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.
Gap Inc, bidding to bring more customers through its doors, announced it had joined with celebrity designer Stella McCartney to roll out a line of children's clothing later this year.
Inditex, owner of global fashion chain Zara, reported a 15 percent drop in first-quarter net profit on Wednesday 10 June due to the difficult economic environment, despite a rise in sales.
Swiss auto parts and textiles company Rieter could consider breaking up its business into separate parts as its battles plummeting demand.
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.
Japanese men are increasingly spending less on diamond engagement rings or not buying them at all, a reflection of the country's sluggish economy and changing views on courtship and marriage.
Layoffs in financial hubs such as London and New York are rippling deep into the grasslands of Mongolia, where herders are suffering as the price of cashmere, a wool used in luxury suits, has plunged.
The market for luxury goods in Dubai became saturated even before the financial crisis hit last year and the sector's exclusivity status runs the risk of being diminished.
Hello Kitty, the Japanese-made global icon of cuteness, will mark her 35th birthday this year by going back to her British roots with a new tartan collection.
French L'Oreal, the world's largest cosmetics group, is in talks with generic drugmaker Perrigo about buying Israeli cosmetics company Careline.
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.
More than nine out of 10 U.S. retailers say they have had merchandise stolen by well-organized crime rings, according to a new report from a leading trade group.
Retailing in Germany is in a deep funk. More and more retail chains are going bust as unemployment rises, consumers cut back on spending and distressed banks refuse to lend more money.
Italian retailer Gruppo Coin SpA's first-quarter results were flat as cost cuts offset weak sales, the company said on Wednesday 10 June. Net profit for the quarter ended April 30 was unchanged at 800,000 euros ($1.13 million).
Luxury goods groups admit they are reluctant to lay off key craftsmen in the economic downturn and some are turning to hiring and salary freezes as the makers of leather goods, jewelry, watches and cars await a recovery.
