L’Oréal, celebrating its centenary on Thurday 4 June, has risen to the top of the global cosmetics markets through acquisitions and innovations, but the economic crisis could weaken a well-oiled strategy.
British department stores group Debenhams plans to raise over £300 million ($499 million) on Thursday 4 June in a placing and open offer of new shares, two sources familiar with the matter told Reuters on Wednesday 3 June.
The hold-up perpetrated on Saturday 30 May at the Parisian jewellery store Chopard, Place Vendôme, is, with a haul of an estimated value of €6.6 million, one of the biggest jewellery heists recorded in France.
Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.
As part of its strategy of “consolidating the management of the brand”, Tommy Hilfiger has taken control of its Turkish division, which consists of “thirty three boutiques and a selection of multibrands” the group explained.
Dollar Tree Inc shares touched a new year-high after the retailer posted a higher quarterly profit and raised its forecast for the year, buoyed by shoppers who headed to its stores for rock-bottom prices.
Abercrombie & Fitch Co's recent clearance activity with compelling discounts is leading to increased store traffic and sales, said FBR Capital Markets, while upgrading the apparel retailer a notch to "outperform".
Target Corp shareholders dealt a blow to activist investor William Ackman on Thursday 28 May, rejecting his slate of proposed directors and voting instead to keep four incumbents on the retailer's board.