Giorgio Armani explored a merger with French luxury group Hermes but without success, the Italian designer told Bloomberg, adding he planned to keep control of his fashion empire as long as he stays healthy.
Lululemon Athletica Inc reported a higher quarterly profit as sales gains from the clothier's new stores outstripped a weaker Canadian dollar and economic downturn, but the company cut its full year outlook as it braced for tough times.
British fashion retailer Mulberry Group Plc warned that its full-year results would be below current market expectations and lower than last year due to a slowdown in consumer demand as it posted a 6 percent rise in first-half pretax profit helped by better margins.
T-shirt maker Gildan Activewear's fourth-quarter net profit nearly halved, missing Wall Street estimates, as higher costs and an unfavourable product mix offset gains from higher selling prices and improved manufacturing efficiencies.
Shares of Urban Outfitters Inc fell as much as 22 percent Thursday, a day after the apparel retailer posted flat same-stores sales for November and warned sales trends could worsen further during the rest of the holiday season.