Limited Brands Inc posted a better-than-expected 35 percent rise in adjusted quarterly earnings by controlling costs and inventory, and raised its fiscal-year earnings outlook, sending shares up 10 percent.
Summer weather, aggressive promotions and tax rebates sent many U.S. consumers shopping in June, giving retailers struggling in the weak economy their strongest month in more than a year. About two-thirds of U.S.
U.S. retailers reported a mixed bag of May sales results on Thursday, with consumers focused on lower prices and essentials like food, but signs emerged that tax rebates were helping to spur some spending.
Australian sheep farmers will from July 1 separate out wool at auctions that has been produced without using "mulesing", which is condemned by animal rights activists and has led to boycotts from major fashion houses.
Burkina Faso may be one of the poorest countries on the planet but some of its people are now getting ahead thanks to rising demand in the developed world for organically grown cotton and skin-saving shea butter.