Esprit , the world's No.5 fashion retailer, lagged forecasts with a 12.5 percent rise in second-half profit, as waning consumer sentiment in its core European market offset a strong euro and sales growth elsewhere.
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.
Premium jeans brand True Religion Apparel Inc is focused on increasing its penetration into existing retail accounts, given recent record-breaking sales trends, the company's chief financial officer said on Tuesday.
Esprit , the world's No.5 fashion retailer, lagged forecasts with a 12.5 percent rise in second-half profit, as waning consumer sentiment in its core European market offset a strong euro and sales growth elsewhere.
U.S. clothing makers are finding retailers that once stocked their stores with a variety of European brands are buying locally, given the cost of doing business internationally with a weak American dollar.
Cautious apparel buyers are foregoing orders to be delivered months down the road and instead are buying for the moment, unwilling to take on excess inventory and unsure over what the future holds.
CVS Caremark Corp will begin testing a high-end beauty store concept this year, looking to tap into growing demand for skin care and cosmetics seen at outlets like LVMH's Sephora chain.
Two Russians who carried out armed robberies in which jewellery worth 1.2 million euros (1.7 million dollars) was stolen have been jailed in Switzerland.
Women's-apparel retailer Bebe Stores Inc posted a better-than-expected fourth-quarter profit, helped by higher merchandise margins, but forecast first-quarter earnings below market estimates.
Sporting-goods retailer Hibbett Sports Inc posted quarterly revenue well ahead of market expectations as it sold more performance shoes and apparel, but profits failed to keep pace due to slightly lower margins.
Athletic-shoe retailer Foot Locker Inc posted a second-quarter profit, soundly beating market estimates, as fewer discounts boosted margins, sending its shares up as much as 11 percent. The company reported net income of $18.
EBay Inc is cutting the fees U.S. sellers on its site pay for fixed-price items, in one of the company's boldest moves this year to boost merchandise for sale, lure new buyers and take on competitors.
Ross Stores Inc on Wednesday said quarterly profit rose 40 percent as cash-strapped customers shifted to the off-price retailer from department stores, and it raised its outlook for the rest of the year. Net income rose to $71.
U.S. Fashion accessories retailer PreVu Inc , formerly known as Wilsons The Leather Experts, said it will liquidate its remaining stores after it failed to obtain necessary financing for a new retail format.
Seymour Pierce upgraded British fashion chain Ted Baker to "buy" from "outperform," saying the company should benefit from a strong dollar, a relatively strong balance sheet and growth potential through new store openings.
