Men's Wearhouse posted a better-than-expected quarterly profit, helped by cost-cutting measures and operational efficiencies, and forecast second-quarter profit that could exceed analysts' estimates, sending its shares up nearly 9 percent.
As sales of luxury goods decline in the global economic slowdown, brands that run their own stores, are backed by corporate parents, or have lead positions on department store floors are poised to come out ahead.
Wal-Mart Stores Inc's announced a new $15 billion share repurchase plan on Friday 5 June and said market share gains it has made amid the recession are permanent as a "new normal" emerges in which consumers seek to save money.
U.S. retailers' efforts to cut costs and reduce inventory mean sale signs offering 80 percent off could be in short supply this upcoming Christmas season, according to Barclays Capital retail analyst Robert Drbul.
Incontrovertible in fashion the 70s, the brand Dorothée Bis is coming back to its roots after almost fifty years. From the beginning of September it can be found in a new Parisian boutique at 81 Rue de Sèvres; a Parisian address that will be equal parts flashback and comeback.