline in same-store sales in its fiscal third quarter as consumers stuck to their frugal shopping habits.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Online spending may be increasing but the venerable catalog is doing anything but fading away. In fact, it is still an important part of business for retailers.
Best Buy reported better-than-expected quarterly results, boosted by a lower tax rate and an extra week compared with a year earlier, as the world's largest consumer electronics chain closes stores and searches for a new chief executive.
U.S. retailers believe there is life left in their brick-and-mortar stores and they're trying new ways of making them more inviting by pampering customers — both the two- and four-legged kinds.
The world's biggest retailer reported improved quarterly earnings and revenue on Thursday, topping Wall Street analysts' targets, as its Wal-Mart U.S. division showed a 2.6 percent rise in sales at stores open at least a year.
Headlines about Wal-Mart Stores' better-than-expected earnings mean that, at least for now, Wall Street isn't so concerned about bribery allegations in Mexico and impending investigations... Read More
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