Leading global consumer goods exporter Li & Fung on Wednesday 10 June said the insolvency of one of Germany's biggest retailers, Arcandor, would impact the company's three-year plan to boost sales to $20 billion.
Daniel Rodan, Berlin's leather fashion designer to the stars, unveiled a new collection of Berlin Wall art-themed clothing on Tuesday 9 June as part of the 20th anniversary celebrations of the fall of the Cold War barrier.
Talbots Inc posted a much narrower-than-expected loss on Tuesday 9 June, a day after the women's apparel retailer decided to sell its J.Jill division to Golden Gate, and said it would cut corporate headcount across locations by about 20 percent.
Talbots Inc posted a much narrower-than-expected loss on Tuesday 9 June, a day after the women's apparel retailer decided to sell its J.Jill division to Golden Gate, and said it is cutting corporate headcount across all locations by about 20 percent.
For the 2008/2009 financial year, which finished on the 31st of March 2009, Tommy Hilfiger has seen encouraging results. Net sales at the group reached €1.6 billion, an increase of some 21% year-on-year. This performance is in part due to the development strategy of the group.
Wal-Mart Stores Inc's announced a new $15 billion share repurchase plan on Friday 5 June and said market share gains it has made amid the recession are permanent as a "new normal" emerges in which consumers seek to save money.