Switzerland's trade surplus was cut by over 27 percent in the first quarter due in part to a boom in imports of gold ornaments from Asia that are being melted down and made into bullion, data showed Thursday 23 April.
Shoe company Deckers Outdoor Corp posted better-than-expected first-quarter results, helped by strength in its UGG brand, but it forecast a second-quarter loss, sending its shares down more than 7 percent.
Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchange rates.
British fashion retailer Alexon Group Plc posted a 79% fall in its full-year adjusted pretax profit mainly on lower margins and a poor performance at its Bay Trading brand, and said that it would not pay a final dividend.
Bought by Estée Lauder Companies in 1999, followed by Sun Capital Partners in 2006, the cosmetics brand Stila has now been acquired by private equity firms Patriarch Partners. Is this a new start for the beauty label?
Coach Inc reported a lower quarterly profit on Tuesday 21 April as consumers cut back on discretionary purchases, but the U.S. handbag and accessories maker said sales were stabilizing at its North American stores, and it initiated a quarterly cash dividend.