Guess Inc's second-quarter results beat Wall Street estimates, helped by recovering sales in North America, and bucked a broader trend of falling sales for apparel retailers. Guess shares surged 18 percent in after-market trading.
The Danish group reported consolidated revenues up 1% in its fiscal year 2012/2013, which closed at the end of June. The uptick was attributable to By Malene Birger and Tiger of Sweden and to the group’s activities in Scandinavia. Still, the net results declined by more than 16%.
Australia's Billabong International Ltd on Tuesday said it would conclude a refinancing deal within weeks as its annual net loss more than tripled and sales of its surf and streetware continued to decline in key markets.
Tiffany & Co's strong sales in China and higher prices helped mitigate disappointing business in its home market in the second quarter, leading the U.S. jeweler on Tuesday to raise its profit forecast for the year.
Italian fashion house Trussardi can finance its own investments for at least the next five years but could consider selling a minority stake to secure funds in the future, the family-owned company's chief executive was quoted as saying on Tuesday.
Sports-goods retailer Hibbett Sports Inc slashed its full-year earnings forecast, joining a growing chorus of retailers blaming weakening consumer spending. Hibbett shares fell as much as 10.7 percent to $52.
Skechers, the American footwear brand, reported promising growth for the first six months of fiscal year 2013 and announced net sales of $879 million (656 million euros), up 20% from the same period last year.
Estée Lauder reported an 84 percent rise in fourth-quarter profit, helped by strong sales of its skin care and makeup products and improved operating margins, sending its shares up as much as 5 percent.