Tesco Plc, the world's No.3 retailer, posted quarterly sales growth toward the bottom end of forecasts, held back by a drop in food price inflation, but said a gradual consumer recovery remained on track.
On the back of its catalogue and online sales success, ladieswear brand Lipsy has become more interested than ever before in the French market. This interest extends to the aim of having 300 points of sale in the country in three years time.
U.S. luxury department store operator Saks Inc restated its earnings from the most recent quarter upward after reclassifying the reversal of a $4.4 million tax reserve that had been set up for a potential tax liability.
Chinese sports brand Li Ning plans to open its first outlet outside Asia in the United States in January, in a bid to test the water as it moves forward with its goal of becoming a major international brand within a decade.