Women's apparel retailer Bebe Stores Inc posted a lower-than-expected quarterly sales as the retailer continues to see mall traffic dwindle. For the second-quarter ended Jan 2, sales fell 23 percent to $135.5 million compared with $176.3 million a year ago.
Europe's retailers are braced for a tough 2010 amid signs a tentative economic recovery has yet to boost consumer spending and fears high unemployment and low wage growth will dampen confidence in the months ahead.
A better-than-expected Christmas performance from British sportswear and fashion retailer JD Sports Fashion reflected a cut in competitor capacity and a strong product proposition, its chief executive said.
Belgian luxury bra and knickers maker Van de Velde NV said sales growth in 2009 beat its expectations and added that as far as it could tell the first half of the current year would see a broadly similar increase.
Christopher & Banks Corp reported a quarterly profit at the low end of its outlook range issued last month, missing market estimates, hurt by a higher-than-expected tax rate, sending its shares down 12 percent in after-market trade.