Retailers hoping to put themselves up for sale are in for a long winter. Take Nordstrom. With large insider stakes and growing revenue, the $6.7 billion department-store chain was a prime candidate for a buyout.
Weekly sales fell again at John Lewis in the latest seven days with the period to October 14 seeing a drop of 4.6% to £86.4 million. That’s bad news for a store that’s used to sales rise after sales rise.
It is possible that Britain will leave the European Union without a transition agreement, and companies need to do more to prepare for an abrupt departure, Irish Central Bank Deputy Governor Ed Sibley said on Tuesday.
This close to India's glittering festive season, the cash register at Neha Tandon's clothes store should be working overtime as revellers snap up elegant sarees for Diwali celebrations and lavish wedding parties.