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US: Sears to borrow $400m following ratings downgrade Leonie Barrie | 16 Sep 14

Sears Holdings is borrowing $400m from an investment fund headed by the department store retailer's chairman and CEO Edward Lampert, in a move that comes days after Fitch Ratings lowered its credit rating on the company.


AUSTRALIA: Target discloses Bangladesh suppliers Richard Woodard | 13 Aug 14

Retailer Target Australia has disclosed the locations of its supplier factories in Bangladesh – a move welcomed by charity Oxfam.


US: Sears appoints Tesco exec as Kmart president Michelle Russell | 12 Aug 14

Struggling retailer Sears Holdings Corporation has appointed former Tesco executive, Alasdair James, as president of its Kmart business.


US: Sears Holdings Q1 loss widens on lower sales Katie Smith | 23 May 14

Struggling retailer Sears Holdings Corporation says it may close more stores this year after reporting a wider loss in the first-quarter, weighed down by lower sales.


US: Sears sales fall but Q4 losses narrow Michelle Russell | 27 Feb 14

Struggling retailer Sears Holdings managed to narrow losses in its fourth-quarter, despite booking a drop in revenues.


US: Sears Holdings forecasts quarterly and FY losses Michelle Russell | 13 Jan 14

Struggling retailer Sears Holdings has said it expects to report a net loss in the fourth quarter as the transition of the business continues.


BANGLADESH: Government "charging" Aswad owners over fatal fire Michelle Russell | 7 Jan 14

The Bangladeshi government is understood to be filing criminal charges against the owners of Aswad Composite Mills, which caught fire last year killing seven workers.


BANGLADESH: Kmart reveals supplier factory locations, Target to follow Michelle Russell | 23 Dec 13

The decision by Australian retailers Kmart and Target Corp to reveal the location of their supplier factories in Bangladesh has been described by Oxfam as a ''watershed moment'' for the country's retailers.


Is Bangladesh unrest forcing garment buyers to flee? AZM Anas | 20 Dec 13

Bangladesh's garment makers could face a drought of summer 2014 orders as western retailers have begun fleeing the South Asian nation after recent political violence and a physical attack on Spanish buyers.


AUSTRALIA: Oxfam urges retailers to sign Bangladesh accord Leonie Barrie | 3 Dec 13

Australian clothing brands and retailers are being urged to take more responsibility for their supplier factories in Bangladesh as part of a campaign by Oxfam in the run-up to Christmas.


US: Sears losses mount in Q3 as transition continues Richard Woodard | 22 Nov 13

Retail group Sears Holdings Corporation recorded higher losses in the third quarter as the transition of the business continued, with sales and margins also suffering.


CANADA: Lululemon taps Kmart exec Poseley for product role Michelle Russell | 30 Oct 13

Canadian sportswear brand Lululemon has appointed Kmart executive Tara Poseley to the role of chief product officer.


US: Sears Holdings mulls Lands' End spin-off Katie Smith | 29 Oct 13

US retailer Sears Holdings today (29 October) revealed it is considering separating its Lands' End clothing business from the rest of the company.


US: Boot maker to open first US manufacturing facility Richard Woodard | 18 Sep 13

Sourcing group Merchant House International is moving production of a footwear line from China to the US in response to increased demand from domestic retail customers.


US: Sears Holdings seeking $1.0bn secured loan Leonie Barrie | 18 Sep 13

Struggling department store operator Sears Holdings Corp is seeking a senior secured term loan facility of up to $1.0bn to help reduce borrowing costs.


US: Q2 losses mount at Sears despite “progress” Richard Woodard | 22 Aug 13

Retail group Sears Holdings posted a bigger net loss in the second quarter thanks to revenue declines across Kmart and Sears in the US and Canada.


AUSTRALIA: Target posts "disappointing" year as earnings plunge Petah Marian | 15 Aug 13

Australian general merchandise retailer Target has had what its owners described as a "disappointing" year, as earnings plunged.


How do the Bangladesh safety pacts measure up? Leonie Barrie | 11 Jul 13

Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between their own initiative and a separate scheme backed by 70 mainly European companies. That said, there are considerable differences too.


AUSTRALIA: Kmart remains committed to Bangladesh Petah Marian | 3 Jul 13

Australian retailer Kmart said it remains committed to continuing sourcing clothing from Bangladesh, despite concerns over factory safety in the country.


AUSTRALIA: Shoppers will pay more for ethical clothing Katie Smith | 26 Jun 13

Almost 70% of Australian consumers would pay more for their clothes if they knew workers overseas were producing garments in safe working conditions and were being paid a good wage.


BANGLADESH: European retailers agree Tazreen fire compensation Petah Marian | 16 Apr 13

European retailers C&A, Kik and El Corte Ingles will contribute to a compensation plan for the victims of the Tazreen Fashions fire in Bangladesh in November last year.


US: Sears Holdings launches celebrity fashion unit Katie Smith | 11 Apr 13

US retailer Sears Holdings has launched a business unit that will work on developing entertainment-driven fashion and lifestyle brands.


AUSTRALIA: Online and luxury offer opportunity for fashion retailers Petah Marian | 9 Apr 13

The online and luxury segments are set to provide a silver lining in what is an otherwise gloomy outlook for Australia's fashion industry, according to research released by IbisWorld.


US: Sears improves, but Q4 losses heavy Richard Woodard | 28 Feb 13

Retail giant Sears Corporation saw an improvement to its fourth quarter and full-year results, but still posted heavy losses of $489m and $930m respectively.


INDIA: Adidas names Haskell to lead Indian operations Petah Marian | 18 Jan 13

Adidas has appointed the COO of its Chinese business, Erick Haskell, to head its operations in India.


US: Retailers fined over alleged textile mislabelling Petah Marian | 4 Jan 13

Four US retailers have agreed to pay penalties totalling US$1.26m for allegedly falsely labelling textiles as made from bamboo, when they were actually rayon.


2012: A year in review - Retail winners and losers MJ Deschamps | 14 Dec 12

Faced with continuing challenging trading conditions in 2012, retailers responded with a number of different strategies to try to grow their businesses. International expansion, new and larger format stores, revamped product lines and sustainability initiatives were the chosen route for some, while others were forced to lay off workers to cut costs.


US: Sears Q3 loss widens on weaker sales Katie Smith | 19 Nov 12

Retailer Sears Holdings, which divested its Hometown and Outlet businesses last month, has seen its third-quarter net losses widen on the back of weaker sales.


AUSTRALIA: Pacific Brands sales continue to fall Petah Marian | 23 Oct 12

The new CEO of Australian clothing and footwear company Pacific Brands has admitted that group underlying sales have continued to fall since the end of the company's financial year.


US: Proxy advisers back Wet Seal in board battle Petah Marian | 27 Sep 12

The battle for control of troubled US teen clothing retailer The Wet Seal continues, with two proxy advisers recommending shareholders reject Clinton Group's efforts to replace six of its board members.

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