Apparel maker Quiksilver Inc posted a quarterly profit that was in line with market expectations as improved cost-cutting efforts partially offset a continued slump in sales, but it expects to post a fourth-quarter loss in the mid-single digit range.
Shares of Zumiez Inc soared as much as 22 percent, a day after the company reported a narrower-than-expected decline in August sales at stores open at least a year, prompting a brokerage to upgrade the stock.
U.S. retailers reported August sales that showed some signs that the economic downturn was easing, but a late Labor Day holiday and muted consumer enthusiasm weighed on results in the key back-to-school season.
British haulier Wincanton Plc said it was awarded three, five-year contracts worth a total of 275 million pounds ($447.6 million) from Marks & Spencer to run certain areas of the retailer's supply chain.
Specialist materials group Low & Bonar Plc said it has appointed Steve Good as group chief executive with immediate effect after the resignation of Paul Forman, who is leaving the company to become CEO of Coats Plc.
Footwear retailer Collective Brands Inc posted a quarterly profit that trailed market expectations, hurt by the expiration of its Tommy Hilfiger adult footwear license and unfavorable foreign currency exchange rates, sending its shares down 6 percent.
U.S. luxury retail chain Barneys New York is not considering an imminent restructuring of its business, but is looking into its options as consumers still hold tightly onto their wallets ahead of the upcoming holiday shopping season.