Singers really like fashion. For example, on her world tour Madonna chose a plethora of designers’ clothes, including Stella McCartney and Givenchy. Now it can be seen that Europeans are no different; the Italian singer Laura Pausini has plumped for the chic look of Emporio Armani.
Hot Topic Inc, which had so far bucked weak trends in apparel, forecast a second-quarter loss due to a slowdown in traffic post Easter, sending its shares down as much as 9 percent in trading after the bell.
Tween Brands Inc reported a narrower-than-expected first-quarter loss, aided by a tight control of expenses and inventory levels, and said it was on track to "comfortably satisfy" its credit facility covenants.
Ignacio Fernández has been named as financial director of the clothing group Inditex (Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Ovsho, Zara Home…). He replaces Antonio Rubio who is leaving to take up other adventures.
Citi Trends Inc posted first-quarter profit and revenue above analysts estimates, helped by reduced freight costs and lower markdowns due to tight inventory control, and raised its fiscal 2009 outlook.