Children's clothing retailer Carter's Inc raised its full-year growth outlook and said earnings may not fall as much as expected, citing continuing strong birth rates, sending its shares up as much as 16 percent.
Fashion label Tommy Hilfiger is trading strongly despite worries over a consumer downturn, but believes financial market turmoil will eventually spill over to affect spending on upmarket brands, its chief executive said.
Competition and a move away from tailored dressing, only exacerbated by a weak economy, are hurting the men's suit business hard, and retailers are adding to manufacturers' pain by demanding more discounts.
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 Indu...