John Lewis Partnership, the employee-owned group seen as a barometer of British retail spending, said on Friday 26 June its 27 UK department stores recorded their best performance of the first-half so far.
Retailer Marks & Spencer is expected to post an improving sales trend for its first quarter, but its trading update will be overshadowed by a growing row over the future of executive chairman Stuart Rose.
Sri Lanka's post-war reconciliation process needs international financial support, its trade minister said on Friday 26 June, urging swift action on Colombo's request for a $1.9 billion International Monetary Fund loan.
A Massachusetts sportswear company has sued Nike and the U.S. basketball hall of fame, claiming breach of contract and fraud related to the manufacture and sale of sportswear linked to Michael Jordan's upcoming induction into the hall.
Although the USA, Canada and the five largest European countries represent the biggest sportswear markets, the Russian market for sports shoes is the most prosperous, according to a report from the NPD Group.