As US retail and apparel companies emerge from their worst year since the Great Recession, many will be happy to put 2017 behind as 2018 will be brighter overall, says a new report by Moody's Investors Service.
Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.
Moody's Investors Service has reported US retail remains stable, despite lower operating income expectations. While certain retailers have been hit hard, they account for a small part of the overall US retail landscape.
Dozens of U.S. and Canadian cities submitted proposals by the Oct. 19 deadline to host Amazon.com Inc’s second headquarters, which carries the promise of up to 50,000 high-paying jobs and $5 billion worth of investment.
Nike Inc's fight to claw back in an intensifying U.S. sneaker price war is still some way off bearing fruit, analysts said on Wednesday, a day after it reported its weakest quarterly sales growth in nearly seven years.
Target Corp has reported an increase in Q2 comp sales after four straight negative quarters, driven by improved online traffic and demand across all businesses except groceries. New brands have also done well.
The owners of shopping tax-refund firm Global Blue have held talks with investment banks over the past two days to choose advisers for a possible share sale next year, sources familiar with the matter told Reuters.
The 4th largest U.S. bank does a lucrative business with store-branded credit cards. But with more stores in jeopardy, analysts say Citigroup will suffer from the growing problems in brick-and-mortar retail.