John Lewis said it would counter a worsening outlook by investing in prices, service and new stores after the British retailer posted a 20 percent rise in full-year profit on the back of rising market share.
Dick's Sporting Goods posted a bigger-than-expected quarterly profit and forecast a strong year ahead as it saw margins swell and online sales rise during the holiday quarter, sending shares up 6 percent.
U.S. teen apparel retailer American Eagle Outfitters Inc is scouting for a new chief executive as the incumbent James O'Donnell is said to be retiring, the Wall Street Journal said, citing people familiar with the matter.
Online fashion retailer Privalia is buying Germany's Dress for Less to create a global leader in the fast-growing internet clothing market, in a deal which one person close to the matter said was worth 150-200 million euros.
Moroccan group Aksal has supposedly been in touch with American retailer Gap Inc regarding a distribution license of the Gap brand in Morocco, according to the local press. Askal already has licensing agreements with Inditex and the Galeries Lafayette.