Japan's second-largest retailer Aeon Co Ltd (8267.T) is likely to report a net loss of 10-20 billion yen ($110-$220 million) for the nine months ended in November, hurt by a writedown at its U.S. apparel unit Talbots (TLB.
U.S. retail shares traded lower on Friday following data showing the first decline in holiday sales in at least 40 years, though a handful of stores defied the trend. The Standard & Poor's Retail Index .RLX fell 0.
Italian retail sales dipped 0.3 percent in October after rising slightly in September, according to seasonally adjusted figures released on Tuesday December 24th by the national statistics agency ISTAT.They rose 0.
Russian state diamond miner Alrosa has secured a 44.2 billion rouble ($1.59 billion) loan from state-controlled bank VTB (VTBR.MM) which will allow it to redeem its short-term debt this year, VTB said on Friday.
France's Aeroports de Paris (ADP.PA) and Switzerland's The Nuance Group (TNG), a retailer partly owned by Stefanel (STEP.MI), gained permission from the European Commission on Monday to form a joint venture.
Unprecedented pre-Christmas discounting by the country's store groups is helping to improve consumer confidence, a survey showed on Friday, but retailers remain gloomy about their prospects heading into 2009.
The country's biggest sporting goods retailer Sports Direct posted a better-than-expected 7.4 percent increase in first-half underlying earnings and said it was on track to meet market expectations for the full-year.
Britain's biggest sporting goods retailer Sports Direct International Plc posted a better-than-expected 7.4 percent increase in first-half underlying earnings and said it was on track to meet market expectations for the full-year.