U.S. jeweler Zale Corp will restate its financial statements for fiscal 2008 and interim periods in 2008 and 2009 to record a "significant" portion of its prepaid advertising costs as expense rather than capital costs, according to a securities filing.
Dress Barn Inc reported a better-than-expected quarterly profit, helped by tighter cost and inventory controls, but forecast full-year 2010 earnings below market expectations, sending its shares down 3 percent in after-market trade.
In her apartment in a tough Rio de Janeiro suburb, Geni Monteiro Coimbra pauses as she ponders a teasing dilemma -- the tutti-frutti or the strawberry lipstick? After a quick consultation with her local Avon lady, strawberry wins the day.
Tight management of costs and stocks and better than expected summer sales helped two of Europe's top fashion retailers beat first-half profit forecasts, although there was some caution about the trading outlook.
The country's second-largest clothing retailer Next is simply being realistic in predicting that its underlying sales will deteriorate further in the next few months, despite an improving economic backdrop.