Ann Taylor Stores Corp posted a bigger-than-expected quarterly profit as its wear-to-work clothes sold well during the holiday quarter, offsetting some margin hurt from discounts by the women's clothes retailer.
Phillips-Van Heusen Corporation and USA Legwear LLC, a division of Basic Resources Inc., have entered into a licensing agreement under which USA Legwear will market and distribute men’s and boys’ hosiery under PVH’s Van Heusen brand.
Women's apparel retailer Coldwater Creek Inc posted weak fourth-quarter results as its products did not sell well during the holiday season and the company does not expect sales to improve in the near term, sending its shares down 12 percent.
Wal-Mart Stores Inc is expanding a program that lets shoppers pick out items online and pick them up in its stores across the United States as it tries to bring people to its stores more often following several quarters of disappointing sales.
Sports Direct, Britain's biggest sporting goods retailer, said none of its employees were under investigation by the Serious Fraud Office as it detailed a 220 million pounds ($355.2 million) refinancing.
Hudson's Bay Co has won the right to launch trendy British fashion brand Topshop in Canada, both as standalone stores and in its Bay department stores, as the influx of foreign retailers into the Canadian market continues.
John Lewis said it would counter a worsening outlook by investing in prices, service and new stores after the British retailer posted a 20 percent rise in full-year profit on the back of rising market share.