Fashion retail giant Hennes & Mauritz reported on Friday 15 May a slightly bigger than expected 8 percent year-on-year rise in sales at established stores in April as spring purchases finally took off.
Wal-Mart Stores Inc reported a flat quarterly profit that met Wall Street expectations on Thursday 14 May as the stronger U.S. dollar offset increased sales from shoppers seeking deals in its stores amid a global economic slowdown.
In order to help those living below the poverty line -- estimated at about 500,000 out of a population of 7.5 million -- Serbian authorities recently took up a trade union proposal to open shops with cheap basic goods.
After Alexander McQueen it’s now the turn of designer Anna Sui to participate in Target’s Designer Collaboration and, subsequently, to come up with a collection inspired by the four main characters of the series ‘Gossip Girl’ for the low price American chain.
Debenhams Plc, Britain's second-biggest department store group, is working on plans to raise up to 500 million pounds ($733 million) in a rights issue in the next few weeks to cut its 927 million pounds debt pile.
Japan's Fast Retailing said same-store sales at its casual-clothing stores chain Uniqlo and cut-price chain g.u. rose in April, with analysts expecting the company to comfortably meet its full-year forecasts.
Star French couturier Pierre Cardin, aged 86, is to be released from a hospital in this Mediterranean city after a 48-hour stay caused by high blood pressure, a source close to the designer said Wednesday 6 May.