On March 17 we announced that an agreement had been reached between Uniqlo and Jil Sander. In fact, the partnership that Uniqlo has entered into is with Heidemarie Jiline Sander, founder of Jil Sander and not the label itself.
Standard & Poor's on Thursday 16 April cut its ratings on five U.S. retailers, and sent Macy's Inc and J.C. Penney Co into junk territory, citing concerns over the impact of the U.S. slowdown on department store sales.
The bankruptcy of the second-largest U.S. mall owner, General Growth Properties Inc, will have little immediate effect on its retail tenants, but could hurt them down the road. The biggest real estate failure in U.S.casts a cloud over specialty retailers, many of which already face declining sales.
Tesco, the world's No.3 retailer, is set to show its resilience to the economic downturn by posting profits of over 3 billion pounds ($4.5 billion) just four years after passing the 2 billion pound mark.
Retail sales for Target Corp remain on track for flat April comparable sales, helped by the shift in Easter, William Blair said, adding that the company's retail and credit businesses are at a positive inflection point.
H&M reported a bigger than expected 3% year-on-year fall in sales at established stories in March. The forecast had been for sales to fall 0.2% from a year earlier with predictions ranging from a fall of 3% and a rise of 2%.
Fast Retailing reported 28.7 percent growth in operating profit for the six months ended in February, buoyed by robust sales at its Uniqlo casual clothing chain, and again lifted its operating profit forecast for the full year to August.