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.
The head of Wal-Mart Stores Inc said on Wednesday 15 April there remained a "lot of stress" in the economy and he did not anticipate a quick end to the recession.
General Growth Properties Inc's loan on the Grand Canal Shoppes in Las Vegas has been transferred to a special servicer after it failed to get an extension for the loan, which matures next month.
American Group Neiman Marcus, owned by private equity firms Warburg Pincus LLC and TPG Inc., announced on Tuesday 7 April the elimination of 130 jobs in its eponymous chain of luxury stores.
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.
Mexican actress Salma Hayek and French businessman Francois-Henri Pinault married at the weekend in Paris, a local official said Monday.
Barneys New York Inc's owner, Dubai's Istithmar World PJSC, may sell the U.S. luxury retailer less than two years after buying it as the fund struggles with losses and the luxury market slows, Bloomberg reported, citing two people familiar with the situation.
Despite U.S. retailers' parade of deep discounts and limited-time deals, the average consumer has completed much less holiday shopping by this point in the season than in previous years, according to a survey released on Tuesday, December 16th by the National Retail Federation
Upscale department store Neiman Marcus posted a sharply lower quarterly profit on Wednesday as its affluent shoppers, facing a deep economic downturn, scaled back their spending. The results from Neiman, which also reported a 14.
A self-portrait by British supermodel Kate Moss, drawn with lipstick and marked with her lip prints, was picked up by a private buyer Saturday for 33,600 pounds (42,400 euros, 61,800 dollars), after failing to sell at auction.
J.C. Penney Co Inc, Kohl's Corp and American Eagle Outfitters posted lower August sales at stores open at least a year on weaker back-to-school spending, but the declines were not as steep as Wall Street feared.
