Budget footwear retailer Shoe Zone's preliminary results have painted a weak picture for the year to October 5, but there were signs of hope for the future as store upgrades continued and seemed to be paying off.
Wall Street analysts were upbeat about Nike's long-term growth, encouraged by the sportswear maker's robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.
Nike Inc's quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.
Outlet malls are continuing to show their resilience across Europe as consumers flock to them and they attract top quality tenants. And London Designer Outlet has announced that Puma will open a 2,365 sq ft store there.