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Aug 17, 2011

Chico’s sees slowdown as consumer sentiment wavers

BANGALORE, Aug 17 (Reuters) – Women’s clothes retailer
Chico’s FAS Inc’s warned that sales growth had softened
in recent weeks, joining a host of retailers that have flagged
concerns over consumer sentiment during the crucial
back-to-school season.

Shares of Chico’s, which also moved to buy privately held
Boston Proper for $205 million, fell as much as 7 percent on
Wednesday, while the broader S&P Retail Index was down
1.52 percent.

Aug 17, 2011

Abercrombie warns on sentiment, analysts unfazed

BANGALORE (Reuters) – Teen retailer Abercrombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz) flagged trouble ahead for retailers during the crucial back-to-school selling season, saying it was “entering a period of greater uncertainty,” sending its shares down as much as 7 percent.

Americans, rattled by the possibility of a possible double-dip recession, high unemployment and stagnant wages, saw consumer sentiment drop to its lowest point in more than three decades in early August.

Jul 27, 2011

Crocs Q2 beats estimates, Skechers misses

BANGALORE (Reuters) – Footwear company Crocs Inc (CROX.O: Quote, Profile, Research, Stock Buzz) beat estimates on strong demand, while Skechers USA Inc’s (SKX.N: Quote, Profile, Research, Stock Buzz) loss was wider than expected as fewer people bought its toning shoes and the company got stuck with excess inventory.

Shares of Crocs were up 10 percent in trading after the bell.

While Crocs expects a strong second half of the year and its strong sales trends to continue into the back-to-school season, Skechers said it was apprehensive about the future and that the “second half of 2011 will pose more challenges.”

Jul 22, 2011

Francesca’s shares soar on debut

BANGALORE, July 22 (Reuters) – Women’s specialty retailer
Francesca’s Holdings Corp’s (FRAN.O: Quote, Profile, Research) shares rose more than 40
percent in their first day of trading, valuing the company at
about $1 billion.

Francesca’s strong debut stood out in a lackluster IPO
market, barring the few Internet-related listings earlier this
year.

Jul 19, 2011

Frugal is in: deals to drive back-to-school shopping for clothes

BANGALORE (Reuters) – For young Americans, frugal dressing is in this back-to-school season.

Retailers like Abercombie & Fitch (ANF.N: Quote, Profile, Research, Stock Buzz), Aeropostale (ARO.N: Quote, Profile, Research, Stock Buzz) and Zumiez (ZUMZ.O: Quote, Profile, Research, Stock Buzz) may be showing off offers and promotions, but shoppers on skimpy budgets want to wait it out or check with value retailers for the best deals this season.

Jul 15, 2011

Icahn offers to buy Clorox in $10.2 billion deal

BANGALORE (Reuters) – Billionaire investor Carl Icahn offered to buy Clorox Co in a $10.2 billion deal, but also invited the household products maker to solicit rival bids, which he said would yield much higher offers for the company.

Icahn’s $76.50 per share offer represents an 12 percent premium to the stock’s Thursday closing.

Jul 13, 2011

Big-name brands sourcing from polluting China firms

BEIJING/BANGALORE (Reuters) – Some of the world’s leading clothing brands rely on Chinese suppliers that pollute rivers with toxic, hormone-disrupting chemicals banned in Europe and elsewhere, environment group Greenpeace said on Wednesday.

Adidas, Nike, Puma, Calvin Klein, Lacoste, Abercrombie and Fitch and China’s Li Ning were among the global names identified in the Greenpeace report, following a year-long investigation.

Jul 6, 2011

Dealtalk: Talbots management running out of time, sale a good

BANGALORE (Reuters) – Women’s clothes retailer Talbots Inc (TLB.N: Quote, Profile, Research, Stock Buzz) has been struggling for four years to throw off its stuffy image, and its management may not have too much time before investors start pushing for a change in leadership, or even a sale.

Founded in post-war Massachusetts, Talbots built its reputation on its traditional pearls-and-classics fashions, but today is widely panned as dull. Sales have declined steadily over the past 5 years, to just over $1.2 billion.

Jul 6, 2011

Talbots management running out of time, sale a good idea

BANGALORE, July 6 (Reuters) – Women’s clothes retailer
Talbots Inc has been struggling for four years to throw
off its stuffy image, and its management may not have too much
time before investors start pushing for a change in leadership,
or even a sale.

Founded in post-war Massachusetts, Talbots built its
reputation on its traditional pearls-and-classics fashions, but
today is widely panned as dull. Sales have declined steadily
over the past 5 years, to just over $1.2 billion.

Jun 30, 2011

Jarden’s Franklin to keep running the show

By Nivedita Bhattacharjee and Jessica Wohl

BANGALORE/NEW YORK, June 30 (Reuters )- Martin Franklin, the London-born leader of Jarden Corp (JAH.N: Quote, Profile, Research, Stock Buzz), is the kind of chap who will give you the shoes off of his feet. Literally.

After reshaping his company through acquisitions, Franklin, CEO for a decade and known for his prowess in deal-making, moved into the role of executive chairman in mid-June and handed the CEO role to James Lillie.

    • About Nivedita

      "Reporter, covering the consumer/retail sector. Apparel is the beat. Currently based in Chicago. Joined Reuters in 2008"
      Hometown:
      Chicago
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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