Wal-Mart surprised Wall Street on Thursday 9 April with a lower-than-expected rise in March sales while Target Corp posted a sales drop that was not as big as feared and said it is seeing "encouraging signs" in its business.
U.S. retailers that cater to young people ended up at the bottom of the class in terms of March sales, but some of those chains exceeded Wall Street's expectations or set higher quarterly profit targets.
Teen-clothing retailer Hot Topic Inc posted a 7.1 percent rise in March same-store sales, riding on strong DVD sales of the popular teen vampire movie "Twilight," and raised its first-quarter earnings outlook.
Yoox Group – the Italian website for online sales of ready-to-wear clothes from major labels, which extended its activities to include design and website management for single-brand sites in 2006 – should soon be floated on the Milan Stock Exchange.
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.
Fast Retailing, the Japanese owner of the brands Uniqlo, Comptoir des Cotonniers, Princesse Tam Tam and Theory and leading Japanese clothing group - plans to more than triple the number of its Uniqlo stores in Asia.
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.
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.