Levi Strauss & Co cut its annual profit forecast on Thursday, in a sign that higher costs were weighing on the denim clothing maker's margins as it struggles with falling sales at its wholesale channels in North America.
Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more.
Steinhoff International , said on Thursday it has sought approval from a Dutch court for a debt restructuring plan aimed at saving the South African retailer from bankruptcy.
Levi Strauss & Co on Thursday warned of a margin crunch this year as it would have to offer higher promotions than previously anticipated while also grappling with higher costs, sending its shares tumbling 16% in morning trade.
Amazon proposed raising book delivery charges in France to around 2 euros from almost nothing if parliament withdrew a bill that would make it more difficult for the e-commerce group to undercut local bookshops, a French senator told Reuters.