Saks Inc reported a higher-than-expected quarterly profit, helped by well-heeled shoppers emboldened by this year's Wall Street gains to go splurge, and the retailer forecast more sales growth for the upcoming holidays.
Italian luxury leather goods maker Tod's said it expected a pick-up in third-quarter sales of its loafers and handbags to continue into the final part of the year, boosting its shares to an all-time high.
Italian shoemaker Geox warned on Friday that higher raw material prices and negative currency trends would hit margins in the first half of 2011 and predicted a fall in 2010 results, sending its share price lower.
Women's clothing retailer AnnTaylor Stores Corp said Thursday it is planning to significantly ramp up its outlets business by opening 40 new stores next year at locations previously occupied by rival Liz Claiborne Inc.
Upmarket U.S. department store chain Bloomingdale's is enjoying a good fall season, although the rise in sales is not as strong as that recorded during the spring, its chairman and chief executive said.