Regional department store chain Gottschalks Inc (GOTT.PK) said on Wednesday it filed to reorganize under bankruptcy protection, while apparel chain Goody's LLC plans to liquidate its remaining 282 stores in a return to Chapter 11.
Genesco Inc (GCO.N) forecast bleak same-store sales for the fourth quarter due to deteriorating retail trends across all its segments, including its Underground Station stores and Johnston & Murphy stores.
Shoppers spent more in the opening days of France's winter sales than last year as retailers offered bigger discounts to shift stock after a lacklustre Christmas period, retail associations said on Monday.
Japan's Fast Retailing Co (9983.T) booked a 46 percent gain in first-quarter profit and lifted its annual forecast, bucking an industry downturn as cost-conscious consumers sought out its Uniqlo casual clothing chain.
Europe's shoppers are focusing on cheaper goods and essentials, despite policymakers' best efforts to boost spending, resulting in the best ever Christmas for British supermarket group J. Sainsbury, but hitting specialists like German DIY chain Praktiker.
Women's-apparel chain New York & Co Inc (NWY.N) said it will cut about 12 percent of its management jobs, close about 40 to 50 stores underperforming stores and reduce spending as part of its restructuring efforts.
Paris shoppers filed into stores on the first day of the winter sales on Wednesday but the crowd was thinner than previous years as economic worries and unusually cold weather held back many deal-hunters.
Retailer Marks & Spencer said on Wednesday it was cutting 1,230 jobs after a sharp fall in sales, and job losses in the financial sector added to pressure on the Bank of England to cut interest rates to a record low.