Shares of Skechers USA Inc fell more than 29 percent to a five-year low Friday, a day after the shoe maker forecast a surprise fourth-quarter loss and warned of a bleak 2009 as inventory-related costs ate into the company's margins.
U.S. regional luxury retailer Fortunoff filed for Chapter 11 bankruptcy protection on Thursday and said it will try to sell the business, but if it cannot it will close its doors.
Anglo-Dutch food and cosmetics giant Unilever on Thursday reported a 51-percent rise in net earnings in the fourth quarter of 2008 but cancelled 2010 growth targets due to uncertainty.
US cosmetics company Estee Lauder said Thursday it would eliminate 2,000 jobs in a major streamlining after profits plunged in the latest quarter.
French luxury goods maker LVMH reported a slight rise in profits for 2008 on Thursday but declined to set targets for this year because of the highly uncertain economic environment.
Cosmetics and perfume company Elizabeth Arden Inc posted a sharply lower second-quarter profit on Thursday, but topped Wall Street's expectations, as sales took a hit from weak demand during the holiday shopping season.
International Flavors & Fragrances Inc posted better-than-expected fourth-quarter results on Thursday, helped by higher prices and strong growth in the Asia. Net income rose to $49 million, or 62 cents a share, from $47.
Signet Jewelers, the Anglo-American jewellery retailer, reported on Thursday a sharp fall in fourth-quarter underlying sales and said it would outline plans to cut costs and generate more cash in March.
Jeweler Finlay Enterprises, stung by liquidity woes, reported a 20 percent fall in fourth-quarter sales as U.S. consumers curtailed spending amid a weak economy. In December, the company warned that the U.S.
Polo Ralph Lauren Corp (RL.N) reported a much higher-than-expected quarterly profit on Wednesday, helped by stronger sales and profit margins in its international wholesale business, sending the fashion company's shares up 2.
Shoe maker Wolverine World Wide Inc (WWW.N) reported higher-than-expected fourth-quarter results as strong sales of its core brands offset foreign exchange headwinds, and forecast 2009 earnings in line with analysts' estimates.
Teen clothing retailer Hot Topic Inc posted January same-store sales that handily beat Wall Street estimates, and it said fourth-quarter sales rose 8 percent.
Shares in Italy's IT Holding were suspended from trading on Tuesday pending a statement from the fashion company, the Milan bourse said.
Sales for the full six months ended 1 February 2009 were down -2.84% on the same period last year. Sales for the key month of December 2008 showed a decline of -4.6% on last year.
Nike is experiencing a sharp increase in online sales, driven in part by cost-conscious shoppers conserving gasoline, the U.S. company's chief executive said on Saturday.
