Shops happen. Like viral online ad campaigns, temporary big brand outlets are sneaking up on European streets, filling vacancies opened by the credit crunch and building a buzz that's relatively cheap.
India's exports slid by a third in March, their sixth straight monthly fall, figures showed Friday, as the global financial slump gouged demand in the country's main US and European markets.Exports fell 33.3 percent to 11.
U.S. consumer confidence rose in April to its highest this year with some expectations the economic downturn may be reaching a bottom. The Conference Board's sentiment index climbed to 39.2 this month from an upwardly revised 26.9 in March.
Employees of the PPR group rallied together for the first time to protest a restructuration plan, an “historic” action according to the unions whereas the management of Fnac and Conforama picked up on the low number of strikers.
Consumer goods exporter Li & Fung Ltd, which manages supply chains for retailers such as Wal-Mart Stores Inc and Target Corp. expects to sign more outsourcing deals as cash-strapped retailers in the USA look to cut costs.
Japan's second-largest retailer Aeon Co Ltd will shut 100 casual women's clothing shops in fiscal 2009, the Nikkei business daily said. Additionally, Blue Grass Co and Cox Co have also announced plans to close stores and cut back store expansion plans.
Bobbi Brown has points of sale criss-crossing the USA, Europe and even Asia, but until now not a single one dedicated to its products alone. The brand will soon be opening a new boutique though in Paris.
Around 7 million metres squared worth of new shopping centres or expansions to existent ones in Europe have been cancelled because of the economic crisis, shown in a study by the agency Cushman & Wakefield on Tuesday 21 April.
Exports of Swiss watches fell for a fifth month in row in March, with sales in the key markets of Hong Kong and the United States dropping fast as spending on luxury items shrank, data showed on Thursday 23 April.