J.C. Penney Co Inc and Kohl's Corp said on Wednesday sales at stores open at least a year declined in August as consumers curbed back-to-school spending in a weak economy.
Japan's Fast Retailing Co Ltd said it plans to open Uniqlo casual clothing stores in Russia and India and acquire rivals as it aims to boost sales by 70 percent over the next two years.
Snowboarding gear retailer Zumiez Inc posted a surprise 0.2 percent rise in August sales at stores open at least a year, sending its shares up 6 percent in after-market trading. Six analysts, were on average, expecting same-store sales to fall 3.
Spanish retail sales fell less than expected in July after steep summer sale discounts, but analysts saw no sign they had touched bottom following 8 straight months of decline.
Paris-based luxury group Hermes on Friday posted a solid rise in first-half profits, helped by resilient demand from non-French buyers for its themed silk scarfs and upmarket leather goods.
Footwear retailer DSW Inc reported better-than-expected quarterly results, with a 67 percent rise in earnings, helped by strong merchandise margin rates. The Columbus, Ohio-based company earned $11.0 million, or 25 cents a share, compared with $6.
Shares in Shanghai Metersbonwe Fashion & Accessories Co 002269.SZ, the first major fashion retailer to list in China, rose 34 percent in their market debut on Thursday August 28th, at the low end of analysts' forecasts due in part to a weak stock market.
Esprit , the world's No.5 fashion retailer, lagged forecasts with a 12.5 percent rise in second-half profit, as waning consumer sentiment in its core European market offset a strong euro and sales growth elsewhere.
Premium jeans brand True Religion Apparel Inc is focused on increasing its penetration into existing retail accounts, given recent record-breaking sales trends, the company's chief financial officer said on Tuesday.
Esprit , the world's No.5 fashion retailer, lagged forecasts with a 12.5 percent rise in second-half profit, as waning consumer sentiment in its core European market offset a strong euro and sales growth elsewhere.
U.S. clothing makers are finding retailers that once stocked their stores with a variety of European brands are buying locally, given the cost of doing business internationally with a weak American dollar.
Cautious apparel buyers are foregoing orders to be delivered months down the road and instead are buying for the moment, unwilling to take on excess inventory and unsure over what the future holds.
CVS Caremark Corp will begin testing a high-end beauty store concept this year, looking to tap into growing demand for skin care and cosmetics seen at outlets like LVMH's Sephora chain.
Two Russians who carried out armed robberies in which jewellery worth 1.2 million euros (1.7 million dollars) was stolen have been jailed in Switzerland.
Women's-apparel retailer Bebe Stores Inc posted a better-than-expected fourth-quarter profit, helped by higher merchandise margins, but forecast first-quarter earnings below market estimates.
