Investors are zeroing in on a number of hot retailers' shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand.
Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs, according to a legal filing seen by Reuters.
Gap Inc's full-year net sales and profit forecasts fell short of Wall Street expectations on Tuesday, after the company flagged a hit of up to $650 million in lost annual sales due to supply chain disruptions going into the crucial holiday season.
Shares in Marks & Spencer rose as much as 3.8% in early trading after a report in The Sunday Times said U.S. investment firm Apollo Global Management has been "running the rule" over the British clothing and food retailer.