Teen-apparel retailer Tween Brands Inc posted a surprise second-quarter loss on weak sales of its core Limited Too brand and said it plans to close 26 underperforming Limited Too stores by the end of 2008, sending its shares down 17 percent.
Adidas AG, the world's No. 2 sports goods maker, on Thursday played down the short-term business benefits of the Olympic Games but said China would become its second-largest market by the end of the year.
If buying clothes in a bigger size than usual leaves you feeling frumpy, you're not alone, with an Australian poll showing a third of customers find the process frustrating and reason enough to spend more on their wardrobe.
Shoe maker Steven Madden Ltd posted a second-quarter results that topped market estimates, helped by strong sales increases in its Madden Girl and Daniel M. Friedman brands, and backed its 2008 outlook, sending its shares up about 7 percent.
Rising costs and depressed demand could reshape Britain's retail industry over the next 10 years, with bankruptcies and job losses set to rise as companies struggle to adapt, a report showed on Friday.
Retail sales slumped in June at the sharpest rate on record, official figures showed on Thursday, more than wiping out May's record rise and dragging three-month growth down to its weakest since late last year.
Weekly sales at John Lewis JLP.UL department stores surged 5.9 percent compared with the same period last year, reversing four weeks of falls as cash-strapped shoppers flocked to its summer clearance sale.
Macy's Inc is "financially healthy" in spite of the declining value of its share price, Chief Executive Terry Lundgren wrote in a letter to executives on Friday. Macy's sales at stores open at least a year were down 1.
Internet auction giant eBay cannot be held liable for trademark infringement for counterfeit items sold through its website, a US judge ruled Monday 14th of July in a case brought by luxury retailer Tiffany.
Summer weather, aggressive promotions and tax rebates sent many U.S. consumers shopping in June, giving retailers struggling in the weak economy their strongest month in more than a year. About two-thirds of U.S.
U.S. retailers, led by the discounters, are expected to post slightly better June same- store sales this week, thanks to seasonal weather and rebate checks that have made their way to cash registers, mostly for basic items such as gasoline and food.