Wal-Mart Stores Inc is expanding an offering of cut-price mobile services nationwide, putting further pressure on rivals such as Leap Wireless International Inc and MetroPCS.
Atmosphere’s has announced an increase of 4% in visitor numbers compared to the March 2009 edition of the trade show with a similar rise seen at The Box.
U.S. retailers raised their hiring in August to the highest level since December 2008, a research group said, indicating a slow but steady recovery in employment in the sector.
Otto Beisheim Group separated its 18.5 percent stake in Metro from an investor pool as of Oct. 1 without reducing its investment in the world's fourth-largest retailer, Metro said.
Wal-Mart Stores Inc, the world's biggest retailer, sees a slow recovery from challenging U.S. business conditions, while its Asia operations are "a little better," its Chairman Rob Walton said.
Big 5 Sporting Goods Corp said it expects third-quarter earnings to be at or near the upper end of its previous forecast, helped by tight expense management and improved merchandise margins.
The 2009 U.S. holiday season is likely to be "a lot better" than last year, with sales rising about 1 percent to 2 percent, according to research from the International Council of Shopping Centers.
U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum.
Italian department store chain Gruppo Coin has seen a significant growth in sales from the first days of September, Coin said in a statement on its first half results.
The mail-order division of insolvent German retailer Arcandor is likely to be sold in October, a spokesman for the administrator said, confirming a report that a sale was on the cards in the coming weeks.
Otto Beisheim Group said it was quitting an investor pact in German retailer Metro to be freer about what to do with its 18.5 percent stake but would remain a major shareholder.
Wal-Mart Stores Inc is expecting a "late Christmas" as consumers continue to carefully manage spending, CEO Mike Duke said at an investor conference.
French supermarket group Carrefour, the world's No. 2 retailer after U.S. Wal-Mart, is looking at different opportunities to expand in Russia, including acquisitions.
Two Wal-Mart China employees were detained in southern China following the death of a customer, whom employees followed and pushed to the ground after suspecting her of shoplifting.
German retailer Arcandor's insolvency administrator denied a report that a date had been fixed for the start of the sale process for department store unit Karstadt.
