L’Oréal, celebrating its centenary on Thurday 4 June, has risen to the top of the global cosmetics markets through acquisitions and innovations, but the economic crisis could weaken a well-oiled strategy.
The hold-up perpetrated on Saturday 30 May at the Parisian jewellery store Chopard, Place Vendôme, is, with a haul of an estimated value of €6.6 million, one of the biggest jewellery heists recorded in France.
Hot Topic Inc posted a worse-than-expected 6.4 percent drop in May sales at stores open at least a year, hurt by lower transactions and a fall in average transaction amount, sending the mall and web-based retailer's shares down 8 percent.
Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.
Target Corp shareholders dealt a blow to activist investor William Ackman on Thursday 28 May, rejecting his slate of proposed directors and voting instead to keep four incumbents on the retailer's board.
Dollar Tree Inc shares touched a new year-high after the retailer posted a higher quarterly profit and raised its forecast for the year, buoyed by shoppers who headed to its stores for rock-bottom prices.
Abercrombie & Fitch Co's recent clearance activity with compelling discounts is leading to increased store traffic and sales, said FBR Capital Markets, while upgrading the apparel retailer a notch to "outperform".