The first Gap store in Thailand should open in summer 2010, a licensing agreement between the American group and the local distributor Armin indicated. This follows a new drop in sales for Gap Inc in June.
Almost three-quarters of some of the world's largest retailers expect the current economic downturn to impact their business for up to two more years, according to a survey from business advisory firm AlixPartners.
India's Future Group said private equity firm Fung Capital has agreed to invest $30 million in Future Logistics Solutions, its logistics and supply chain unit.
In a few years, a shopper looking for a T-shirt at Wal-Mart might check its tag not only to see its size or price, but also its "green" label. Wal-Mart Stores Inc announced plans for an index that will measure the social and environmental impact of its products
V&D, a Dutch department store chain partly owned by private equity firm Kohlberg Kravis Roberts & Co, reached an agreement with its union on a disputed wage deal.
Japan is back in deflation, and price falls look like gathering pace as shoppers’ bargain-hunting leads stores to cut prices further to weather the worst retail slump in decades.
Madeleine Schickedanz, the wealthy heiress behind Arcandor, blamed herself in part for the collapse of the German tourism and retail group and the loss of her fortune she told Sunday paper Bild am Sonntag.
With only 160 shopping days left, it's beginning to look a lot like Christmas in some stores. Some chains are trying to bring holiday spirit, and revenue, to the summer with "Christmas in July" promotions.
The European Commission is expected to decide in September whether to propose extending dumping duties on imports of leather shoes from China and Vietnam, but most EU states want them scrapped.
Recent initiatives by Bebe Stores Inc to jump start its business may not be enough for those who blame the retailer's recent sales slump on its relatively high prices and a limited focus on its core brand.
Eastern Europe's biggest market was a teeming, highly profitable emporium of contraband clothing which thrived on Moscow's outskirts for nearly two decades -- until Prime Minister Vladimir Putin suddenly shut it down.
British online retail sales growth picked up in June, but will slow in the second half of the year compared with the first, according to IMRG, the industry body for online retailers, and consultants Capgemini
German retailer Metro sees its domestic wholesale stores generating a profit this year as the company tries to halt five years of sliding sales and earnings at the division.
Shares in Arcandor are indicated 4.2% lower in pre-bourse trade after the retailer's insolvency lawyer, Horst Piepenburg, steps down citing a lack of support from major shareholder Sal Oppenheim.
The possible bankruptcy of lender CIT Group Inc comes at a bad time for manufacturers of clothing, shoes and other goods sold by retailers as they gear up for their busiest times of the year.
