Li & Fung, a leading global exporter and distributor, said on Wednesday March 25 its net profit for the second half of 2008 fell 41 percent, lagging analysts' forecasts, as it was hit by weak global markets and one-off costs.
Europe's biggest clothing retailer Inditex said on Wednesday March 25 it made a net profit of 1.253 billion euros ($1.71 billion), slightly higher than last year's figure and broadly in line with forecasts.
The designer Rajesh Pratap Singh, has opened a new boutique in the Emporio Mall in New Delhi, one of the most luxurious retail spots in India. The mall is now host to a cage-like space, inspired by his project “Scissors”, where men's and women's collections are presented as well as accessories.
Children's Place Retail Stores Inc posted a fourth-quarter net profit, compared with a prior-year loss, helped by a drop in impairment charge and expenses, but said it would not give an earnings-per-share outlook at this time.
Online market place PriceMinister, France's second-ranked e-commerce site behind eBay, said it was expanding into the UK as free listings and its clampdown on fake goods attracted rising numbers of buyers.
U.S. consumer prices rose in February on higher gasoline and apparel prices, government data showed on Wednesday March 11, calming fears of deflation for now. The Labor Department said its closely watched Consumer Price Index rose 0.
German luxury fashion designer Jil Sander is teaming up with Japan's no-frills clothing retailer Uniqlo. Sander -- best known for her minimalist creations for executive women -- said she will now oversee men's and women's apparel at Uniqlo.
Swedish fashion giant Hennes & Mauritz (H&M) is likely to feel some effects from the global financial crisis but is doing better than some of its competitors, the company's top executive said on Thursday March 12.
Westfield Group Ltd WDC.AX, the world's top mall owner by market value, will not start work on any mall projects this year, it said on Thursday, saving up to A$2 billion ($1.3 billion), as capital markets remain shaky.