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.
Under Armour Inc said on Thursday fourth-quarter profit fell by more than half as its apparel revenues were hurt by weak orders and more cancellations from U.S. retailers, but the result matched Wall Street's lowered expectations.
Outerwear maker Columbia Sportswear Co said on Thursday that quarterly net profit fell by more than half, hurt by falling revenue, the impact of a stronger dollar and acquisition-related charges, and shares fell 11 percent.
Swatch Group, the world's largest watchmaker, expects 2009 sales to rise modestly as it anticipates a pick up in consumer spending in the second half of the year after a challenging first half. Gross sales rose 4.3 percent to 6.
Shoe and bag maker Tod's will update on the key Christmas period this week, and like other Italian fashion companies is likely to show that sales went better than expected but maybe at the cost of margins.
U.S. handbag maker Coach Inc reported lower quarterly profit on Wednesday, hurt by the slowdown in consumer spending that made the 2008 holiday season the retail industry's weakest in decades, and cut back on expansion plans.