Baugur delays Saks bid
The Baugur Group has revealed that it is unlikely to pursue a bid this year for Saks Inc, the US department store chain, according to the New York Post.
Wal-Mart August sales exceed estimates
Wal-Mart Stores Inc has reported that August sales at stores open for over a year rose three percent, beating Wall Street estimates of one to two percent.
Staples profits down 16%
Staples Inc reported today, September 3, that second quarter profit fell 16 percent on weakness in the US.
Starbucks launches healthier options
Starbucks has announced that it will launch a range of new healthy breakfast foods as it hopes to revive business in the US.
Levi Strauss CFO van Amstel departs
Levi Strauss & Co said on Friday, August 29, that its Chief Financial Officer Hans Ploos van Amstel was leaving the jeans maker to pursue other opportunities.