Sears Holdings Corp shares could fall 50 percent after extreme cost-cutting depleted the retailer's ability to generate cash flow necessary to win back market share from Wal-Mart Stores Inc and other rivals.
Christian Blanckaert has left Hermès to join Petit Bateau, subsidiary of the Yves Rocher group. Petit Bateau has had a non-executive post vacant since the departure of Maurice de Kervénoaël a year ago.
Six years after negotiations opened, the ten members of the Association of Southeast Asian Nations (ASEAN) announced that they will sign a free trade agreement with India during their next summit in Bangkok in December.
Both athletic shoe retailer Foot Locker Inc and Hibbett Sports Inc, which sells athletic shoes in addition to other sporting goods, posted disappointing quarterly results as consumers searched for a reason to shop in a discretionary retail environment.