Credit Suisse initiated coverage of footwear retailer Deckers Outdoor Corp with an "underperform" rating, saying the company's flagship Ugg brand was nearing saturation.
John Lewis Partnership JLP.UL, the employee-owned group seen as a barometer of retail spending, on Friday blamed the earlier fall of Easter last year and sunny weather for a sharp fall in sales.
A not-so-new fashion trend is sweeping many parts of Australia, where thousands of people are flocking to vintage fairs to pick up unique, and inexpensive, apparel during the economic slowdown.
Hennes & Mauritz, the world's third-biggest clothing retailer by sales, posted a surprise 12.6 percent fall in its first-quarter pretax profits on Thursday March 26 as currency swings dented margins.
Men's fashion retailer Moss Bros believes it can narrow losses in 2009/10, defying many analysts' expectations, and is confident its banking facilities will be renewed, its new Chief Executive said.
Moss Bros, the men's fashion retailer, met expectations by posting a full-year loss of 5 million pounds after a deterioration in trading and said sales had continued to slow in the new year.
Rich people are hiding conspicuous consumption, choosing to spurn luxuries of the boom years to be sensitive to friends who suffered in the downturn, a private equity executive said.
New Zealand clothing retailer Hallenstein Glasson Ltd. on Friday March 27 reported a 41 percent fall in first half net profit due to weak trading and tighter margins.
Specialty retailer Wet Seal Inc posted a better-than-expected fourth-quarter profit, helped by lower expenses, and it forecast first-quarter results largely in line with market estimates.
Fashion and homewares retailer Next on Thursday March 26 forecast sales would keep on falling in 2009 as it posted an expected 13.9 pct percent decline in 2008 profit.
Retail sales plunged in February, posting the lowest annual growth rate in more than a decade, as heavy snowy and economic gloom kept consumers away from the shops, official data showed on Thursday March 26.
Lululemon Athletica reported lower quarterly earnings on Thursday March 26 as the upscale athletic clothier was hurt by the economic downturn, but the results topped estimates
The Council of Fashion Designers of America (CFDA) has unveiled the list of nominees for the 2009 Fashion Awards. This year Best Designer in Ladies Fashion could go to Marc Jacobs, Kate & Laura Mulleavy of Rodarte, or to Narciso Rodriguez.
After Patrick Dempsey, the irresistible Dr Shepherd from Grey’s Anatomy, it is James Denton – the plumber from Desperate Housewives – who will be the face of Serengeti sunglasses in 2009.
Liam Gallagher, lead singer of the band Oasis, has turned fashion designer with the launch of his off-the-peg label ‘Pretty Green’. The label will be exclusively ‘limited edition’ and will consist of trench coats, jackets, jeans, hats and scarves that are “up-front, straight talking and classic”.