The co-founder of the jeans brands Paper Denim & Cloth and Earnest Sewn, Scott Morrison, has been named global director general of Evisu. His task: to relaunch the denim label, which has been losing momentum.
Expected for the past few quarters, the turning point was finally reached between January and March. The demand for gold as a means of financial investment has exceeded the level of demand from the jewellery industry.
Apparel retailers Chico's FAS Inc, Charming Shoppes Inc, American Eagle Outfitters Inc and Polo Ralph Lauren Corp posted better-than-expected quarterly results on Wednesday 27 May, helped by tight management of expenses and inventories.
Zale Corp posted a quarterly net loss on Wednesday 27 May that was deeper than Wall Street's expectations, as the recession hampered demand for jewelry, and its shares fell 6.7 percent in premarket trade.
DSW Inc posted a 31 percent fall in quarterly profit, hurt in part by higher operating expenses, and forecast fiscal 2009 earnings below analysts' estimates, sending the footwear retailer's shares tumbling 15 percent.