Seymour Pierce upgraded British fashion chain Ted Baker to "buy" from "outperform," saying the company should benefit from a strong dollar, a relatively strong balance sheet and growth potential through new store openings.
Gold prices tumbled underneath 800 dollars per ounce on Friday August 15th, hitting a ten-month low point as the precious metal was hampered by the strong US currency and weak oil prices, analysts said.
Bankrupt U.S. department store chain Boscov's Inc will begin store closing sales at 10 stores on Saturday as part of its restructuring plan, according to liquidation company Gordon Brothers Group on Friday.
John Lewis, the employee-owned retailer seen as a barometer of high street trading, said latest weekly sales at its department stores rose 9.3 percent, reflecting helpfully poor weather and weak comparative numbers.
Online fashion firm ASOS hasn't noticed a downturn in consumer spending and is planning a range of initiatives aimed at staying ahead of growing competition from store groups, its chief executive said.
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.
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.
Adidas AG, the world's No. 2 sports goods maker, on Thursday played down the short-term business benefits of the Olympic Games but said China would become its second-largest market by the end of the year.
Shoe maker Steven Madden Ltd posted a second-quarter results that topped market estimates, helped by strong sales increases in its Madden Girl and Daniel M. Friedman brands, and backed its 2008 outlook, sending its shares up about 7 percent.