U.S. consumer confidence rose in April to its highest this year with some expectations the economic downturn may be reaching a bottom. The Conference Board's sentiment index climbed to 39.2 this month from an upwardly revised 26.9 in March.
Employees of the PPR group rallied together for the first time to protest a restructuration plan, an “historic” action according to the unions whereas the management of Fnac and Conforama picked up on the low number of strikers.
Japan's second-largest retailer Aeon Co Ltd will shut 100 casual women's clothing shops in fiscal 2009, the Nikkei business daily said. Additionally, Blue Grass Co and Cox Co have also announced plans to close stores and cut back store expansion plans.
Consumer goods exporter Li & Fung Ltd, which manages supply chains for retailers such as Wal-Mart Stores Inc and Target Corp. expects to sign more outsourcing deals as cash-strapped retailers in the USA look to cut costs.
Bobbi Brown has points of sale criss-crossing the USA, Europe and even Asia, but until now not a single one dedicated to its products alone. The brand will soon be opening a new boutique though in Paris.
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.
Demand for affordable designer clothes, such as a 60 pound ($87) leopardskin print dress by Julien Macdonald, helped retailer Debenhams beat first-half profit forecasts and eased fears about its debts.
Exports of Swiss watches fell for a fifth month in row in March, with sales in the key markets of Hong Kong and the United States dropping fast as spending on luxury items shrank, data showed on Thursday 23 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.
Diageo Plc, the world's biggest spirits group, would love to get its hands on Hennessy and Moet & Chandon, respectively the globe's best selling cognac and champagne, but the idea may need time to mature into a deal.