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Global Retail

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Cutting back? So are the bigwigs

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.


Will empty big-box stores ever get filled?

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.


Crisis gives high-end retail industry a makeover

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.


Price wars to heat up holiday

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.


You may never have it so good again: retail execs

LONDON You've "never had it so good," British Prime Minister Harold Macmillan told the first generation of mass-market consumers in 1957.

VF Corp sees markets "stabilize"

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.

ASOS sees slower growth; big prospects abroad

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.

Gruppo Coin says June like-for-like flat

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.


U.S. malls' ills give independent stores an opening

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.


Mattel plays "wait and watch" game

NEW YORK This holiday season, the world's No. 1 toy maker, Mattel Inc , will play a game of its own -- wait and watch.


Lower prices, fewer dresses on racks this Christmas

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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