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 British Property Federation said some of its landlord members had agreed a plan to help retailers cut costs and meet quarterly rent payments after complaints the existing system was causing cash-flow problems.
Retailer Wensum Co Plc said on Monday April 6 it expected to report "significant" trading losses into the first half of the current year, citing substantial pressure on gross margins due to adverse exchange rate movements during the last months of 2008 and the first quarter of 2009.
The homages to Pharaonic Egypt, ice rinks and shark-filled aquariums in Dubai's many malls still attract crowds, but retail in the Gulf Arab boomtown is looking fragile as luxury-lovers turn into bargain-hunters.
Better to be small and independent than bigger and indistinguishable from others. Certainly for Aeffe, a company which manages the opening of boutiques for other brands; in particular in the Middle East where it has installed Love Moschino in Doha, the capital of Qatar.
A mutually released statement revealed that the bank BNP Paribas has sold its 37.1% stake it had held in the Groupe Galeries Lafayette to the Moulin family who now own 100% of the group. The exact total cost of the transaction has not been confirmed.
Against the backdrop of the tradeshow Baselworld, which will end on April 2, the global leader in horology has announced the purchase of its South African distributor Swiss Precision Ltd. The exact cost of the transaction is yet to be made public.
After New Delhi, Dubai, Macao and Cannes, Brioni has opened a flagship store in Zagreb, Croatia. 140 metres squared of luxury dedicated to their ladies’ collections and especially men’s wear, the label is popularly seen as the most prestigious brand for men’s fashion in the USA.