Children's clothing retailer Gymboree Corp raised its quarterly profit outlook after promotions and new merchandise attracted more shoppers to its stores in March, sending its shares up more than 23 percent.
Swiss food group Nestle and France's Bettencourt family said on Thursday 9 April they would extend their pact on cosmetics company L'Oreal, in which both Nestle and Bettencourt own roughly 30 percent stakes.
Movado Group Inc said it is not in compliance with a financial covenant as it reported a fourth-quarter loss and the watch maker discontinued its dividend, sending its shares down as much as 14 percent.
J.C. Penney Co Inc on Thursday 9 April forecast a smaller first-quarter loss, after the department store chain's March same-store sales fell less than expected, helped by demand for spring merchandise.
Wal-Mart surprised Wall Street on Thursday 9 April with a lower-than-expected rise in March sales while Target Corp posted a sales drop that was not as big as feared and said it is seeing "encouraging signs" in its business.
U.S. retailers that cater to young people ended up at the bottom of the class in terms of March sales, but some of those chains exceeded Wall Street's expectations or set higher quarterly profit targets.
Women's apparel retailer Christopher & Banks Corp posted a wider-than-expected quarterly loss as sales fell due to tightened consumer spending, and it said it would not provide earnings-per-share outlook at this time.
Prada could be in the process of restructuring its debt. This would allow the fashion house to free up funds to open new stores and continue to take advantage of new opportunities in the recession; in effect, a crisis strategy.
The price of cotton rose sharply last week in New York, buoyed – like the majority of raw materials - by the hopes of recovery in global economic activity, whilst American production is expected to decline again this year.
Prospecting underground in the Democratic Republic of Congo since 2005, De Beers is leaving the country. After four years the world leader in uncut diamonds, 45% owned by Anglo American, has judged its results as inconclusive.
Fast Retailing reported 28.7 percent growth in operating profit for the six months ended in February, buoyed by robust sales at its Uniqlo casual clothing chain, and again lifted its operating profit forecast for the full year to August.