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.
Luxury goods group Richemont said it was well positioned to cope with the economic downturn as the rich still spent lavishly, but a softening in the United States weighed on its stock. By 0826 GMT (9:26 a.m.
Ashworth Inc , a maker of golf-inspired sportswear, said it was exploring strategic alternatives, including a possible sale of the company, and posted a wider quarterly loss hurt by a fall in gross margin.
U.S. luxury shoppers scaled back spending in August, as concern about a declining stock market depressed consumer confidence among even the wealthiest of customers and stores braced for a prolonged downturn.
Snowboarding gear retailer Zumiez Inc posted a surprise 0.2 percent rise in August sales at stores open at least a year, sending its shares up 6 percent in after-market trading. Six analysts, were on average, expecting same-store sales to fall 3.
French retail and luxury group PPR confirmed its full-year outlook as it posted a first-half current operating profit slightly above forecasts, helped by the sparkling performance of its luxury arm Gucci.
French cosmetics group Clarins on Friday reported a drop in first-half net income to 24 million euros ($35.38 million) from 36.7 million euros a year earlier and renewed recent caution about the impact of currency swings.