British fashion label Ted Baker reported a slowdown in sales growth in the third quarter of its financial year, hit by a big drop in wholesale sales, and said it was cautious about prospects for the fourth quarter.
Urban Outfitters Inc reported a 31 percent rise in quarterly net profit on Thursday, as the apparel, accessories and home goods retailer got a boost from higher profit margins and sales gains at its chains.
Shares of Perry Ellis International Inc plunged to their lowest levels in almost 8 years, as the apparel maker, stung by bigger discounts and ballooning costs, sees bleak days ahead amid a stormy retail environment.
Mid-market clothes retailers will continue to lose market share to premium stores as shoppers, who have been saturated by product choice in recent years, become more selective, a report released on Thursday said.
For years the undisputed leader at high-end hair salons, L'Oreal is losing its shine as hair stylists turn to cheaper products from rivals such as Germany's Wella and Schwarzkopf to weather an economic downturn.
Philip Green, the billionaire owner of Bhs department stores and the Arcadia group of fashion companies, said he has purchased a 28 percent stake in Moss Bros and was considering making an offer for the mens fashion retailer.