Counselor to U.S. President Donald Trump Kellyanne Conway on Thursday promoted Ivanka Trump's clothing and jewellery line, further fuelling the debate of the President's potential conflict of interests.
British sporting goods company Sports Direct International is in talks to bid for Eastern Outfitters, the parent of U.S.discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, sources have revealed.
US discount footwear retailer Payless Inc is working with debt-restructuring attorneys to deal with its approximately $665 million (£546 million) in debt as foot traffic at its stores declines, according to sources.
Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Disappointing holiday-season sales at Macy's Inc and Kohl's Corp underscored the uphill task facing department stores to win back shoppers, who are increasingly turning to online retailers and spending less on apparel.