Swiss watchmaker Hublot expects sales to be near flat in 2009, while rival Ebel struck a more cautious note, saying its overall sales this year were likely to be lower than in 2008 as American demand for watches withered.
"Tiffany has clearly not been immune from global economic turmoil in recent months,” conceded the Chief Executive of the New York jeweler in a statement that confirmed the group had seen lower sales in the final quarter of 2008 across the board.
Signet Jewelers, the world's biggest specialty jeweler, reported a quarterly net loss on Wednesday March 25 versus a year-earlier profit, hurt by a one-time charge and a steep drop in sales during the key holiday shopping period.
Italian luxury shoe and bag maker Tod's SpA left its 2008 dividend unchanged at 1.25 euros a share on Tuesday March 24 after reporting a 7.9 percent rise in its net profit to 83.4 million euros ($113.7 million).
Shares in Swiss clothing retailer Voegele jumped on Monday March 23 after the company's chairman and vice chairman said they were stepping down under pressure from shareholders, stirring break-up talk.
Women's-apparel chain New York & Co Inc posted a wider-than-expected fourth-quarter loss, hurt by weak consumer spending, and said it expects to post a loss in the first quarter as well, sending its shares down 9 percent.
Clothing manufacturer Perry Ellis International Inc posted a surprise fourth-quarter loss on falling sales and declining margins, and said it suspended giving annual earnings forecast, sending its shares down as much as 21 percent.
Beauty products retailer Ulta Salon, Cosmetics & Fragrance Inc posted a fourth-quarter profit that beat market expectations as it avoided discounting during the holiday season, but forecast first-quarter results below market estimates.