Women's apparel retailer Christopher & Banks Corp (CBK.N) forecast a surprise third-quarter profit, helped by cost cuts and higher gross margins, sending its shares up 22 percent in trading after the bell.
Sara Lee Corp would be wise to split the company to strip out fixed liabilities from recent divestitures and rebase its existing operations, like coffee and baked goods, outside the United States, a former company executive and industry analyst said.
Clothing retailer Esprit Holdings (0330.HK) said consumers are still very conservative and it will cut the number of new stores planned for the current fiscal year to 50 from an earlier target of 60-80.
Fashion designer Tom Ford is best known for reinventing the house of Gucci in the 1990s and more recently, launching his own Tom Ford label. But Ford has shifted gears in recent months to movie directing and his debut "A Single Man".