Upscale department store chain Nordstrom Inc posted on Thursday 14 May a 32 percent drop in quarterly net profit that was above Wall Street's estimates and raised its 2009 profit outlook, sending its shares up nearly 4 percent.
As the impact of the global recession weighs in on wealthy Americans, high-end retailer Barneys New York Inc aims to close two of its seven department stores, the Wall Street Journal said, citing people familiar with the matter.
Wal-Mart, the world's top retailer, said on Wednesday 6 May it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.
Around 7 million metres squared worth of new shopping centres or expansions to existent ones in Europe have been cancelled because of the economic crisis, shown in a study by the agency Cushman & Wakefield on Tuesday 21 April.
U.S. online auctioneer eBay Inc won final approval from South Korea's antitrust watchdog for its planned acquisition of Gmarket Inc, subject to conditions such as a commission freeze for the next three years.
Major U.S. retailers likely ended March with lackluster sales as consumers put off Easter and spring purchases until April. Overall, March same-store sales are expected to have fallen 1 percent - or a steeper 5..3 percent excluding Wal-Mart Stores Inc.
The International Council of Shopping Centres (ICSC) announced on Tuesday March 31 that shopping centre sales in the USA have increased by 1.1% for the week ending March 28 as compared to the week previous.
Sales at Pantaloon Retail (India) Ltd, India's largest listed retailer, rose 31.25 percent in February from a year earlier, the company's website showed on Friday March 13. Total sales for the month stood at 5.
A year and a half after introducing its MoneyCard, Wal-Mart Stores Inc is slashing the price of the reloadable, prepaid Visa debit card to $3 from almost $9, aiming to attract shoppers who may have grown wary of the pitfalls of credit card use.