When Wal-Mart Stores Inc reports second-quarter results next week, it will provide a much-awaited glimpse into the state of consumer spending as measured by the billions of dollars that flow through its cash registers every quarter.
Macy's Inc reported worse-than-expected same-store sales in July, but forecast second-quarter earnings roughly three times greater than analysts were expecting, and shares jumped as much as 12 percent.
Investors overlooked weak July sales results from some U.S. apparel chains and sent the shares of battered names such as Gap Inc, Limited Brands Inc and Zumiez Inc up on hopes of improvement later this year.
U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a narrower-than-expected quarterly loss, helped by tight cost control and inventory management, and forecast a surprise third-quarter loss.
Puma sales, which include consolidated and license sales, reached €636.5 million during the second quarter, a currency-adjusted decrease of 2.6% and an increase of 1.2% in Euro terms, marking a solid performance in a globally challenging environment.
John Lewis, the employee-owned group viewed as a barometer of British retail spending, posted a third consecutive big rise in weekly sales at its department stores, boosted by the "staycation" phenomenon.
The party queen has added another string to her bow. After having lit up dance floors across the world beside her husband, DJ David Guetta, and after having launched her own perfume, Cathy Guetta is stepping out into the limelight again – this time with a clothing line.