Retail sales plunged in February, posting the lowest annual growth rate in more than a decade, as heavy snowy and economic gloom kept consumers away from the shops, official data showed on Thursday March 26.
John Lewis, the employee-owned group seen as a barometer of retail spending, said on Friday sales surged at both its department stores and upmarket grocery chain in the days before and after Christmas.
Struggling UK retailer JJB Sports (JJB.L) announced a management reshuffle, promoting retail veteran David Jones to executive chairman and recruiting a former head of department store Selfridges to oversee strategy.
By Nellie Andreeva LOS ANGELES (Hollywood Reporter) - Manny Ramirez and Brett Favre aside, there were relatively few sports stars changing places in 2008. However, you couldn't say the same about TV shows.
Ivory Coast's cotton sector hopes investments by a consortium including Singapore's Olam International Ltd can help it to revive output that has fallen in recent years, a producers group said on Wednesday.