From dresses, to handbags, diamonds and music downloads, consumers in Asia are taking to Internet shopping like never before as the region becomes one of the world's fastest growing e-commerce markets.
Recession-hit brides looking for that something borrowed to complete their outfit can rent gold tiaras from a major Japanese jeweler which unveiled pieces worth over a million dollars despite the faltering economy.
The haute couture shows for spring-summer 2009, which begin on Monday, have slimmed down in response to the global financial crisis, spread over three days instead of four and with fewer catwalk presentations.
Tandy Brands Accessories will slash about 17 percent of its salaried headcount as part of its cost-cutting efforts and realign its operations to focus on key products such as belts, small leather goods and gifts.
A trading update from Wm Morrison next week is likely to see the supermarket emerge as one of the winners of the Christmas period, while one from Kesa Electricals is expected to place it firmly in the losers' camp. On Thursday, Morrison (MRW.
SAC Capital Advisors LLC, the hedge fund firm run by billionaire trader Steve Cohen, slashed holdings in a number of retailers and small pharmaceutical companies at the end of last year, recent regulatory filings show.
Not since at least 1970 has holiday shopping in the United States posted such dismal numbers, according to data released on Tuesday that was likely to prompt retailers to curtail their business even more in 2009.
Britain's Theo Fennell (TFL.L), jeweller to David Beckham and Elton John, posted a first-half loss after sales fell 20 percent, and said it was reviewing expansion plans as it prepared for a "difficult" 2009.