Underwear maker Hanesbrands Inc reported a quarterly profit that topped Wall Street estimates as cost-reduction efforts helped offset a sales decline, and forecast third-quarter operating margins similar to second-quarter levels.
After having collaborated with the cosmetics brand MAC, Manish Arora is giving a makeover to Nivea Soft cream containers. The Indian designer is redesigning the packaging of this body care product in the colours of her spring-summer 2009 collection.
Bootmaker Timberland Co posted a wider-than-expected quarterly loss, hurt by weakness in its casual footwear and apparel business and a stronger U.S. dollar, and sees the back half of 2009 to continue to be challenging.
Italian luxury group Tod's turned in a 3.4 percent rise in first-half sales, boosted by demand for its shoes. Tod's, famed for its soft loafers and bags, said in a statement sales were 358.9 million euros ($507.7 million).
Apparel maker Hartmarx Corp's sale to private equity firm Emerisque could fall through, the New York Post said. The deal, originally set to close on July 7, has run into trouble over costs related to closing the acquisition.