VF Corp reported a better-than-expected third-quarter profit on Friday as strong sales of its outerwear and fashion clothing brands offset declines in the manufacturer's jeans and sportswear businesses.
Russia, the fourth largest luxury goods market and one of the world's fastest growing, is being hit by the financial crisis, the managing director of the country's biggest luxury goods group, Mercury, told Reuters.
Swedish fashion giant Hennes & Mauritz reported on Wednesday a 2 percent year-on-year fall in sales at established stores in September as the growing crisis in the financial sector weighed on consumer spending.
Philip Green, the billionaire owner of the Bhs department store chain and Arcadia fashion group, said on Wednesday, October 15th he is still working on a deal to buy the debt of Icelandic retail investor Baugur.
Apparel and home furnishings retailer Bon-Ton Stores Inc said it expects fiscal 2008 loss to be at the wider end of its outlook range, citing sales trends in the fall season and continued expectations for a soft holiday season.
UK retailer Philip Green has made billions by spotting bargains and putting his own money on the line. Now he is looking for a deal to take control of swathes of Icelandic investor Baugur's shopping empire.
Retailer Philip Green has made billions by spotting bargains and putting his own money on the line. Now he is looking for a deal to take control of swathes of Icelandic investor Baugur's shopping empire.
U.S. textile groups seeking new restrictions on clothing imports from China won a victory on Thursday when an American lawmaker requested the U.S. International Trade Commission to collect data on the trade.
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.