Pacific Sunwear of California Inc shares plunged more than 35 percent to their lowest ever level after a weak second half 2008 forecast prompted a slew of brokerage downgrades on the teen-apparel retailer's stock.
Limited Brands Inc posted a better-than-expected 35 percent rise in adjusted quarterly earnings by controlling costs and inventory, and raised its fiscal-year earnings outlook, sending shares up 10 percent.
Gap Inc said on Thursday that higher profit margins contributed to a rise in quarterly net profit that beat Wall Street projections by a penny, even as sales trends proved disappointing at its chains. Gap shares rose 1.
Snowboarding gear retailer Zumiez Inc posted a better-than-expected quarterly profit, but lowered its fiscal 2008 outlook citing a challenging macro environment, sending its shares down as much as 8 percent.
Hot Topic Inc, a teen-clothing retailer, posted a narrower-than-expected loss for the second quarter, helped mainly by strong sales at its Torrid stores, and forecast weaker-than-estimated earnings for the rest of the year, sending its shares down more than 6 percent.
Shares in watchmaker and retailer Peace Mark were suspended Monday after private equity firm CVC Asia Pacific made an indicative offer for shares in the company in what sources called a "white knight" bid.
Belgian luxury lingerie retailer Van de Velde said on Monday it had raised its stake in the world's largest bra maker, Top Form International , to 23.3 percent from 16.4 percent. The shares were purchased at an average of 0.
Swedish fashion giant Hennes & Mauritz posted better-than-expected sales figures for July on Friday August 15th, defying an economic slowdown, as cost-conscious shoppers appeared to favour its moderately priced clothes.