
Russia turned the gas taps back on this week but the damage inflicted on central and eastern Europe will linger for months, adding to the pain the global economic downturn was already causing."We suffered two consec...
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Russia turned the gas taps back on this week but the damage inflicted on central and eastern Europe will linger for months, adding to the pain the global economic downturn was already causing."We suffered two consec...
Recession shockwaves are swamping China's main coastal export zones and spreading, pushing a fragmented and once fast-growing retail sector to consolidate as sales and profit margins shrink. Global giants such as Wal-...
Tiffany & Co cut its profit forecast again on Wednesday after sales over the holiday season fell 21 percent as the weak economy dealt a hard blow to the upscale jeweler, sending its shares down nearly 7 percent.
U.S. retailers experienced a dismal December, as a year-long recession and winter storms kept many potential shoppers at home, according to data released on Wednesday by SpendingPulse.
Laura Ashley Holdings Plc , the British fashion and homewares retailer, on Friday reported a sharp fall in underlying sales, blaming the difficult economic climate, and said the outlook was "challenging".
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...
Fashion retailer Hennes & Mauritz on Monday posted a larger-than-expected 4 percent year-on-year fall in sales at established stores in November.This was well below the average 2.
Consumers made repeat trips to U.S. stores and spent more on bargains this holiday weekend, but the early rush is unlikely to save retailers from a bleak sales season, analysts said on Sunday.
Sales of apparel, shoes and appliances fell dramatically in the first two weeks of November, as consumers worried about a recession and job losses further cut spending, MasterCard Advisors said in a report.
Watchmaker Fossil Inc posted better-than-expected quarterly results, but cut its fourth-quarter earnings outlook to reflect a weaker economy and pressure from the strengthening U.S. dollar, sending its shares down 6 p...