U.S. e-commerce sales fell 1 percent to $30.2 billion in the second quarter from the same period last year, and might not recover until the wider U.S. economy begins to improve, according to new research data.
With the backdrop of the recession, luxury houses are taking another look at their strategies and habits. As a result, in October Givenchy will be launching a line which will cost less than its principal collection.
John Lewis, the employee-owned group viewed as a barometer of British retail spending, posted a third consecutive big rise in weekly sales at its department stores, boosted by the "staycation" phenomenon.
Bangladesh's exports surged 10.3 percent to $15.56 billion in the 2008/09 fiscal year that ended in June, the lowest growth in six years, reflecting falling demand as a result of the global economic slump.
General Growth Properties Inc, the large U.S. mall operator that filed for bankruptcy in April, reported a 2.1 percent decline in quarterly net operating income from its retail properties, citing weakness in the economy and falling occupancy rates.
Uniqlo ‘+J’ is the name that the Japanese label has come up with for its collection which was produced in association with Jil Sander for autumn-winter 2009. The collection will be available in Uniqlo’s network of boutiques across the world.