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American Eagle, free of Martin, takes on rivals 15-03-2010
American Eagle Outfitters Inc eradicated a drag on its stock with a decision to kill its struggling Martin + Osa chain, but increasing competition may now give investors pause. |
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London's Carnaby Street marks 50 years since Swinging 60s 15-03-2010
London's Carnaby Street, a potent symbol of the Swinging Sixties where the Beatles, the Rolling Stones and Jimi Hendrix hung out, is marking 50 years as a style icon -- and looking to the future. |
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European shares extend gains after US retail data 15-03-2010
European shares extended gains in afternoon trading after data showed sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather. |
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India gold buying extends for second day 15-03-2010
India gold buying continued for a second day ahead of an upcoming festival and wedding season as prices stayed in the vicinity of their two-week lows prompting traders to stock more, dealers said. |
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African textile exports to US drop on uncertainty 15-03-2010
African apparel exports to the United States under a preferential trade arrangement have fallen in the last few years as the expiry date for the deal draws closer, a regional industry body said. |
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Egypt's Alcotexa sold 3,155 tonnes of cotton last week 15-03-2010
Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 3,155 tonnes of cotton in the week that ended on March 13, an Alcotexa official said. |
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Phillips-Van Heusen to buy Hilfiger for $3 billion 15-03-2010
Apparel company Phillips-Van Heusen Corp said it will buy fashion brand Tommy Hilfiger in a cash and stock deal for about $3 billion in a bid to boost its presence in markets like Europe and Asia. |
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Van Cleef to double shops in China 15-03-2010
French jeweller Van Cleef & Arpels will double the number of its shops in mainland China this year, as it regards the fast-growing market as "a priority", its head said. |
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Liberty in sale-leaseback of flasghip London store 15-03-2010
Upmarket British retailer Liberty is selling its distinctive mock Tudor department store building in London's West End for 41.5 million pounds ($62.9 million) to pay off debt. |
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French Connection sells Nicole Farhi 15-03-2010
Fashion group French Connection is selling its loss-making Nicole Farhi brand and closing most of its U.S. stores, completing a restructuring drive aimed at returning it to profitability. |
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Switzerland's Richemont in bid for Net-a-Porter 14-03-2010
Swiss group Richemont has made a bid approach for the luxury clothes online retailer Net-a-Porter, British newspapers said. |
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US Trade Representative Kirk opposes bill to cut shoe import tax 14-03-2010
The top U.S. trade official said he opposed a bill to eliminate import taxes on shoes and other footwear because it would benefit another country too much. |
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Shoppers leave Wal-Mart as economy improves 14-03-2010
As the U.S. economy improves, more of the shoppers who flocked to Wal-Mart to save money during the recession are moving back to the stores they frequented before, a new survey showed. |
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Low Zale credit card sales may end Citi deal early 14-03-2010
Jewelry store operator Zale Corp is mulling whether to pay Citigroup Inc a $6 million penalty for low sales made through the credit cards it issues, or face the early end of an arrangement that finances about 40 percent of its U.S. sales. |
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Fashion house Tom Tailor aims to cut debt with IPO 14-03-2010
German fashion house Tom Tailor plans to float its shares on the Frankfurt stock market in two weeks' time as it aims to raise about 140 million euros ($193 million), mainly to pay down debt. |
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European retail M&A flickering back into life 14-03-2010
Europe's retail sector is set for a pick-up in takeover activity, despite a weak consumer outlook, as groups that restructured in the recession turn their focus to growth and confidence returns to private equity firms. |
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Fendi wins counterfeits injunction against Filene's 14-03-2010
The Italian fashion house Fendi won a court victory when a Manhattan federal judge ordered Filene's Basement to stop selling handbags and other goods bearing the Fendi name or trademark without permission. |
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LVMH watch boss not ruling out acquisitions 14-03-2010
LVMH is not ruling out acquisitions in the watch sector and is confident of returning to profitable growth, the head of the French luxury group's watch and jewellery unit told a Swiss magazine. |
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SuperGroup targets super growth 14-03-2010
The head of SuperGroup, the company behind the Superdry fashion brand worn by celebrities such as David Beckham and Zac Efron, has big ambitions to make it a global player. |
