German retailer Metro on Wednesday 10 June denied a press report it was thinking about selling to an Italian investor the combined department store group it hopes to create with insolvent Arcandor's Karstadt chain.
Sales by chain-stores in the USA have increased, in the week ending the 9th of May, reversing for the first time the decline which started in December, indicated the International Council of Shopping Centres.
Upscale department store chain Nordstrom Inc posted on Thursday 14 May a 32 percent drop in quarterly net profit that was above Wall Street's estimates and raised its 2009 profit outlook, sending its shares up nearly 4 percent.
As the impact of the global recession weighs in on wealthy Americans, high-end retailer Barneys New York Inc aims to close two of its seven department stores, the Wall Street Journal said, citing people familiar with the matter.
Wal-Mart, the world's top retailer, said on Wednesday 6 May it has launched a pilot program to open convenience stores in China, seeking to boost its presence in one of the world's fastest growing retail markets.