Weekly sales at John Lewis JLP.UL department stores surged 5.9 percent compared with the same period last year, reversing four weeks of falls as cash-strapped shoppers flocked to its summer clearance sale.
Macy's Inc is "financially healthy" in spite of the declining value of its share price, Chief Executive Terry Lundgren wrote in a letter to executives on Friday. Macy's sales at stores open at least a year were down 1.
When Omega first kept time at the 1932 Olympic Games in Los Angeles, it had one technician and 30 stopwatches. For the 1936 Games, watchmaker Paul-Louis Guignard took one suitcase with 185 chronographs to Berlin.
Summer weather, aggressive promotions and tax rebates sent many U.S. consumers shopping in June, giving retailers struggling in the weak economy their strongest month in more than a year. About two-thirds of U.S.
Wolverine World Wide Inc reported a higher-than-expected quarterly profit on Wednesday, citing leaner inventories, but its 2008 outlook disappointed investors, who sent the shoe maker's shares down as much as 11.6 percent.
A U.S. trade court on Thursday rejected an importer's claim that differing tariff rates for men's gloves amounted to unconstitutional sex discrimination, in a case closely watched by the fashion industry. The U.S.