China's retail sales rose 8.8 percent in July from a year earlier, below an expected 9.1 percent and down from 9.0 percent in June, in a further sign of softening demand in the world's second-largest economy.
Urban Outfitters, American Eagle Outfitters and other retailers are filling stores with styles from the 1990s in a bet that fanny packs, chunky-soled sneakers and high-waisted “mom jeans” will lift back-to-school sales.
The pensions of 9,000 employees of collapsed UK retail chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm's 'BHS2' scheme covering 800 million pounds of liabilities.
Britain's economy picked up some speed in the second quarter after a sharp winter slowdown in early 2018 but lost momentum in June, underlining its stuttering performance ahead of Brexit in less than eight months' time.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.
German-owned discount supermarket Aldi Inc is rolling out scores of new products in the United States, in an aggressive push to expand in the country even as rivals are struggling in a drawn-out price war.