
Retail stocks have been slashed as the financial crisis has hit consumer spending and brought an end to a buying binge.
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Retail stocks have been slashed as the financial crisis has hit consumer spending and brought an end to a buying binge.
Swedish fashion group Hennes & Mauritz posted a shallower-than-expected fall in October underlying sales on Monday, raising hopes its focus on low-cost clothing would shield it from a consumer downturn.
Hennes & Mauritz , the fashion giant noted for its high-profile guest designers, on Thursday launched new lines by Comme des Garcons founder Rei Kawakubo.
Retail sales in Spain are down around six percent and the textile industry has lost 70,000 jobs since last year, but investors can retain some hope for Spanish clothing retailer Inditex.
Swedish fashion giant Hennes & Mauritz still expects sales in Germany to grow this year despite weakening consumer sentiment in Europe's largest economy, the company's German head said on Tuesday, October 21st.
Designer boutiques in Tokyo are still packed with well-dressed young people, but these days, few of them carry shopping bags.
Swedish fashion giant Hennes & Mauritz reported on Wednesday a 2 percent year-on-year fall in sales at established stores in September as the growing crisis in the financial sector weighed on consumer spending.
"Made in Bangladesh" is set for a makeover after the Asian nation's key apparel sector signed up a London fashion design school to help it appeal to more trendy and quality-conscious buyers.
Hennes & Mauritz , the world's third-biggest clothing retailer by sales, reported lower-than-expected third-quarter pretax profits on Tuesday as sales slipped in tough market conditions.The firm made a pretax profit...
Sweden's fashion giant H and M has been given a green light to set up shop on the Champs-Elysees, despite an outcry over global chain stores taking over the famed avenue, city officials said Friday.