Wal-Mart surprised Wall Street on Thursday 9 April with a lower-than-expected rise in March sales while Target Corp posted a sales drop that was not as big as feared and said it is seeing "encouraging signs" in its business.
Fast Retailing reported 28.7 percent growth in operating profit for the six months ended in February, buoyed by robust sales at its Uniqlo casual clothing chain, and again lifted its operating profit forecast for the full year to August.
Fast Retailing, the Japanese owner of the brands Uniqlo, Comptoir des Cotonniers, Princesse Tam Tam and Theory and leading Japanese clothing group - plans to more than triple the number of its Uniqlo stores in Asia.
Polish retailer Vistula won a two-month reprieve from its bankers to continue talks about the repayment of 287 million zlotys ($81.4 million) of debt took on for a hostile takeover of jeweller W. Kruk, it said on Tuesday March 31.
Li & Fung, a leading global exporter and distributor, said on Wednesday March 25 its net profit for the second half of 2008 fell 41 percent, lagging analysts' forecasts, as it was hit by weak global markets and one-off costs.
Europe's biggest clothing retailer Inditex said on Wednesday March 25 it made a net profit of 1.253 billion euros ($1.71 billion), slightly higher than last year's figure and broadly in line with forecasts.