http://www.wgsn.com/public/rss/wgsn_news.xml WGSN Daily News en-gb Thu, 02 Jul 2009 11:48:48 +0100 Copyright: (C)Worth Global Style Network, http://www.wgsn.com/public/html/about-company.htm http://www.wgsn.com/public/html/about-company.htm 15 http://www.wgsn.com/public/images/homepages/wgsn-logo.gif http://www.wgsn.com Japanese retail giant Seven & I Holdings reported a 17.5% drop in Q1 profit as cost cuts failed to offset sharp sales declines at its department stores and supermarkets amid the slide in consumer spending. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F10_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/10_2009jul02 Thu, 02 Jul 2009 23:49:00 +0100 Japan's Fast Retailing Co said Thursday (July 2) that June same-store sales at its domestic Uniqlo casualwear chain grew 6.4% on year, extending a string of year-on-year gains to eight consecutive months. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F20_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/20_2009jul02 Thu, 02 Jul 2009 23:39:00 +0100 The majority of South Korean retailers are optimistic about Q3 business conditions on improved consumer sentiment and hopes of a rise in sales, a poll showed Thursday (July 2). http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F30_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/30_2009jul02 Thu, 02 Jul 2009 23:29:00 +0100 German retail sales are now expected to fall 2% this year, compared with a previous forecast for flat to 1% growth, according to retail industry group HDE. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F40_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/40_2009jul02 Thu, 02 Jul 2009 23:19:00 +0100 Some 1,800 American Apparel Inc workers may not be eligible to work in the US, the apparel producer and retailer admitted Wednesday (July 1). http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F50_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/50_2009jul02 Thu, 02 Jul 2009 23:09:00 +0100 Teen apparel maker Aeropostale Inc is expected to continue its impressive fiscal run as its balance between price and on-trend merchandise will keep it ahead of its sector rivals in the upcoming back-to-school season, several analysts said Wednesday (July 1) following a preview of the retailer's offerings. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F60_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/60_2009jul02 Thu, 02 Jul 2009 22:59:00 +0100 Italian fashion house Prada SpA presented a new industrial plan to its creditors Wednesday (July 1) and received a two-year loan extension, Italian daily Il Messaggero reported Thursday. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F70_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/70_2009jul02 Thu, 02 Jul 2009 22:49:00 +0100 The North American arm of higher-end beauty products retailer Crabtree & Evelyn has filed for bankruptcy protection. The company, based in Connecticut, has 126 US stores employing about 950 people. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F80_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/80_2009jul02 Thu, 02 Jul 2009 22:39:00 +0100 Indian textile company Arvind Ltd has cancelled plans to launch three Hartmarx brands following the US company's takeover by S Kumars Nationwide Ltd. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F90_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/90_2009jul02 Thu, 02 Jul 2009 22:29:00 +0100 A hot and steamy Bread & butter launched its new Berlin show with anticipated protesters nowhere to be seen, despite an abundance of police amid the 3,500 exhibitors. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F95_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/95_2009jul02 Thu, 02 Jul 2009 22:24:00 +0100 A union representing nearly 2,000 workers laid off in Thailand by lingerie maker Triumph have written to the country's prime minister claiming the dismissals were not lawful. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F100_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/100_2009jul02 Thu, 02 Jul 2009 22:19:00 +0100 Valentino Fashion Group's lenders are pushing to renegotiate the Italian luxury group's debt by the end of the summer to help it avoid defaulting on debt payments, unnamed sources told Dow Jones. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F110_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/110_2009jul02 Thu, 02 Jul 2009 22:09:00 +0100 German fashion house Escada AG has settled claims from some shareholders over decisions made at its latest general assembly and has pledged to extent subscription rights in future capital increases to its small shareholders. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F120_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/120_2009jul02 Thu, 02 Jul 2009 21:59:00 +0100 Polo Ralph Lauren will continue as official outfitter for the US Olympic and Paralympic Teams in 2010 and 2012, it announced Thursday (July 2). http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F130_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/130_2009jul02 Thu, 02 Jul 2009 21:49:00 +0100 Swiss watch and jewellery maker Chopard expects sales to fall 20% in 2009 and is bracing itself for tough conditions over the next 18 months, its co-president was quoted as saying. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F140_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/140_2009jul02 Thu, 02 Jul 2009 21:39:00 +0100 Italian eyewear giant Safilo SpA has reached an agreement with creditor banks to restructure its outstanding debt, a move that could pave the way for private equity companies Bain Capital and Pai Partners to complete the bidding process to acquire Safilo, financial daily Il Sole 24 Ore reported Thursday (July 2), without citing sources. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F150_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/150_2009jul02 Thu, 02 Jul 2009 21:29:00 +0100 Retail rents in the UK will dive by almost a quarter this year, although in 2010 they should return to sporadic growth, according to a new report by Colliers CRE. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F170_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/170_2009jul02 Thu, 02 Jul 2009 21:09:00 +0100 Chinese luxury watch retailer Xinyu Hengdeli is on the hunt for local acquisitions as it sees signs emerge of a recovery in the country's consumer goods market, its chairman has said. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F180_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/180_2009jul02 Thu, 02 Jul 2009 20:59:00 +0100 Both prices and sales are down at Bulgarian retailers, a survey by the Dnevnik newspaper showed Wednesday (July 1). http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F190_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/190_2009jul02 Thu, 02 Jul 2009 20:49:00 +0100 Fashion retailer Intermix is launching an advertising campaign this month, signifying an evolution in the brand's image. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F200_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/200_2009jul02 Thu, 02 Jul 2009 20:39:00 +0100 JC Penney Co has named Pam Mortensen senior vice-president and general merchandising manager of its fine jewellery division, effective July 27. She will report to executive vice-president and general merchandise manager of home and custom decorating, Jeff Allison. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F210_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/210_2009jul02 Thu, 02 Jul 2009 20:29:00 +0100 Domestic demand spurred on 5.21% growth in China's textile industry between January and May, even while exports fell, the China Textile Industry Council said Monday (June 29). http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F220_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/220_2009jul02 Thu, 02 Jul 2009 20:19:00 +0100 Male grooming brand Gillette has introduced a new global ad campaign, its first in five years. http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F230_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/230_2009jul02 Thu, 02 Jul 2009 20:09:00 +0100 Danish luxury furniture retailer Boconcept Holding AS expects its sales to fall further in 2009/10 although it should drag itself out of the red, it said Tuesday (June 30). http://www.wgsn.com/members/f?url=%2Fmembers%2Fnews%2Fdailynews%2F200907%2F02%2F240_2009jul02 http://www.wgsn.com/members/news/dailynews/200907/02/240_2009jul02 Thu, 02 Jul 2009 19:59:00 +0100