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.
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.
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.
Tiffany has announced the possible closure of sixteen Iridesse stores. The chain of pearl specialists was founded in 2004 but has not seen high sales figures in recent years, a shortcoming which has been exacerbated by the economic crisis.
To the four corners of the fashion world they have become the eye-catching part of a feminine silhouette. Today, Louboutin boutiques can be seen almost throughout the world. The last to date – in Sao Paolo – is also the first in Latin America.
Rising unemployment and tight credit are taking a mounting toll on U.S. companies catering to consumers, with more than 300 such companies now under credit stress, Standard & Poor's said on Monday March 16.
Upscale retailer Neiman Marcus posted a quarterly loss on Wednesday March 18th, as sales suffered through the holiday season, and said it would be conservative in its outlook until consumer spending improves.