U.S. consumer spending may have slowed, but the gloom already being cast over the impending holidays is overdone, retailers and clothing makers ranging from Best Buy Co Inc to Toys "R" Us to Perry Ellis International Inc said this week.
British supermodel Naomi Campbell was ordered Friday June 20th to do 200 hours of community service for assaulting two police officers trying to eject her from a plane after a foul-mouthed tirade over lost luggage.
LONDON (Reuters) -- Retail sales unexpectedly soared in May at their fastest monthly rate since the series began in 1986, driven by record sales of food and clothes, the Office for National Statistics said on Thursday.
The U.S. military has had "very, very preliminary" discussions about what to do with its Guantanamo Bay naval base if and when it shuts the prison that has come to define the once-sleepy fuelling station, the base commander said on Wednesday.
Swedish high-street clothing chain H&M reported a 13.6 percent rise in second quarter net profit Wednesday June 18th to 3.93 billion kronor (million dollars, 420 million euros), boosted by favourable exchange rates and strong sales in May.
The following are notable quotes from the Reuters 2008 Consumer and Retail Summit: IRA KALISH, DIRECTOR CONSUMER BUSINESS, DELOITTE RESEARCH "We will see M&A starting up again substantially when the credit crunch is over and that will be when the financial markets are convinced most of the bad assets have been fully accounted for.
Latin America's most important fashion event, the Sao Paulo Fashion Week, opened Tuesday June 17th with much attention on shows due to feature supermodels Naomi Campbell, Giselle Bundchen and Raquel Zimmerman.