Italian eyewear maker Safilo SpA's main shareholder said it was in talks with potential investors and could dilute its stake in the company, boosting Safilo shares on hopes of a cash injection. Only 3T, which has 39.
Athletic-shoes maker K-Swiss Inc swung to a fourth-quarter loss, which was wider than analysts' average estimate, and forecast weak 2009 results as it was hurt by a 36 percent drop in advance orders, sending its shares to their lowest in more than seven years.
Footwear retailer Brown Shoe Co Inc posted a quarterly loss hurt by expenses and a weak retail environment, and said it expects a loss for the first quarter as well, given the challenging economic conditions.
Teen-clothing retailer Hot Topic Inc reported a February comparable-store sales rise of 10.8 percent that handsomely beat the Wall Street estimate of a 4.8 percent increase, sending its shares up as much as 9 percent.
Hong Kong-based retailer Esprit Holdings on Tuesday reported a profit attributable to shareholders of HK$2.85 billion for the second half of 2008, down 13.4 percent from HK$3.29 billion in the same period of 2007.
Icelandic bank Kaupthing put British unit Mosaic Fashions into administration and announced a deal to buy back some of its brands immediately, saving around 8,700 jobs while leaving about 4,200 at risk on Monday.
Women's apparel retailer Chico's FAS Inc on Tuesday posted a deeper quarterly loss, but topped Wall Street's estimates, even as it faced lower sales and gross margin during the period. The net loss was $40.