U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery.
Bellwether British retailer John Lewis posted another big rise in weekly sales at its department stores, adding to recent positive signs on consumer spending despite fears over a sluggish economic recovery.
General Growth Properties Inc's plan to exit bankruptcy is drawing skepticism from some unsecured creditors, who worry that it might not work and that Simon Property Group Inc could lose interest in a rival bid, a source close to creditors said.
Mid-tier department store operator Kohl's Corp reported a higher-than-expected fourth-quarter profit and forecast continued growth from its lucrative exclusive brands, sending its shares up 4.9 percent.
General Growth Properties Inc unveiled a bankruptcy exit plan bankrolled by Brookfield Asset Management that would split it in two, as suitors circled the second largest U.S. mall owner.
Brookfield Asset Management Inc's interest in bankrolling General Growth Properties Inc's independent exit from bankruptcy raises what may be a crucial question in the battle for the mall operator: Would creditors prefer stock or cash?
Luxury department store operator Saks Inc reported a narrower quarterly loss as cost-cutting, less discounting and strong results at its Manhattan flagship store helped mitigate still sluggish sales.
For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise.
Grupo Cortefiel will begin its expansion in the UK next spring, with three of its flagship brands, Cortefiel, Springfield and women’secret, as part of its global expansion plan.
Sears Holdings Corp posted quarterly profit at the high end of its own forecast, as lower costs helped blunt the impact of slightly weaker revenue, and its shares rose 2 percent.
Macy's Inc posted better-than-expected profit for its holiday quarter and forecast an improvement in same-store sales this year.
Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent.
A 507-carat diamond, one of the biggest ever found and worth an estimated $25 million, is expected to be sold after attracting more buying interest than expected, seller Petra Diamonds said.
Buoyant consumer confidence, abundant credit and strong year-end sales likely spurred a surge in fourth-quarter net profit for three major Brazilian retailers.
Associated British Foods Plc, the Primark fashion stores owner and Silver Spoon sugar refiner, said its half year adjusted earnings will show a substantial rise and see very good progress for the year.
