Retail/Business
Marks & Spencer Revamps Apparel, Launches Best of British Capsule
In a bid to revive its flagging clothing fortunes, the retailer has vowed to make quality a number one priority.
— May 16, 2013
Nordstrom Sees Success With Topshop
On its first-quarter earnings call, retailer said the collection will be rolled out to another 28 stores this fall and 30 additional stores in early 2014.
— May 16, 2013
J.C. Penney Loss Widens to $348M in Q1
Myron “Mike” Ullman said retailer is refocusing on the customer after failed transformation effort.
— May 16, 2013
Kohl's Shareholders Vote for Independent Chairman
Proposal allows the company to wait to make the change with the next ceo.
— May 16, 2013
Wal-Mart Corruption Probe Costs Rise
The world’s largest retailer on Thursday revealed it spent $73 million in the first quarter on matters related to FCPA-related issues.
— May 16, 2013
Richemont Full-Year Net Rockets 30.2%; Rupert Sets Sabbatical
The chairman, controlling shareholder of the world’s second-largest luxury goods group will take a yearlong sabbatical beginning in September.
— May 16, 2013
