Underwear maker Maidenform Brands Inc (MFB.N) said it would cut about 9 percent of its workforce and forecast lower-than-expected 2008 results, hurt by global economic slowdown and costs associated with restructuring.
Online spending rose 14.2 percent on the year in December, outperforming the wider retail industry but slowing from earlier in 2008 and suggesting the sector is not immune to economic downturn, a survey found.
Associated British Foods Plc said on Thursday that its Primark retail chain's like-for-like sales rose about 4 percent in its first-quarter over Christmas as trading beat its own expectations despite the economic slowdown.
Pou Sheng International, a sportswear retailing arm of Yue Yuen Industrial (0551.HK), said on Thursday it planned to expand its store network in China via a deal worth about HK$793 million ($101.7 million). Pou Sheng (3813.
Clothing retailer Truworths International Ltd (TRUJ.J) said on Thursday it expects to report a 12-17 percent increase in first-half earnings per share (EPS) as new stores and higher prices boost sales.
Regional department store chain Gottschalks Inc (GOTT.PK) said on Wednesday it filed to reorganize under bankruptcy protection, while apparel chain Goody's LLC plans to liquidate its remaining 282 stores in a return to Chapter 11.