Luxury goods group Burberry beat forecasts with a 13 percent rise in first-half underlying revenues, but said trading conditions were uncertain and weakness in Spain would hit full-year wholesale revenues.
LVMH , the world's biggest luxury goods group, reported a 4.5 percent rise in nine month sales on Thursday and maintained its full-year outlook. The Paris-based group reported revenues of 11.959 billion euros ($16.
Charming Shoppes Inc more-than-tripled its third-quarter loss estimate as sales were lower-than-expected due to lower consumer demand, sending the women's plus-sized retailer's shares down 23 percent to their lowest levels in more than five years.
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.
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.
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.
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.