Online spending rose 14.2 percent on the year in December, outperforming the wider retail industry but slowing from earlier in 2008 and suggesting the sector is not immune to economic downturn, a survey found.
Associated British Foods Plc said on Thursday that its Primark retail chain's like-for-like sales rose about 4 percent in its first-quarter over Christmas as trading beat its own expectations despite the economic slowdown.
Regional department store chain Gottschalks Inc (GOTT.PK) said on Wednesday it filed to reorganize under bankruptcy protection, while apparel chain Goody's LLC plans to liquidate its remaining 282 stores in a return to Chapter 11.
SAC Capital Advisors LLC, the hedge fund firm run by billionaire trader Steve Cohen, slashed holdings in a number of retailers and small pharmaceutical companies at the end of last year, recent regulatory filings show.
Upscale retailer Neiman Marcus Group Inc NMRCUS.UL is inviting some of its best and loyal customers to special trunk shows or meetings with designers in hopes they will buy new fashion items at full price.
Genesco Inc (GCO.N) forecast bleak same-store sales for the fourth quarter due to deteriorating retail trends across all its segments, including its Underground Station stores and Johnston & Murphy stores.
Shoppers spent more in the opening days of France's winter sales than last year as retailers offered bigger discounts to shift stock after a lacklustre Christmas period, retail associations said on Monday.
Japan's Fast Retailing Co (9983.T) booked a 46 percent gain in first-quarter profit and lifted its annual forecast, bucking an industry downturn as cost-conscious consumers sought out its Uniqlo casual clothing chain.