Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise.
Finance minister Rishi Sunak ploughed more money into Britain's 200 billion-pound economic rescue on Thursday in a coordinated move with the Bank of England, which will buy more of the bonds being sold to fund it.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
UK retailers received more bad news on Thursday as credit ratings agency Moody’s downgraded Debenhams’ credit rating from ‘stable’ to ‘negative’ and revealed concerns over New Look’s new restructuring deal.
As US retail and apparel companies emerge from their worst year since the Great Recession, many will be happy to put 2017 behind as 2018 will be brighter overall, says a new report by Moody's Investors Service.
Steinhoff shares plunged another 50 percent on Friday, before recovering as traders booked profits on short positions taken out after the South African retailer disclosed accounting irregularities earlier this week.