Financial

Retail

Financial

Tesco's Shares Slump on Profit Warning

The supermarket chain said Monday that it had overstated its expected H1 profits by 250 million pounds, or $407 million.

Tiffany Plans $500M Note Offering

Will redeem $400 million in notes with earlier maturities, set new revolver.

Inditex, H&M to Pay More for Clothes From Cambodia to Lift Wages

Major clothing retailers say they are willing to pay more for clothes made in Cambodia, backing a trade union campaign for higher wages.

Alibaba Stock Jumps 36.3% at IPO

Offering bump places Chinese e-commerce giant's market capitalization at $228.28 billion.

Sears Stock Falls on Bearish Analyst Note

On Thursday Credit Suisse analyst Gary Balter ruminated about “The End” of the ailing retailer.

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Neiman Marcus Group Boosts Capex to Update Key Stores

In the months ahead, the Dallas-based luxury retailer intends to focus on carrying out new strategies and operations.

ICSC: Retail Sales Trend Softens

Week-over-week sales decline and year-on-year pace decelerates.

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Neiman Marcus Comps Up, But Costs Hit Bottom Line

Registers net loss in period on charges related to October acquisition.

Currency Effects Weigh on Zara

Europe’s largest clothing retailer, Inditex SA, said first-half profits fell 2.4 percent as the strong euro put a dent in its foreign revenues.

Edward Lampert Loan Stirs Fears Over Sears

The firm's stock fell to a new 52-week low after its chairman and chief executive officer loaned the retailer $400 million.

Sears Obtains $400M Loan From Edward Lampert

Entities affiliated with Sears Holdings Corp. have entered into a loan from affiliates of ESL Investments, of which Lampert is the sole stockholder.

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