Latest in Business Features
Consumer Confidence Hits New Low
Conference Board says Present Situation and Expectations measures both fall in February.
Fed’s Outlook, Macy’s Spark Retail Stocks Rally Tuesday
Encouraging news boosted retail stocks to their best day in more than two months.
Varvatos Renovates in SoHo… Olszewski’s New Gig…
John Varvatos has closed its SoHo store in Manhattan for two weeks... Paul Olszewski will be an adjunct…
WWD Recommends
Nordstrom Net Drops 67.9 Percent
Upscale department store chain Nordstrom forecasts declines in earnings and sales in new year.
Factors Drop Barneys Over Sale Uncertainty
The financial vise is tightening on Barneys New York.
Penney Profits Fall in Fourth Quarter
Numbers beat expectations; first-quarter loss projected.
Obama Still Seeking Changes in NAFTA
Importers and domestic textile producers are concerned about President Barack Obama's interest in changing…
PPR Reports Stable Profits Despite Economy
Net income in 2008 inched forward 0.1 percent to 875 million euros, or $1.29 billion.
Puma Earnings Tumble 78.8 Percent
Activewear firm Puma's fourth-quarter consolidated sales grew 7 percent, but order backlogs are down.
In Brief: Magaschino Hires CFO… Nautica Signs License…
Magaschoni has hired its first chief financial officer... Nautica Apparel Inc. has signed a licensing…
PacSun Answers Adrenalina Proxy Threat
PacSun questioned the ability of its smaller rival Adrenalina to make an acquisition and criticized the proxy…
Wal-Mart Performance Outpaces Competitions
Wal-Mart's fourth quarter profits fell, but revenues hit record level of $109.1 billion.
Versace Auction Expected to Raise Over $2M
Sotheby’s London will auction Gianni Versace’s furniture, paintings and art works.
Retail Sales Rise, Tough Road Ahead
In January, specialty stores sales lifted 1.6 percent, whereas department store sales slipped 0.3 percent…
Jones Posts Loss Wednesday, but Shares Climb
Results for Jones Apparel beat Wall Street’s expectations.