Debenhams plans to close 22 stores next year, putting about 1,200 jobs at risk, under a scheme designed to put the ailing British retailer on a stable financial footing. Debenhams’ lenders took control of the retailer earlier this month in an effort to keep stores open, a deal which wiped out the company’s shareholders,
US retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start.
Japan’s industrial output rebounded more than expected in July, but retail sales declined sharply and production was set to contract again next month, signalling a bumpy road for an economy facing growing global strains.
World stocks scaled record highs on Friday and oil prices stayed buoyant in a holiday-shortened week, as optimism grew that a US-China trade deal would soon be signed.
J.C. Penney reported a smaller-than-expected quarterly loss on lower ad spending and higher margins, results Chief Executive Jill Soltau said showed efforts to revive sales and profits at the department store are taking hold.
In accordance with the announcement by the Supreme Committee of Disaster Management around easing restrictions on a number of activities for children under 12, Al-Futtaim Malls welcomed back its younger visitors this weekend with special kid-sized masks to ensure they are kept safe when shopping in both Dubai Festival City Mall and Festival Plaza.
The most of the products likely to be bought online includes toys and gaming items, cultural goods, and beauty products.