
Japan's largest retailer, Seven & I Holdings, cut its annual operating profit forecast by 12 percent as a sluggish economy and unfavourable summer weather depressed sales.
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Japan's largest retailer, Seven & I Holdings, cut its annual operating profit forecast by 12 percent as a sluggish economy and unfavourable summer weather depressed sales.
At least 10 miners were killed when a diamond mine in central Democratic Republic of Congo caved in, a local official said.
Israeli conglomerate Africa Israel Investments said on the completion of a deal to sell its 50 percent stake in the Gottex swimwear firm to its joint venture partners had been delayed.
Estee Lauder Cos Inc and Elizabeth Arden Inc forecast weaker-than-expected 2010 profits as frugal shoppers think twice before buying pricey face cream, lipstick and perfume.
Japan's second-largest retailer, Aeon Co Ltd, said it will buy Mitsubishi Corp's TV shopping unit as it seeks to expand beyond bricks-and-mortar stores.
When Wal-Mart Stores Inc reports second-quarter results next week, it will provide a much-awaited glimpse into the state of consumer spending as measured by the billions of dollars that flow through its cash registers...
If the strong earnings trend keeps up next week, black will be back in style on the balance sheets of more of the nation's retailers.
Clothing sales during France's period of summer discounts fell by three percent compared with the same time last year, the country's National Clothing Federation said.
Japan's second-largest retailer, Aeon Co Ltd posted a 62% drop in quarterly profit as a slide in consumer spending hit its supermarkets and its U.S. women's clothing unit Talbots.
Zimbabwe's gold mines are dusting themselves off after the unity government deregulated the industry, ending a two-decade state monopoly on buying the precious metal after years of plunging production.