British fashion and homewares retailer Laura Ashley said on Tuesday 2 June its total UK retail sales in the first 17 weeks of the current financial year rose 8.4 percent, aided by promotional activity and an increase in retail selling space.
The American consumer products group Procter & Gamble (P&G) announced on Thursday 28 May that it was expecting a profit per share between $3.65 and $3.80 for 2010, well below the expectations of the market, which had hoped for $3.93.
Outdoor goods retailer Blacks Leisure Group plunged into a pretax loss as its surfwear business continued to struggle, and said its request for more debt from lender Lloyds Banking Group was "a big ask."
Gap revealed its results for the first quarter of 2009, which ended on 2 May 2009. The revenues of the American group, which includes the Gap, Banana Republic and Old Navy brands, were lower than last year at $215 million compared with $249 million in the first quarter last year.
After announcing a reinforcement of the interaction between local markets and global organization, the Adidas group has named Roland Auschel and Michael Stanier as director of sales and director of retail respectively.
Cartier will be selling, from the 11th of June, 150 “Lovecharity” bracelets in pink gold, diamond and white ribbon, and will be giving €100 from each bracelet to the charities La Voix de l’Enfant (The Child’s Voice) in France and Fight Aids in Monaco.
Cosmetics maker Revlon Inc said it would eliminate 400 positions worldwide as it seeks to reduce costs, and expects second-quarter results to be hit by retailers cutting inventory levels and foreign currency fluctuations, sending its shares down 15%
Upscale apparel retailer J Crew Group Inc reported on Thursday 28 May that first quarter earnings fell by a third, but beat analysts' estimates, and the company gave an outlook for the a second quarter profit versus Wall Street's expected loss.