One of the season's most high-profile proxy battles will culminate in an unfinished Target Corp store in Wisconsin next week as the retailer's shareholders decide whether to elect a slate of directors proposed by activist investor William Ackman.
The head of mall owner Taubman Centers Inc on Tuesday 19 May said he was not backing away from his company's identity as a luxury mall owner and operator, despite the hard knocks upscale retail sales have taken.
AnnTaylor Stores Corp reported a smaller-than-expected quarterly loss on Wednesday 20 May as tight inventory management and cost-cutting improved margins, but it gave a cautious forecast, helping to send its shares down 2.9 percent.
Wal-Mart Stores Inc reported a flat quarterly profit that met Wall Street expectations on Thursday 14 May as the stronger U.S. dollar offset increased sales from shoppers seeking deals in its stores amid a global economic slowdown.
Fashion retail giant Hennes & Mauritz reported on Friday 15 May a slightly bigger than expected 8 percent year-on-year rise in sales at established stores in April as spring purchases finally took off.
In order to help those living below the poverty line -- estimated at about 500,000 out of a population of 7.5 million -- Serbian authorities recently took up a trade union proposal to open shops with cheap basic goods.