The first Gap store in Thailand should open in summer 2010, a licensing agreement between the American group and the local distributor Armin indicated. This follows a new drop in sales for Gap Inc in June.
Almost three-quarters of some of the world's largest retailers expect the current economic downturn to impact their business for up to two more years, according to a survey from business advisory firm AlixPartners.
In a few years, a shopper looking for a T-shirt at Wal-Mart might check its tag not only to see its size or price, but also its "green" label. Wal-Mart Stores Inc announced plans for an index that will measure the social and environmental impact of its products
Madeleine Schickedanz, the wealthy heiress behind Arcandor, blamed herself in part for the collapse of the German tourism and retail group and the loss of her fortune she told Sunday paper Bild am Sonntag.
With only 160 shopping days left, it's beginning to look a lot like Christmas in some stores. Some chains are trying to bring holiday spirit, and revenue, to the summer with "Christmas in July" promotions.
Recent initiatives by Bebe Stores Inc to jump start its business may not be enough for those who blame the retailer's recent sales slump on its relatively high prices and a limited focus on its core brand.