Columbia Sportswear Co reported better-than-expected fourth-quarter results on improved sales in its footwear, accessories and direct-to-home businesses and said reduced discounting will boost gross margins in the current quarter.
Hit by the crisis, a clutch of France's most exclusive million-dollar jewellers this week staged a joint bid to conquer lucrative markets in emerging nations, unveiling their biggest and best for the first time at Paris couture week.
Struggling British sportswear retailer JJB Sports was dealt a further blow with David Jones, chairman and architect of its rescue, stepping down to continue his long-running battle against Parkinson's Disease.
U.S. retail sales should rise 2.5 percent this year, signaling that store chains have made it through the worst of the downturn as improvements in the housing and job markets bolster shoppers' confidence.
Some of the biggest names in music have donated outfits and other goods to support a special auction raising funds for Oxfam’s emergency response in Haiti, which has raised nearly £35,000 in just its first two days.