Chain-store sales in the USA increased slightly in the week ending the 4th of July, rising 0.1% in shop compared to the week before, according to the International Council of Shopping Centers on the 7th of July.
The mail order unit of insolvent German retailer Arcandor, Quelle, is already attracting interest from potential buyers, the administrator in charge of Quelle told German newspaper Sueddeutsche Zeitung.
Mexican retailer Comercial Mexicana said it received a proposal from creditors on how to restructure the company, which defaulted on its debt last year after getting slammed by the global credit crisis.
Your-Mart Co, the largest retailer in China's province of Hunan, said it would raise about 500 million yuan ($75 million) in a stock initial public offering next month, the third firm to be given approval to go public after regulators resumed IPOs.
U.S. consumer spending rose last month for the first time since February as government stimulus pushed incomes sharply higher, the Commerce Department said on Friday 26 June, supporting the view the economy was close to pulling out of recession.
LakeWest Group, an independent management consulting firm to retailers, filed for bankruptcy on Friday 26 June, according to court documents, becoming the latest player caught in the declining wave of consumer spending.