Italian eyewear maker Safilo SpA's main shareholder said it was in talks with potential investors and could dilute its stake in the company, boosting Safilo shares on hopes of a cash injection. Only 3T, which has 39.
Italian eyewear production has fallen more than 10 percent during the first quarter, following a decline which started with weakening demand last year, the head of industry body Anfao said on Thursday.
In these cash-strapped times, Belgian designer Dries Van Noten wisely built his collection Sunday for Paris fashion week around a wardrobe staple: the classic winter coat.Women may think twice in a recession about frittering on fripperies.
Footwear retailer Brown Shoe Co Inc posted a quarterly loss hurt by expenses and a weak retail environment, and said it expects a loss for the first quarter as well, given the challenging economic conditions.
Hong Kong-based retailer Esprit Holdings on Tuesday reported a profit attributable to shareholders of HK$2.85 billion for the second half of 2008, down 13.4 percent from HK$3.29 billion in the same period of 2007.
JP Morgan upgraded Family Dollar Stores Inc a notch to "neutral" on Friday, a day after the discount retailer posted comparable sales much above analyst estimates, and also raised its price target on the stock by $10 to $29.
AnnTaylor Stores Corp posted a loss almost twice as big as Wall Street expected on Friday, hurt by aggressive markdowns, and plans to would close 46 more stores as professional women buy less of its work-friendly clothing in the recession.
Athletic-shoes maker K-Swiss Inc swung to a fourth-quarter loss, which was wider than analysts' average estimate, and forecast weak 2009 results as it was hurt by a 36 percent drop in advance orders, sending its shares to their lowest in more than seven years.
Adidas will focus on paying down debt this year, Chief Financial Officer Robin Stalker said on Wednesday. The world's second-biggest sporting goods maker also said it planned no further share buybacks. Adidas shares rose 3.
Teen-clothing retailer Hot Topic Inc reported a February comparable-store sales rise of 10.8 percent that handsomely beat the Wall Street estimate of a 4.8 percent increase, sending its shares up as much as 9 percent.
U.S. lawmakers introduced a bill Wednesday to allow duty-free import of goods made in special zones in Afghanistan and Pakistan in an effort to combat extremism there through investment and job creation.
Foot Locker Inc posted a net loss compared with a year-ago profit on Wednesday due to impairment charges and the costs of store closure, and declined to provide a 2009 outlook. The athletic shoe retailer's shares fell more than 3 percent.