Italy has cleared the sale of distressed Italian fashion house Gianfranco Ferre, one of Milan's top designer names, to U.S. private equity firm Prodos Capital, parent company IT Holding said in a statement.
SuperGroup, the British company behind the Superdry fashion brand, said second-quarter sales jumped more than two-thirds, underscoring its position as one of the fastest-growing clothing companies in the world.
British grocer J Sainsbury Plc said new stores and its expansion into non-food ranges, convenience shopping and online would help it to cope with a tough economic outlook as it met first-half profit forecasts.
Amazon.com plans to buy the owner of online shopping sites Diapers.com and Soap.com for $500 million, the world's largest online retailer said on Monday, as it aims to sell more household items that need to be replenished
American Apparel Inc, whose sales have slumped as it faces ongoing debt problems, said it expects a loss from operations in 2010 and warned it may not be in compliance with a covenant required by a key lender beginning next year.
Polo Ralph Lauren Corp reported better-than-expected second-quarter profit. Polo's net income rose 16 percent to $205.2 million, or $2.09 per share, in the second quarter that ended Oct. 2, from $177.5 million, or $1.75 per share, a year earlier.
Japan's top online Rakuten on Tuesday reported an increase in net sales for the nine months to September as it continues a global expansion of its e-commerce business. Sales rose to 252.56 billion yen (3.15 billion dollars), up 16.