A world away from the brightly coloured knitwear that made the family name, what had looked an inspired move into infrastructure by Italy’s Benettons faces increased scrutiny after this month’s Genoa bridge disaster.
Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.
Walmart posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online purchases showed it can hold its own against Amazon.
Stockmann reported better-than-expected second-quarter results on Thursday, thanks to increased sales at its fashion chain Lindex, but warned that its department stores would remain in the red in the full year.
South African fashion retailer Truworths International has created a chief operating officer position to boost retail sales growth at home and in the UK, where consumer spending remains under pressure.
J.C. Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast a large loss.
Asda, the British supermarket arm of Walmart reported a 2.6 percent rise in quarterly underlying sales, showing its recovery was gaining speed ahead of an expected takeover by bigger rival Sainsbury’s.
The publicity around the untimely death of designer Kate Spade drew shoppers back to the handbag brand this summer, driving a 31 percent jump in fourth-quarter sales for its new owner Tapestry on Tuesday.