Recent Entries

• Diesel strengthens its womenswear division

  by Salvatore Volare February 21, 2012
  Diesel is currently struggling to find its feet in the women’s market… But the brand knows how to fix this. For some time now, while Bruno Collin has been in charge of Diesel’s artistic direction worldwide, the Italian brand hired a manager for women’s collections, Finnish designer Heikki Salonen. H...
  2011 comments

• Ugg launches knitwear

  by Salvatore Volare February 21, 2012
  Ugg Australia will not just aim to warm feet but also our bodies with their upcoming launch of sweaters and cardigans. The shoewear brand releases its first knitwear collection for adults from the end of the month. www.uggaustralia.com Thick, V-necked cardigans, hooded jackets, ponchos and jumpers...
  2011 comments

• Volcom fourth quarter profit trumps Wall Street estimates

  by Salvatore Volare February 21, 2012
  www.Volcom.comFeb 25 (Reuters) - Volcom Inc (VLCM.O) posted a fourth-quarter profit that blew past estimates as lower discounting propped margins and said the company was better poised than competitors as it emerges out of the recession. The surfing-inspired apparel maker, which sells to mall-based...
  2011 comments

• Tod's could beat expectations in 2009

  by Salvatore Volare February 21, 2012
  MILAN, Nov 3 (Reuters) - Italian luxury shoe and bag maker Tod's SpA (TOD.MI) could post full-year results that are above market expectations if the Christmas period goes well, the company's chief executive Diego Della Valle said on Tuesday 3 November. www.tods.com In 2010, Tod's aims to improve ma...
  2011 comments

• Alliance Data to buy Charming Shoppes ' credit card ops

  by Salvatore Volare February 21, 2012
  Aug 13 (Reuters) - Charming Shoppes Inc (CHRS.O) said it agreed to sell its private label credit card program to business services company Alliance Data Systems (ADS.N). Lane Bryant, a Charming Shoppes brand - Photo: www.lanebryant.com The companies also entered into a ten-year agreement for the se...
  2011 comments

• Nike slashes 5 percent of global jobs

  by Salvatore Volare February 21, 2012
  By Alexandria Sage SAN FRANCISCO (Reuters) - Nike Inc (NKE.N), the world's largest maker of athletic shoes and apparel, will slash 5 percent of its 35,000-strong global workforce, or 1,750 jobs, in the largest headcount reduction in the company's history. The sweeping overhaul to boost competitivene...
  2011 comments

• Liz Claiborne loan change could trigger CDS-analyst

  by Salvatore Volare February 21, 2012
  www.lizclaiborne.com NEW YORK, Jan 15 (Reuters) - Changes made to Liz Claiborne Inc's bank credit agreements may allow some buyers of protection on the retailer's bonds to seek payments on the contracts, Bank of America said on Thursday. However, illiquidity, or the lack of debt backing the credit ...
  2011 comments

• JC Penney profit falls, forecast light

  by Salvatore Volare February 21, 2012
  NEW YORK (Reuters) - J.C. Penney Co Inc posted a quarterly profit on Friday that beat Wall Street expectations as strong inventory controls offset weaker consumer spending, pushing its shares 6 percent higher. The mid-tier department store operator said net income fell to $117 million, or 52 cents p...
  2011 comments

• American Apparel in talks with restructuring firm

  by Salvatore Volare February 21, 2012
  (Reuters) - Hipster brand American Apparel Inc (APP.A) is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday. American Apparel boutique, Saint Germain, Paris Lender Bank of America (BAC.N) pre...
  2011 comments

• Snow threatens Kashmir's pashmina goats

  by Salvatore Volare February 21, 2012
  SRINAGAR, India, Feb 6, 2008 (AFP) - Some 150,000 rare Himalayan goats whose wool is used to make Indian Kashmir's famed pashmina shawls are at risk of dying due to heavy snow blanketing the region, officials warned on Wednesday, February 6th. Indian Kashmiri boatman sit inside their Shikaras durin...
  2011 comments