Armed robbers pulled off one of the world's biggest jewellery heists at a famed Paris store, making off with diamonds and valuables worth 80 million euros (102 million dollars), investigators said Friday, December 5th.
U.S. consumers struggling with recession were willing to shop more for clothes in November because of extreme discounting and colder weather after months of avoiding apparel purchases. Even though same-store apparel sales fell by 10.
U.S. women's apparel retailer filed for bankruptcy protection on Tuesday, December 2nd and said it plans to liquidate, becoming the latest retailer to succumb to the credit crisis and downturn in consumer spending.
Retailers that offer good value or the hottest products should come out on top this holiday season, while those that need deep discounts to lure shoppers could see earnings pressured, analysts said on Monday.
U.S. apparel retailers Western Warehouse and Boot Town, which sell everything from Stetson cowboy hats to ostrich-skin boots, will begin going-out-of business sales at its 78 remaining stores next week, parent company BTWW said on Tuesday.
Charming Shoppes Inc , a retailer of women's plus-size apparel, posted a quarterly loss that was narrower than market estimates, helped by higher sales and margin in October, and forecast fourth-quarter revenue above market view, sending its shares up as much as 92 percent.