Casual Male Retail Group Inc, which makes clothing for larger men, posted a surprise first-quarter profit as it managed its costs better, sending its shares up as much as 29 percent.
Small, nimble retailers are taking advantage of the recession and larger rivals' woes as they move into abandoned U.S. store fronts with short-term leases negotiated at a discount.
Cost cuts helped Gap Inc beat quarterly profit expectations on Thursday 21 May and investors cheered a long-overdue sales improvement in the apparel retailer's Old Navy chain.
Zumiez Inc posted a narrower-than-expected quarterly loss, helped by strong product margins, but shares fell 10 percent as the snowboarding gear retailer forecast a weak second quarter.
Sporting goods retailer Hibbett Sports Inc posted a 16 percent rise in quarterly profit, which was in line with market estimates, on positive apparel and footwear sales, and reaffirmed its outlook for the current financial year.
Singers really like fashion. For example, on her world tour Madonna chose a plethora of designers’ clothes, including Stella McCartney and Givenchy. Now it can be seen that Europeans are no different; the Italian singer Laura Pausini has plumped for the chic look of Emporio Armani.
As the economy gets ugly, droves of out-of-work Australians, male and female, are finding a career in beauty really pays. Avon, the largest direct selling beauty company in the world, has recruited more than 7,000 door-to-door saleswomen -- and men -- in February alone.
British fashion group French Connection said first-quarter trends were little changed from its last financial year, with mixed trading in its retail business and a drop in wholesale orders.
Mulberry has ended its joint-venture with its American partner. The luxury brand has announced that it has, in principle, agreed a deal to take total control of its boutiques and points of sales in the USA.
AnnTaylor Stores Corp reported a smaller-than-expected quarterly loss on Wednesday 20 May as tight inventory management and cost-cutting improved margins, but it gave a cautious forecast, helping to send its shares down 2.9 percent.
On the road to recovery, Ittierre S.p.A, represented by its three administrators – Stanislao Chimenti, Andrea Ciccoli and Roberto Spada, have named Massimo Suppancig as director general.
Tween Brands Inc reported a narrower-than-expected first-quarter loss, aided by a tight control of expenses and inventory levels, and said it was on track to "comfortably satisfy" its credit facility covenants.
World swimming's ruling body FINA refused to give approval to 10 swimsuits, including some of those made from polyurethane and which were used, controversially, to set new world records.
German retailer Arcandor has called for a high-level meeting with rival Metro and investment bank Goldman Sachs to hammer out a plan for its stricken Karstadt department store chain.
Children's clothing retailer Gymboree Corp posted a first-quarter profit above analysts' estimates, helped by lower product costs and operating expenses.
