Women's apparel retailer Christopher & Banks Corp posted a wider-than-expected quarterly loss as sales fell due to tightened consumer spending, and it said it would not provide earnings-per-share outlook at this time.
The price of cotton rose sharply last week in New York, buoyed – like the majority of raw materials - by the hopes of recovery in global economic activity, whilst American production is expected to decline again this year.
Prospecting underground in the Democratic Republic of Congo since 2005, De Beers is leaving the country. After four years the world leader in uncut diamonds, 45% owned by Anglo American, has judged its results as inconclusive.
South Korea's drug safety agency Thursday banned the sale of 1,122 medical goods which contain talcum powder contaminated with asbestos, and ordered their recall from stores.
Already present in Asia and in Hong Kong, Jimmy Choo has decided to accentuate its presence there. To do so, the shoemaker has signed a joint-venture with Bluebell Far East Limited – an existent partner – to open new boutiques.
Parlux has announced an agreement with Iconic Fragrances, holder of licences for American music stars like Rihanna, Kanye West and Jay-Z, to market perfumes for the stars.
Many U.S. retailers posted lower March sales at stores open at least a year, as shoppers remained focused on necessities and put off spring purchases because of a later Easter holiday this year.
Adidas had a "surprisingly good" start this year in its German home market, its chief executive told a weekly magazine.
Children's clothing retailer Gymboree Corp raised its quarterly profit outlook after promotions and new merchandise attracted more shoppers to its stores in March, sending its shares up more than 23 percent.
Movado Group Inc said it is not in compliance with a financial covenant as it reported a fourth-quarter loss and the watch maker discontinued its dividend, sending its shares down as much as 14 percent.
Wal-Mart surprised Wall Street on Thursday 9 April with a lower-than-expected rise in March sales while Target Corp posted a sales drop that was not as big as feared and said it is seeing "encouraging signs" in its business.
U.S. retailers that cater to young people ended up at the bottom of the class in terms of March sales, but some of those chains exceeded Wall Street's expectations or set higher quarterly profit targets.
British sports and fashion chain JD Sports said sales since January were up 0.3 percent on the same period in 2008, while full year results came in ahead of analyst expectations.
Snowboarding gear retailer Zumiez Inc posted a wider-than-expected 17.9 percent drop in March same-store sales due to weak sales at its apparel and accessories business.
Teen-clothing retailer Hot Topic Inc posted a 7.1 percent rise in March same-store sales, riding on strong DVD sales of the popular teen vampire movie "Twilight," and raised its first-quarter earnings outlook.