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Gap third-quarter net profit rises 20/11
Gap Inc posted higher quarterly net profit on Thursday, topping Wall Street expectations, helped by lower inventory and cost cutting that boosted margins and offset a decline in sales. |
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DSG and M&S likely Christmas turkeys 20/11
DSG and Marks & Spencer , are tipped to be among the most vulnerable retailers this Christmas as stores begin the battle for the consumer purse. |
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Children's Place Q3 profit soars; shares rise 20/11
Children's Place Retail Stores Inc's quarterly profit almost doubled, driven by higher sales and improved gross margins, sending its shares up as much as 12 percent. For the third quarter ended Nov. 1, the apparel retailer posted net income of $24. |
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Indian buyers help drive jump in world gold demand 20/11
Gold demand leapt by 18 percent globally in the third quarter, boosted by purchases from India, as investors sought shelter from the global financial meltdown, industry officials said Thursday. |
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India's Future Group to make tootpaste, detergents 20/11
India's Future Group, which runs leading listed retailer Pantaloon Retail , is planning to manufacture consumer products like toothpaste, detergents and soap, its chief executive said on Thursday. |
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New York & Co swings to Q3 loss; Q4 outlook weak 20/11
Women's-apparel chain New York & Co Inc forecast a fourth-quarter loss against analysts' expectation of a profit as more discounts hurt margins. |
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Nokia luxury arm eyes expansion despite downturn 20/11
Vertu, the prestige arm of handset maker Nokia, is planning a rapid expansion despite the economic downturn, believing the mobile phone could become the next hit item on the luxury goods market. |
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Top diamond stays on the shelf at Geneva auction 20/11
A 10.48 carat blue diamond failed to sell at a Geneva auction as no one matched the reserve price of 6.7 million Swiss francs (six million dollars), auctioneers Sotheby's said Thursday, blaming the current economic climate. |
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Swiss watch makers hit by weak export data 20/11
Shares in Swiss watchmakers Swatch Group and Richemont fell on Thursday after trade data showed demand for Swiss timepieces had slowed sharply in October. Swiss watch exports rose 0.1 percent in October after a 15. |
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Grim tidings for US Christmas shopping season 20/11
There could be a nasty surprise under the tree for the US economy this Christmas. |
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Kohl's to offer wider price cuts for holidays- WSJ 20/11
Kohl's Corp is to widen its range of discounts after Thanksgiving Day, introduce daily promotions and substantially increase its marketing spend to attract bargain-hunters, the Wall Street Journal said. |
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Warnaco to cut jobs, capital spending 19/11
Warnaco Group Inc , the maker of Calvin Klein jeans and Speedo swimsuits, announced a cost-cutting plan on Wednesday that includes eliminating about 45 corporate jobs and reducing capital expenditures. |
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Counter suit filed over "Project Runway" rights 19/11
The Lifetime cable TV network has counter-sued NBC Universal, Bravo and The Weinstein Company over the rights to the TV program "Project Runway" in the latest legal action that has left the hit show in limbo. |
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Nike, Starbucks calling for new US climate policy 19/11
Nike Inc, Starbucks Corp and investor coalition Ceres are among the founding members of a new coalition calling for strong U.S. climate and energy legislation in early 2009. |
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Marc Jacobs settles with NY over improper payments 19/11
Top fashion designer Marc Jacobs' company agreed to pay New York state $1 million for improper payments made to secure a venue to hold fashion shows, the New York attorney general's office said on Wednesday. |
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Genesco shares hit 6-year low on weak outlook 19/11
Shares of Genesco Inc fell 39 percent to their lowest level in six years on Wednesday, a day after the shoe and hat retailer forecast weak third-quarter results, hurt mainly by lower same-store sales at its Johnston & Murphy Group, and guided its fourth-quarter earnings below Street view. |
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Tween Brands Q3 profit tops Street; withdraws H2 view 19/11
Teen-apparel retailer Tween Brands Inc posted a better-than-expected quarterly profit, but withdrew its outlook for the second half of 2008 due to the challenging macro-economic environment. |
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Retailers launch sales to kick-start Christmas 19/11
Marks & Spencer and Debenhams, two of the country's biggest retailers, will this week hold pre-Christmas sales to stimulate trade after a tough October. |
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Obama brings change ... of wardrobe 19/11
Barack Obama promised to bring change and may just succeed -- at least in the way Americans dress.The 47-year-old president-elect promises to fix the economy, withdraw from Iraq, and catch Osama bin Laden. |
