Premium jeans brand True Religion Apparel Inc's quarterly profit soared more than 42 percent, beating market expectations, driven by international and consumer direct sales, but it forecast 2009 earning below expectations.
Russia turned the gas taps back on this week but the damage inflicted on central and eastern Europe will linger for months, adding to the pain the global economic downturn was already causing. "We suffered two consecutive shocks.
Take a load of empty plastic water bottles to manufacture jeans, or turn waste denim into paper: as eco-consciousness spreads, makers of the planet's most popular item of clothing are increasingly resorting to recycling.
Guess Inc reported on Thursday, December 4th a 10 percent rise in quarterly net income, beating Wall Street estimates, but the apparel retailer and wholesaler cut its revenue and profit outlook for 2008, sending its shares down more than two percent in after-hours trade.
Wal-Mart Stores Inc , which is gaining market share amid an economic downturn, said Lee Scott will retire as chief executive early next year and will be succeeded by Mike Duke, who heads its international operations.
Premium jeans brand True Religion Apparel Inc's third-quarter earnings beat market estimates, helped by a strong performance at its wholesale business within the United States, and raised its 2008 outlook, sending its shares up more than 10 percent.
Levi Strauss & Co said on Friday its chief financial officer was leaving the privately held jeans maker to pursue other opportunities, and would be replaced on an interim basis by its corporate controller.
Premium jeans brand True Religion Apparel Inc is focused on increasing its penetration into existing retail accounts, given recent record-breaking sales trends, the company's chief financial officer said on Tuesday.
Bankrupt U.S. department store chain Boscov's Inc will begin store closing sales at 10 stores on Saturday as part of its restructuring plan, according to liquidation company Gordon Brothers Group on Friday.
Milkman's son Lee McQueen, whose party trick is a reverse pterodactyl impression, has been hired as Alan Sugar's 100,000 pounds-a-year "Apprentice," beating hot favourite Claire Young in the final of the business TV show.
Italian casual clothing brand Diesel on Monday April 21th unveiled a new flagship store in Tokyo, its biggest in Asia, setting its sights on hip baby boomers and ageing fashionistas amid a shrinking youth market.