Real estate broker Jones Lang LaSalle is to sell the Silverburn shopping mall in Glasgow, Scotland, in a deal that may spark the mass transfer of distressed assets to the UK commercial property market.
John Lewis, the employee-owned group viewed as a barometer of UK retailing, posted a small rise in weekly department store sales against a tough comparable number last year, adding to signs of a consumer recovery.
U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on results in the key back-to-school season.
British haulier Wincanton Plc said it was awarded three, five-year contracts worth a total of 275 million pounds ($447.6 million) from Marks & Spencer to run certain areas of the retailer's supply chain.
Japan's Fast Retailing, operator of the Uniqlo casual clothing chain, said it wanted to boost annual sales more than seven-fold to $54 billion by 2020 as it seeks acquisitions and expands in overseas markets.