Blue Nile Inc (NILE.O) posted a lower quarterly profit that missed expectations as sales fell, and said the economic downturn prevented it from giving a financial outlook, sending its shares down 9.7 percent.
Watchmaker Fossil Inc posted quarterly results in line with estimates, forecast a weak 2009 first-half and said it is in the process of making selective layoffs and other cost-cutting measures in 2009.
Just as flush times gave traditionally staid menswear permission to loosen up, a grim economy is dictating a back-to-basics gravitas and a return to serious business attire. Menswear, never in the vanguard of U.S.
As art collectors flock to Paris next week for a giant sale of works amassed by Yves Saint Laurent and his partner, an auction of hundreds of the designer's vintage pieces a few days later may give them a reason to stay.
The following stocks were on the move at the BSE on Monday. At 12:56 p.m., the benchmark 30-share BSE index was down 3.18 percent at 9,328.58 points. The 50-share National Stock Exchange Index was down 3.1 percent at 2,856.9 points.
With recession ripping a hole in the U.S. retail industry, designers are struggling to come up with clothes women feel they can't do without as they unveil their collections at New York's fashion shows this week.
The Christian Dior luxury holding giant revealed a sharp slide in performance on Monday with a drop in fashion clothing profits after its main unit LVMH reported strains from the financial crisis.Christian Dior reported a 9.