Women's-apparel and accessories maker Bebe Stores Inc posted a second-quarter profit that edged past market estimates, as sales were better than expected and expenses decreased, but forecast a surprise loss for the third quarter.
Footwear retailer Brown Shoe Co Inc said it expects to cut 12 percent to 14 percent of its domestic work force, excluding stores and distribution centers, and take a charge of $27 million to $30 million related to its cost-reduction actions.
Esprit Holdings, the world's No.5 fashion retailer, posted its first profit decline in a decade in the first half of 2008-09 as a global economic crisis gripped its key markets in Europe and Asia. July-December net profit fell to HK$2.
Icelandic holding company Baugur, which has major retail interests in Britain, said on Wednesday it had applied for court protection after restructuring talks with its lenders failed. "This morning Baugur .
Recession-hit brides looking for that something borrowed to complete their outfit can rent gold tiaras from a major Japanese jeweler which unveiled pieces worth over a million dollars despite the faltering economy.
Polo Ralph Lauren Corp (RL.N) reported a much higher-than-expected quarterly profit on Wednesday, helped by stronger sales and profit margins in its international wholesale business, sending the fashion company's shares up 2.
Shoe maker Wolverine World Wide Inc (WWW.N) reported higher-than-expected fourth-quarter results as strong sales of its core brands offset foreign exchange headwinds, and forecast 2009 earnings in line with analysts' estimates.
Liz Claiborne Inc said on Tuesday that it planned to cut 725 jobs, or 8 percent of its U.S. workforce, to reduce costs in a weak retail market, sending the fashion company's shares up nearly 7 percent.