Steven Madden Ltd's fourth-quarter profit topped market expectations, as the shoe maker saw margins improve due to higher initial mark-ups and fewer store close-outs, and forecast 2010 earnings above estimates.
True Religion Apparel Inc reported quarterly results that comfortably beat market estimates, driven by strong direct-to-customer and international sales, but forecast a full-year 2010 profit range below expectations.
The unabated popularity of its UGG boots should help Deckers Outdoor Corp breeze past estimates for the fourth quarter, with the market now looking for a more concrete picture of company plans for its international distribution.
British chemicals group Croda International met expectations with a 10.5 percent rise in adjusted profit for 2009, reflecting robust demand from the consumer care sector, and giving it confidence for 2010.
British chemicals maker Elementis Plc posted a 62 percent drop in full-year adjusted pretax profit, but maintained its dividend and said 2010 trading began on a positive note as customers started restocking.
British sportswear retailer Sports Direct plans to oppose a fundraising by outdoor goods chain Blacks Leisure, if it can resolve a dispute over the ownership of shares in Blacks and another rival retailer.
Talbots Inc said it expects a smaller sales decline for the fourth quarter as full-price selling boosted its top line, and also amended its merger agreement with BPW Acquisition Corp, a special purpose acquisition company.
Shares of Perry Ellis International Inc soared 18 percent to touch a 17-month high, a day after the clothing maker said it expects 2010 profit to be at or above the top end of its current view and forecast a solid 2011 profit.