Zale Corp posted a quarterly net loss on Wednesday 27 May that was deeper than Wall Street's expectations, as the recession hampered demand for jewelry, and its shares fell 6.7 percent in premarket trade.
After the announcement of losses in the first quarter, Mariella Burani Fashion Group announced last week that it wanted to step back from the field of jewellery; on the 26th of May it sold 50% of its shares in Rosato.
Italy eyewear company Safilo SpA's talks with private equity funds on taking a stake in the company could slip beyond the end-June target for completion, a source close to the talks said on Friday 22 May.
Mariella Burani Fashion Group started the year with a first quarter loss of €1.7 million before tax, miles apart from the €16.7 million in raw profit seen a year earlier. Now, after the report from the merger with Antichi Pelletieri, the group is restructuring
New York & Co Inc posted a first-quarter loss and a 15 percent drop in same-store sales, and said it expects a similar trend in the second quarter, sending the women's-apparel chain's shares down 23 percent.
AnnTaylor Stores Corp reported a smaller-than-expected quarterly loss on Wednesday 20 May as tight inventory management and cost-cutting improved margins, but it gave a cautious forecast, helping to send its shares down 2.9 percent.
Tween Brands Inc reported a narrower-than-expected first-quarter loss, aided by a tight control of expenses and inventory levels, and said it was on track to "comfortably satisfy" its credit facility covenants.