Outerwear maker Columbia Sportswear Co reported a surprising quarterly net loss after a year-ago profit, as U.S. and European retailers canceled orders of the company's namesake brand in the weakening economy, and its shares fell 12 percent.
French retailer PPR posted better-than-expected second-quarter revenues, helped by sparkling sales at its luxury arm Gucci, but some of its retail units were, as forecast, hurt by sluggish consumer spending.
French luxury group Hermes International on Tuesday posted a 12.8 percent rise in first-half sales, pulled by strong demand for its trademark silks, handbags and perfumes. The 171-year-old company generated revenues of 813.2 million euros.
When Omega first kept time at the 1932 Olympic Games in Los Angeles, it had one technician and 30 stopwatches. For the 1936 Games, watchmaker Paul-Louis Guignard took one suitcase with 185 chronographs to Berlin.
Wolverine World Wide Inc reported a higher-than-expected quarterly profit on Wednesday, citing leaner inventories, but its 2008 outlook disappointed investors, who sent the shoe maker's shares down as much as 11.6 percent.
Nike Inc stressed on Wednesday that it was still a growth company even as U.S. weakness spooked investors, sending shares down 5 percent on a day when the world's largest athletic shoe and apparel maker posted strong international results.
As high gasoline prices and tighter credit lead people to curb their shopping, consumer products companies are renewing their focus on customer service but broadening the concept to try to engage buyers in new ways to win sales.
The U.S. military has had "very, very preliminary" discussions about what to do with its Guantanamo Bay naval base if and when it shuts the prison that has come to define the once-sleepy fuelling station, the base commander said on Wednesday.
Swedish high-street clothing chain H&M reported a 13.6 percent rise in second quarter net profit Wednesday June 18th to 3.93 billion kronor (million dollars, 420 million euros), boosted by favourable exchange rates and strong sales in May.