The American distribution giant Wal-Mart announced on Friday 27 March the closure of a laboratory which makes spectacles in Ohio, causing the loss of 650 jobs.
Aeropostale Inc opened its first international store in Dubai and said it plans to open more than 20 stores in the Middle East.
Marks & Spencer (MKS.L) has shown it can sort out self-inflicted problems and come up with steps to mitigate the recession, but the jury remains out on whether more radical surgery is needed for a lasting recovery.
U.S. regional department store chain Gottschalks will be liquidated after it failed to attract a buyer willing to operate the company as a going concern.
Italian jeweller Damiani is set to open a flagship store in London after launching a boutique in Panama, the company said on Monday March 30.
Japan is in recession and consumers are tightening their belts, but Fast Retailing is bucking the retail downturn and enjoying strong sales at its Uniqlo casual clothing store chain.
John Lewis Partnership JLP.UL, the employee-owned group seen as a barometer of retail spending, on Friday blamed the earlier fall of Easter last year and sunny weather for a sharp fall in sales.
Thai authorities destroyed more than 45 million dollars' worth of counterfeit goods on Friday March 27, in a bid to demonstrate the government's strong stance on fake merchandise.
Athletic shoe and clothing retailer Finish Line Inc reported a better-than-expected quarterly profit before special items on Friday March 27, helped by lighter inventories and cost cuts.
Credit Suisse initiated coverage of footwear retailer Deckers Outdoor Corp with an "underperform" rating, saying the company's flagship Ugg brand was nearing saturation.
Cypriot police said on Friday March 27 they have captured a suspected jewel thief, believed to be a member of the notorious "Pink Panther" gang, as he tried to leave the country on a fake passport.
Retail sales plunged in February, posting the lowest annual growth rate in more than a decade, as heavy snowy and economic gloom kept consumers away from the shops, official data showed on Thursday March 26.
New Zealand clothing retailer Hallenstein Glasson Ltd. on Friday March 27 reported a 41 percent fall in first half net profit due to weak trading and tighter margins.
After a few years of wavering, Selective Beauty needs a really thorough spring clean to come out on top, and to show real strength both “financially and organizationally”. The company announced that it had gone into receivership with the commercial tribunal of Bobigny.
It’s in the shopping centre Takashimaya, one of Singapore’s most popular shopping destinations, that the English cosmetics brand Jo Malone has chosen to reside : a cosy shop-in-a-shop which is part of the Asia-Pacific expansion plan presented last trimester.
