The move to more sustainable, earth-friendly clothing, shoes and other consumer goods may be at a "tipping point" of mainstream acceptance, and major companies like Nike and eBay are recognizing their growing importance among global shoppers.
Levi Strauss & Co said on Friday its chief financial officer was leaving the privately held jeans maker to pursue other opportunities, and would be replaced on an interim basis by its corporate controller.
Italian clothing retailer Benetton Group SpA said on Friday sales growth this year would be around 6 percent, the low end of medium-term goals, after reporting a 5.1 percent rise in turnover in the first half.
Competition and a move away from tailored dressing, only exacerbated by a weak economy, are hurting the men's suit business hard, and retailers are adding to manufacturers' pain by demanding more discounts.
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.
Sports apparel maker Quiksilver Inc said on Wednesday it agreed to sell its Rossignol business to a group led by Rossignol's former CEO for 100 million euros ($147 million), sending its shares up as much as 15 percent.
Shares in Esprit Holdings, the world's No. 5 fashion retailer, plunged nearly a fifth on Thursday to their lowest in two years after the firm missed earnings forecasts and warned investors of tougher times ahead.
MILAN (Reuters Life!) - Julia Roberts has returned to work with Italian fashion designer Giorgio Armani to raise money for the fight against AIDS in Africa, designing a T-shirt to be sold under the "Red" label.
Women's apparel retailer Talbots Inc reassured investors that cost controls and better merchandise would keep its earnings forecast on track this year despite a slowdown in consumer spending, sending its shares up more than 30 percent on Wednesday August 27th.
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.