China's textile industry, after surging to domination of world markets, is losing its competitive advantage and some low-end operations are moving to emerging producers, a leading Chinese textile mill official said.
Clothing and accessories maker Liz Claiborne Inc reported better-than-expected adjusted earnings on Wednesday, helped by cost-cutting and strong sales at Juicy Couture, but narrowed the range of its full-year outlook due to economic uncertainty.
The blond hair, pert nose and twinkling eyes of the shapely doll were unmistakably Barbie, but what was she doing attached to a prehistoric bug? Welcome to San Francisco's annual "Altered Barbie" exhibition.
U.S.-focused consumer goods exporter Li & Fung said on Wednesday it will pay $330 million to buy U.S. handbag importer Van Zeeland to become a leading handbag supplier in the United states. Li & Fung, which counts U.S.
Shares of Liz Claiborne fell 6.1 percent to $14 in pre-market trade on Wednesday after the clothing and accessories maker reported better-than-expected adjusted earnings, but narrowed the range of its full-year outlook due to economic uncertainty.
The adjectives hip, chic and fashionable are not usually used when speaking of Sears, an American retailer better known for selling practical items like power tools and appliances, sturdy jeans and boxy shirts.
U.S. retail stocks rallied on Monday as a drop in oil prices fueled optimism about a possible rebound in consumer spending and hopes that earnings will prove better than expected. The Standard & Poor's Retailing Industry Group Index rose 4.
Teen-apparel retailer Tween Brands Inc posted a surprise second-quarter loss on weak sales of its core Limited Too brand and said it plans to close 26 underperforming Limited Too stores by the end of 2008, sending its shares down 17 percent.