The price of gold, which hit a record high this month of $1,430.95 an ounce, is expected to remain well supported next year as investors favour the metal as a safe store of value amid instability in the financial markets.
U.S. consumers are spending more freely again, forcing many forecasters to revise up their estimates for economic growth now that a hotly debated tax deal in Washington is expected to further support the expansion.
British fashion and home wares retailer Laura Ashley Holdings Plc said it was confident that full-year trading would be ahead of its expectations, despite heavy snowfall in the UK and uncertain economic conditions.
U.S. teen clothing retailer Aeropostale Inc has hired Barclays Capital as a strategic adviser to shore up its takeover defenses in the event it got an approach from private equity firms, the New York Post reported, citing a person close to the situation.
Egyptian investment firm Arabiyya Lel Estithmaraat said on Thursday it had scrapped a plan to take over the historic Omar Effendi department store chain after unsatisfactory results from a due diligence process.
Bright and spacious environment, floor marked with sports field lines, a Pacman arcade machine and no clothes folded on shelves. Lacoste’s L!ve boutique most certainly does not represent the brand’s traditional image. In 2011, 17 L!ve stores will emerge in metropolis across the world.
Since emerging from the dot-com bubble of the late 1990s, Amazon and eBay have been investing heavily on online shopping. Neither company, however, banked on the sudden attention of another potential rival, Google.
Crocs Inc. has just announced the company’s expansion into Puerto Rico as part of its globalisation strategy. Stores in Hato Rey and San Juan are to open this month, with the company expecting to have more than 400 self-owned stores around the globe by the end of the year.
For the new SS 2011 campaign, Esprit presents a face currently in high demand: that of Australian top model Jessica Hart. Famous for her striking gap-toothed smile, the 24-year-old has quickly become the darling of the fashion industry.