NEW YORK - Top retail and luxury executives are sacrificing watches, vacations and new cars in the economic downturn, but keep your hands off their newspapers, nonfat lattes and bicycles.
NEW YORK - The recent wave of retail bankruptcies has left lots of empty storefronts in shopping centers and malls, and landlords may be in for a long drought as retailers curtail expansion plans amid recession.
NEW YORK - Fashion and retail executives are adding new ingredients like extensive customer data and streamlined websites to their marketing mix to get consumers to buy in the recession.
NEW YORK - It is a little bit early to tag a must-give gift for the 2009 holiday season, but one thing seems clear in the recession: Cheap, or at least cheaper, will be chic.
LONDON - You've "never had it so good," British Prime Minister Harold Macmillan told the first generation of mass-market consumers in 1957.
LONDON - VF Corp , owner of brands such as Wrangler, Lee, Vans and The North Face, has seen its markets in the United States "stabilize" but does not expect a return to growth in 2009, its chief executive said on Friday.
LONDON - British online fashion retailer ASOS expects sales growth to slow in the coming months, but is confident of meeting analysts' expectations and upbeat about prospects for its international expansion.
LONDON - Italian department store chain Gruppo Coin has seen flat like-for-like sales in June so far after a "big pickup" in May, Chief Executive Stefano Beraldo said.
NEW YORK - The wave of bankruptcies that has eliminated dozens of U.S. retail chains could force landlords to rethink their traditional aversion to having small, independent retailers as tenants, a retail real estate expert said on Thursday.
NEW YORK - This holiday season, the world's No. 1 toy maker, Mattel Inc , will play a game of its own -- wait and watch.
NEW YORK - Fewer party dresses, a return to the classics, lower price tags and emptier store shelves -- those are the strategies U.S. retailers have devised to try to successfully navigate this year's Christmas season.
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