
Steven Madden Ltd's (SHOO.O) young customers were drawn to the shoe maker's flat suede boots during the holidays, pointing to its keen sense for fashion that sells even during a recession.
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Steven Madden Ltd's (SHOO.O) young customers were drawn to the shoe maker's flat suede boots during the holidays, pointing to its keen sense for fashion that sells even during a recession.
Jones Apparel Group Inc reported a smaller-than-expected quarterly loss on Wednesday and said its cash position improved, sending shares up 11 percent.
As the relentless downturn in the economy drives shoppers to buy less and hold out for extreme deals, U.S. department store operators can wave goodbye to any marked improvement in their fortunes before 2010.
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.
Goldman Sachs downgraded fashion company Polo Ralph Lauren Corp to "sell" from "neutral," as it saw risk to the company's earnings from a shift in customer spending.
Upscale retailer Neiman Marcus Group Inc NMRCUS.UL is inviting some of its best and loyal customers to special trunk shows or meetings with designers in hopes they will buy new fashion items at full price.
US retailers revealed Thursday the extent of dismal sales in the crucial year-end holiday shopping season, when wary consumers snapped their wallets shut in the face of a deepening recession.
Not since at least 1970 has holiday shopping in the United States posted such dismal numbers, according to data released on Tuesday that was likely to prompt retailers to curtail their business even more in 2009.
Many retailers posted sharply lower November sales at stores open at least a year, prompting some investors to pour into the sector on hopes the dismal results signaled a bottom for share values.
Shares of bookseller Borders Group Inc and athletic shoe seller Finish Line Inc plummeted during volatile trading in consumer stocks on Friday, November 21st as fears of a worsening retail environment took hold days b...