Footwear maker Deckers Outdoor Corp raised its third-quarter outlook and reaffirmed its fourth-quarter forecast as robust demand for its core UGG brand propelled sales at U.S. stores and overseas markets.
Men's Wearhouse slashed its third-quarter profit outlook by about 33 percent as its U.S. stores saw fewer shoppers due to challenging economic conditions, sending its shares down more than 10 percent. U.S.
Nearly half of U.S. retailers have seen their lenders tighten credit this year, and a majority don't expect a turnaround in the economy to occur before the second quarter of next year, according to a new study.
Hennes & Mauritz , the world's third-biggest clothing retailer by sales, reported lower-than-expected third-quarter pretax profits on Tuesday as sales slipped in tough market conditions. The firm made a pretax profit of 4.
Lanvin is in talks to sell a stake to a Qatar-based investor in a deal that could value the French fashion house at around 150 million euros ($220 million), according to industry and financial sources close to the matter.
Sports and fashion retailer JD Sports Fashion bucked the gloomy sector trend, with a 54 percent rise in first-half profit, boosted by sales of cutting-edge trainers, sending its shares over 5 percent higher.
Women's apparel retailer Cache Inc forecast a loss for the third quarter and took a gloomy view for the fourth quarter due to softer-than-expected sales amid tough economic conditions, worsened by the recent hurricanes.
New Zealand children's clothing maker and retailer Pumpkin Patch Ltd. on Wednesday reported a 28 percent fall in full year net profit, on the back of tough retail markets and higher costs. Net profit after tax for the year ended July 31 was NZ$17.