Rising costs and depressed demand could reshape Britain's retail industry over the next 10 years, with bankruptcies and job losses set to rise as companies struggle to adapt, a report showed on Friday.
Retail sales slumped in June at the sharpest rate on record, official figures showed on Thursday, more than wiping out May's record rise and dragging three-month growth down to its weakest since late last year.
Weekly sales at John Lewis JLP.UL department stores surged 5.9 percent compared with the same period last year, reversing four weeks of falls as cash-strapped shoppers flocked to its summer clearance sale.
Macy's Inc is "financially healthy" in spite of the declining value of its share price, Chief Executive Terry Lundgren wrote in a letter to executives on Friday. Macy's sales at stores open at least a year were down 1.
Internet auction giant eBay cannot be held liable for trademark infringement for counterfeit items sold through its website, a US judge ruled Monday 14th of July in a case brought by luxury retailer Tiffany.
Summer weather, aggressive promotions and tax rebates sent many U.S. consumers shopping in June, giving retailers struggling in the weak economy their strongest month in more than a year. About two-thirds of U.S.
U.S. retailers, led by the discounters, are expected to post slightly better June same- store sales this week, thanks to seasonal weather and rebate checks that have made their way to cash registers, mostly for basic items such as gasoline and food.
Online fashion retailer ASOS shrugged off the consumer downturn, posting a steep rise in annual profit and a near doubling in first-quarter sales as it benefits from the growing popularity of Internet shopping.
From selling leather-trimmed pipes to US soldiers in Paris in the wake of World War II to making some of the hottest fashion bags on the market, France's Longchamp turns 60 bent on joining the "It" crowd of luxury handbag makers.
A French court ordered eBay to pay 38.6 million euros (30.6 million pounds) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.
A French court on Monday June 30th ordered online auctioneer eBay to pay nearly 40 million euros in damages to Louis Vuitton for selling fake luxury goods, in a ruling cheered as a victory for copyright protection.
Some commercial real estate sectors could be in for dark days if housing values continue to fall and the U.S. economy deteriorates, the head of commercial real estate for Marathon Asset Management said on Monday.