Walmart Inc increased its annual U.S. same-store sales forecast after beating analysts' estimates on Tuesday, as shoppers coming out of lockdown bought more clothes, travel gear and back-to-school merchandise.
Finance minister Rishi Sunak ploughed more money into Britain's 200 billion-pound economic rescue on Thursday in a coordinated move with the Bank of England, which will buy more of the bonds being sold to fund it.
Nordstrom's new store, located a few blocks from Central Park, marks the 118-year-old company's first flagship offering in the nation's biggest retail market and aims to reboot a format that has been fading.
Having upped its 2018 outlook for US retail from “stable” to “positive”, Moody’s has done the same for the country’s apparel and footwear industry, citing higher-than-expected earnings growth in the sector.
Moody’s on Monday said the withdrawal of a duty-free trading access by the European Union for Cambodia over the Southeast Asian nation’s human rights record would have a negative effect on European investments.
Sears Holdings Corp said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a nearly 12 percent drop in quarterly comparable-store sales.