Outdoor goods retailer Blacks Leisure Group plunged into a pretax loss as its surfwear business continued to struggle, and said its request for more debt from lender Lloyds Banking Group was "a big ask."
French First Lady Carla Bruni-Sarkozy was named winner of an annual celebrity hat wearers' award on Monday 1 June, beating nominees including Britain's Queen Elizabeth II and Madonna to the millinery top spot.
Abercrombie & Fitch Co's recent clearance activity with compelling discounts is leading to increased store traffic and sales, said FBR Capital Markets, while upgrading the apparel retailer a notch to "outperform".
Target Corp shareholders dealt a blow to activist investor William Ackman on Thursday 28 May, rejecting his slate of proposed directors and voting instead to keep four incumbents on the retailer's board.
After announcing a reinforcement of the interaction between local markets and global organization, the Adidas group has named Roland Auschel and Michael Stanier as director of sales and director of retail respectively.
German politicians duelled in weekend newspaper interviews over the merits of supporting troubled retailer Arcandor, which has warned it could go bust within weeks without more than $1 billion in state aid.
Carbon credits derived from a fledgling forest conservation scheme for developing nations will struggle to compete with palm oil as an investment, industry advisers and conservationists said on Friday 29 May.