With recession ripping a hole in the U.S. retail industry, designers are struggling to come up with clothes women feel they can't do without as they unveil their collections at New York's fashion shows this week.
The Christian Dior luxury holding giant revealed a sharp slide in performance on Monday with a drop in fashion clothing profits after its main unit LVMH reported strains from the financial crisis.Christian Dior reported a 9.
Stall owners at Beijing's Silk Street Market, for years famous for its knock-off designer ware, protested at a law firm representing trademark holders this week after seven were suspended for selling pirated goods.
Footwear retailer Brown Shoe Co Inc said it expects to cut 12 percent to 14 percent of its domestic work force, excluding stores and distribution centers, and take a charge of $27 million to $30 million related to its cost-reduction actions.
Signet Jewelers, the Anglo-American jewellery retailer, reported on Thursday a sharp fall in fourth-quarter underlying sales and said it would outline plans to cut costs and generate more cash in March.
Jeweler Finlay Enterprises, stung by liquidity woes, reported a 20 percent fall in fourth-quarter sales as U.S. consumers curtailed spending amid a weak economy. In December, the company warned that the U.S.
Shoe maker Wolverine World Wide Inc (WWW.N) reported higher-than-expected fourth-quarter results as strong sales of its core brands offset foreign exchange headwinds, and forecast 2009 earnings in line with analysts' estimates.
Recession-hit brides looking for that something borrowed to complete their outfit can rent gold tiaras from a major Japanese jeweler which unveiled pieces worth over a million dollars despite the faltering economy.