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.
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.
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.
Watchmaker Fossil Inc posted better-than-expected quarterly results, but cut its fourth-quarter earnings outlook to reflect a weaker economy and pressure from the strengthening U.S. dollar, sending its shares down 6 percent.
Online fashion retailer EBTM Plc said on Friday it expects to post a small operating loss for the first half, mainly on challenging trading conditions for its wholesale division, and its shares fell 38 percent in morning trade.
World No. 2 sporting goods maker Adidas abandoned its 2009 outlook in light of growing economic uncertainty but still confirmed on Thursday its forecasts for this year. Adidas shares dropped 9.4 percent to 26.71 euros by 1025 GMT underperforming a 4.