U.S. private equity firm TPG plans to list Myer, Australia's largest department store chain, on the local stock exchange this year in a deal that could be worth up to $2.6 billion and test the market's faith in recovery.
John Lewis, the employee-owned group viewed as a barometer of UK retailing, posted a small rise in weekly department store sales against a tough comparable number last year, adding to signs of a consumer recovery.
Wal-Mart de Mexico plans to relaunch its Mexican bank in coming months, using its thousands of store cashiers to take deposits, in a bid to gain a foothold in an industry dominated by Citigroup and Spain's BBVA.
Creditor banks of Arcandor have launched a placing of its 43.9 percent stake in travel firm Thomas Cook Group PLC, currently held as collateral against a loan taken out by the insolvent German retailer.
Men's Wearhouse reported a quarterly profit that beat market estimates, helped by lower expenses, but forecast weak third-quarter earnings, sending the apparel retailer's shares down as much as 6 percent in after-market trade.