Mexico's peso slipped by the most in four weeks and stocks fell after data showed that inventories at U.S. wholesalers fell for the 10th straight month in June, curbing hopes for a recovery in Mexican exports.
Pershing Square Capital Management, whose manager William Ackman lost a heated proxy contest to elect new directors to Target Corp's board earlier this year, cut its ownership stake in the retailer to 4.4 percent from 7.8 percent.
U.S. e-commerce sales fell 1 percent to $30.2 billion in the second quarter from the same period last year, and might not recover until the wider U.S. economy begins to improve, according to new research data.
When Wal-Mart Stores Inc reports second-quarter results next week, it will provide a much-awaited glimpse into the state of consumer spending as measured by the billions of dollars that flow through its cash registers every quarter.
Macy's Inc reported worse-than-expected same-store sales in July, but forecast second-quarter earnings roughly three times greater than analysts were expecting, and shares jumped as much as 12 percent.
Investors overlooked weak July sales results from some U.S. apparel chains and sent the shares of battered names such as Gap Inc, Limited Brands Inc and Zumiez Inc up on hopes of improvement later this year.
John Lewis, the employee-owned group viewed as a barometer of British retail spending, posted a third consecutive big rise in weekly sales at its department stores, boosted by the "staycation" phenomenon.
Off-price retailer Ross Stores Inc posted a bigger-than-expected 4 percent rise in July same-store sales and forecast second-quarter earnings ahead of estimates, as cash-strapped consumers turn to value retailers to seek out bargains amid the recession.