Footwear retailer Collective Brands Inc's unit, Payless ShoeSource, plans to launch a line of affordable eco-friendly shoes, marking the company's entry into the "go-green" movement that has recently caught on with retailers.
Vietnam led a chorus of calls on the European Union on Monday not to extend anti-dumping duties on Chinese and Vietnamese shoes, saying the measures were protectionist and had already cost tens of thousands of jobs.
Footwear retailer DSW Inc reported better-than-expected quarterly results, with a 67 percent rise in earnings, helped by strong merchandise margin rates. The Columbus, Ohio-based company earned $11.0 million, or 25 cents a share, compared with $6.
Italian jeweller Damiani posted a 40.4 percent drop in adjusted net profit in the first quarter of the financial year that started on April 1 as revenues fell. Sales hit 39.2 million euros ($60.62 million), down 8.
Shoe maker Steven Madden Ltd posted a second-quarter results that topped market estimates, helped by strong sales increases in its Madden Girl and Daniel M. Friedman brands, and backed its 2008 outlook, sending its shares up about 7 percent.