John Lewis, the employee-owned group seen as a barometer of British retailing, posted a 20 percent fall in first-half profit and said although its second-half had started well it expected a tough 2010.
Swedish fashion giant Hennes & Mauritz, the world's No.3 clothing retailer, said that it aims to raise its Greater China store count by nearly 30 percent by year end as part of a broader push into Asia.
The first international convention of children’s rights was established twenty years ago. To celebrate its twentieth anniversary, Vertbaudet has teamed up with Unicef to create a t-shirt called “Children’s Rights” as well as two styles of children’s toys.
Real estate broker Jones Lang LaSalle is to sell the Silverburn shopping mall in Glasgow, Scotland, in a deal that may spark the mass transfer of distressed assets to the UK commercial property market.
John Lewis, the employee-owned group viewed as a barometer of UK retailing, posted a small rise in weekly department store sales against a tough comparable number last year, adding to signs of a consumer recovery.
U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on results in the key back-to-school season.