European basketball lovers will be delighted as Foot Locker and Nike have jointly opened the first House of Hoops in Europe. The collaborative boutique is completely dedicated to basketball and is located within the flagship Foot Locker store in Paris.
Demand for polished diamonds is growing briskly in China and India but not quickly enough to make up for the drop in buying in the world's top market the United States, diamond entrepreneur Martin Rapaport said.
The dire economy appears to have made Americans less materialistic, with a poll showing most people would choose items from discount retailer Wal-Mart over luxury jeweler Tiffany's trademark blue boxes.
Shares of Zumiez Inc soared as much as 22 percent, a day after the company reported a narrower-than-expected decline in August sales at stores open at least a year, prompting a brokerage to upgrade the stock.