Europe's biggest clothing chain, Inditex, said on Thursday it had signed an agreement with Indian conglomerate the Tata Group to open stores in India, as it pushes ahead with aggressive international expansion.
Esprit Holdings, the world's No.5 fashion retailer, posted its first profit decline in a decade in the first half of 2008-09 as a global economic crisis gripped its key markets in Europe and Asia. July-December net profit fell to HK$2.
Icelandic holding company Baugur, which has major retail interests in Britain, said on Wednesday it had applied for court protection after restructuring talks with its lenders failed. "This morning Baugur .
Liz Claiborne Inc said on Tuesday that it planned to cut 725 jobs, or 8 percent of its U.S. workforce, to reduce costs in a weak retail market, sending the fashion company's shares up nearly 7 percent.
Macy's Inc said on Monday it would slash about 7,000 jobs and cut its quarterly dividend as it forecast earnings for fiscal 2009 that fell far below Wall Street expectations, sending its shares down 4 percent.
Retail Ventures Inc is exploring strategic options to address a risk to liquidity at the company and its Filene's Basement unit, and is in talks with lenders about the effect of store closures on one of the unit's credit agreements, sending its shares down 10 percent.