Germany's Montblanc said on Tuesday 9 June it would open four boutiques in Saudi Arabia this year to target more of the watch and jewelry market among Gulf Arab clientele with an appetite for opulence.
Hot Topic Inc posted a worse-than-expected 6.4 percent drop in May sales at stores open at least a year, hurt by lower transactions and a fall in average transaction amount, sending the mall and web-based retailer's shares down 8 percent.
British department stores group Debenhams plans to raise over £300 million ($499 million) on Thursday 4 June in a placing and open offer of new shares, two sources familiar with the matter told Reuters on Wednesday 3 June.
Target Corp shareholders dealt a blow to activist investor William Ackman on Thursday 28 May, rejecting his slate of proposed directors and voting instead to keep four incumbents on the retailer's board.
One of the season's most high-profile proxy battles will culminate in an unfinished Target Corp store in Wisconsin next week as the retailer's shareholders decide whether to elect a slate of directors proposed by activist investor William Ackman.
The head of mall owner Taubman Centers Inc on Tuesday 19 May said he was not backing away from his company's identity as a luxury mall owner and operator, despite the hard knocks upscale retail sales have taken.