Retail in Asia

Department Stores

Westfield loses sparkle

If there was any doubt that shopping-centre giant Westfield had lost its sparkle of yesteryear, its latest results – a loss of AUD457 million (USD410 million) – signal a stock that is trad…

Interview: Macy’s CEO

CNBC’s interview with Macy’s CEO Terry Lundgren: Macy’s is one of the few retail stocks posting gains Thursday.
Macy’s not only trounced analysts’ monthly sales estimates…