Nike Inc said on Friday March 20 it is reorganizing its global business to create six new geographical groups, part of an ongoing restructuring to bring goods closer to market and reduce management overlap.
Online market place PriceMinister, France's second-ranked e-commerce site behind eBay, said it was expanding into the UK as free listings and its clampdown on fake goods attracted rising numbers of buyers.
Off-priced retailer Ross Stores Inc posted a fourth-quarter profit on Thursday that matched Wall Street's expectations, as shoppers headed to its stores to buy fashion brands at bargain prices. Its shares rose 4%.
Children's Place Retail Stores Inc posted a fourth-quarter net profit, compared with a prior-year loss, helped by a drop in impairment charge and expenses, but said it would not give an earnings-per-share outlook at this time.
Retailers must offer value for money, though not necessarily the lowest prices, and dare to be different if they are to survive a deepening economic recession in Britain, according to top industry executives.
Thai exports fell 11.3 percent year-on-year in February but there were signs of recovery in some areas, the commerce ministry said Wednesday March 18.The data was not as bad as January, when exports were down 26.
Japan's second-largest retailer Aeon Co Ltd is marking down prices of 3,400 national brand items by 20 to 35 percent, extending a discounting wave as top stores chains seek to attract increasingly price-sensitive shoppers.
U.S. consumer prices rose in February on higher gasoline and apparel prices, government data showed on Wednesday March 11, calming fears of deflation for now. The Labor Department said its closely watched Consumer Price Index rose 0.
Twins arrested in January under suspicion of having robbed Berlin's best-known luxury department store have been freed after confusion over which one of them was the culprit, a court said Wednesday March 18.
Spanish retail sales plummeted by a calendar-adjusted 5.4 percent in January compared to a year earlier, the 14th straight month of falls, although the pace of contraction slackened from the previous month.