U.S. apparel retailers Western Warehouse and Boot Town, which sell everything from Stetson cowboy hats to ostrich-skin boots, will begin going-out-of business sales at its 78 remaining stores next week, parent company BTWW said on Tuesday.
Charming Shoppes Inc , a retailer of women's plus-size apparel, posted a quarterly loss that was narrower than market estimates, helped by higher sales and margin in October, and forecast fourth-quarter revenue above market view, sending its shares up as much as 92 percent.
Italian luxury shoe and bag maker Tod's SpA will have "an optimal" 2008 if the current trend continues, or even if it slows a little, Chairman and Chief Executive Officer Diego Della Valle said on Tuesday.
Women's apparel retailer Coldwater Creek Inc posted a narrower-than-expected quarterly loss, helped by tighter cost saving measures. The company posted a net loss of $1.3 million or 1 cent a share, compared with a loss of $6.
The French subsidiary of the German chemical products group Henkel said on Monday it would close two sites in France and cut 251 jobs to cope with the economic downturn and to boost its competitiveness.
Sales of apparel, shoes and appliances fell dramatically in the first two weeks of November, as consumers worried about a recession and job losses further cut spending, MasterCard Advisors said in a report.
Shares of bookseller Borders Group Inc and athletic shoe seller Finish Line Inc plummeted during volatile trading in consumer stocks on Friday, November 21st as fears of a worsening retail environment took hold days before the holiday season kicks into high gear.