British designer brand Ted Baker reported a 3.6 percent rise in full-year adjusted pretax profit, helped by strong performance of its retail division, but said it expected 2010 to be a tough year for its UK wholesale customers.
Kiran Rai never thought a sarcastic sense of humor would be the foundation for her own apparel business. The single mother designed a t-shirt with the slogan "Adopt me, Angelina", poking fun at actress Angelina Jolie.
Retailers Kingfisher and Next raised hopes they can lift profits this year by cutting costs and keener purchasing even if Britain's consumers face a tough time as the government moves to cut borrowing.
Saks Inc Chief Executive Stephen Sadove raised the possibility of the luxury department store operator closing a handful of underperforming stores as the retailer seeks to lift margins back to 2007 levels.