Mango announced that it has opened 215 MNG by Mango points of sale within JCPenney. This brings the total number of MNG points of sale at JCPenney to 292. With an average surface area of 100 m2, each shop offers a collection created exclusively by Mango for the American department store.
A slowdown at discount fashion retailer Primark's British stores hit the shares of owner Associated British Foods Plc as tax rises and inflation squeezed consumer spending in the first two months of this year.
Sears Holdings Corp has named a non-retail executive, Lou D'Ambrosio, as chief executive, concluding a three-year search for a new CEO of a once iconic American retailer that has fallen from its perch.
Retailer John Lewis reported a fifth consecutive week of subdued sales at its department stores, adding to signs that pressure is building on consumers from higher prices, taxes and public spending cuts.
Department store operator J.C. Penney Co Inc's shares fell more than 4 percent Friday as analysts questioned the company's ability to keep cutting costs and its vulnerability to customers being shocked by rising gas prices.
Mid-tier department store operator Kohl's Corp expects more sales gains this year, while discount retailer Target Corp said fewer shoppers were defaulting on their credit card debt, signs that consumers' finances are gradually getting better.
London beat Tokyo, New York and Paris to be the highest grossing city for retail sales in 2010, according to a study of 22 major worldwide shopping destinations by Britain's Centre for Retail Research.
The proposed deal between Wal-Mart and South Africa's Massmart Holdings should support local procurement and job creation in Africa's biggest economy, South African Economic Development Minister Ebrahim Patel said on Tuesday.