The tides may have turned since the depths of the Great Recession, but shopping has not rebounded back entirely. This year, it seems clear that while there was a distinct rebound, growth has decelerated and we have not returned to prerecession spending.
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Black Friday is a term co-opted by retailers to refer to the time of year when their business moves into the black, or turns a profit. Sears and Wal-Mart Stores Inc are even opening on Thanksgiving Day that Thursday.
Wal-Mart Stores Inc said it will match rivals' prices on "Black Friday," upping the ante in the battle to win sales on what is considered to be the kick-off to the U.S. holiday shopping season and a gauge of how overall holiday retail sales will shape up.
Lanvin and H&M presented a Haute Couture runway show in New York to celebrate the launch of their new collection, available from November 20 in the US and Canada, and November 23 in the rest of the world.
Despite the economic crisis Desigual is resolute to invest in foreign markets. The Spanish firm goes forward with 100 million euros it will deploy in new store openings in Europe, Asia and the United States in 2011.
Marks & Spencer chairman Stuart Rose sold over 400,000 pounds ($639,000) worth of shares on the same day chief executive Marc Bolland laid out a new strategy for the firm and presented his first set of results.
Amazon.com plans to buy the owner of online shopping sites Diapers.com and Soap.com for $500 million, the world's largest online retailer said on Monday, as it aims to sell more household items that need to be replenished