Germany's retail sector will see more companies going bust due to overcapacity of around 25 percent and department stores will go down first, the head of German retail group Tengelmann predicted in an interview.
U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a first-quarter loss as inventory cutbacks at its major wholesale partners and lower consumer spending drove a 16 percent fall in revenue.
Steven Madden Ltd raised its 2009 profit outlook and the shoe maker expects to report first-quarter results above market estimates, driven by the performance of the Steve Madden Womens and Madden Girl brands.
Shoe company Deckers Outdoor Corp posted better-than-expected first-quarter results, helped by strength in its UGG brand, but it forecast a second-quarter loss, sending its shares down more than 7 percent.
Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchange rates.
The Italian label Hogan is organizing a number of charitable events for the benefit of Best Buddies International, an association founded in 1989 which helps people with mental disabilities to improve their quality of life by forming friendships and finding a job.