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.
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.
China may have overwhelmed the United States -- not to mention the rest of the world -- in its quest for Olympic gold, but when it comes to trade China may be losing its edge. A spate of factors including a weak dollar, sluggish U.S.
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.
Women's apparel retailer Coldwater Creek Inc posted a better-than-expected quarterly profit, helped by reduced inventory levels and lower expenses and reaffirmed its outlook for the third and fourth quarters.
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.
Specialty retailer Charming Shoppes Inc said it will sell its non-core misses apparel catalogs and the related portion of credit card receivables for $75 million in cash, and that it also plans to sell another business as it tries to focus on its core brands.
Riitta Immonen, one of the two founders of Finnish fashion and textile design company Marimekko known for its bold and colourful prints, has died at the age of 90, her biographer said on Monday August 25th.