Clothing retailer Esprit Holdings (0330.HK) said consumers are still very conservative and it will cut the number of new stores planned for the current fiscal year to 50 from an earlier target of 60-80.
The bankruptcy of General Growth Properties has created a once-in-a-lifetime opportunity for suitors, but as they circle the No. 2 U.S. mall owner they are likely to find consummating a deal is not easy.
Seven & I Holdings said it aims to boost its revenue from China fivefold to about $4.5 billion over the next five years, as weak prospects in Japan prompt the country's retailers to seek growth in its fast growing Asian neighbour.
As the economic funk bears down on consumers, the upscale jeweler is finding more jewelry lovers trying to bargain for lower prices in its stores, even though Tiffany has a firm stand that it will not cut prices of its products.
Retail sales values rose at their slowest annual pace last month since August, held back by food sales where a fall in inflation led to their weakest performance in more than two years, a survey showed.
Reversing last year's cut in VAT sales tax will not derail the consumer recovery, but any further increase would be a strain for shoppers, the finance director of Tesco, Britain's biggest retailer, said.
Tesco Plc, the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by a drop in food price inflation, but said a gradual consumer recovery remained on track.