Fast Retailing reported 28.7 percent growth in operating profit for the six months ended in February, buoyed by robust sales at its Uniqlo casual clothing chain, and again lifted its operating profit forecast for the full year to August.
Teen-clothing retailer Hot Topic Inc posted a 7.1 percent rise in March same-store sales, riding on strong DVD sales of the popular teen vampire movie "Twilight," and raised its first-quarter earnings outlook.
Yoox Group – the Italian website for online sales of ready-to-wear clothes from major labels, which extended its activities to include design and website management for single-brand sites in 2006 – should soon be floated on the Milan Stock Exchange.
Fast Retailing, the Japanese owner of the brands Uniqlo, Comptoir des Cotonniers, Princesse Tam Tam and Theory and leading Japanese clothing group - plans to more than triple the number of its Uniqlo stores in Asia.
Major U.S. retailers likely ended March with lackluster sales as consumers put off Easter and spring purchases until April. Overall, March same-store sales are expected to have fallen 1 percent - or a steeper 5..3 percent excluding Wal-Mart Stores Inc.
The homages to Pharaonic Egypt, ice rinks and shark-filled aquariums in Dubai's many malls still attract crowds, but retail in the Gulf Arab boomtown is looking fragile as luxury-lovers turn into bargain-hunters.
The British Property Federation said some of its landlord members had agreed a plan to help retailers cut costs and meet quarterly rent payments after complaints the existing system was causing cash-flow problems.