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Oct 17, 2011

Crocs cuts outlook on sales slowdown, shares dive

By Meenakshi Iyer and Nivedita Bhattacharjee

(Reuters) – Shoemaker Crocs Inc (CROX.O: Quote, Profile, Research, Stock Buzz) lowered its outlook for the first time in three years as it faces softening sales at its stores, amid a weak economy in Europe and shaky consumer confidence in the United States.

The dim outlook sparked a sell-off in the Crocs’ stock, wiping out nearly 40 percent of the company’s market value in extended trading. They were trading at $17.08 in after-market trade, after closing at $26.64 on Monday on Nasdaq.

Oct 11, 2011

Jones eyeing sale of jeans unit for up to $400 mln

Oct 11 (Reuters) – Jones Group Inc , a maker of
clothing, shoes and accessories, is in talks to sell off its
stagnating jeanswear division as it focuses on its more
profitable luxury brands, sending its shares up 12 percent.

Jones said it is in talks with Israel’s Delta Galil
Industries Ltd , a maker of private-label clothing, to
sell the jeans unit for between $350 million and $400 million.

Sep 28, 2011

Groupon gets into online retailing with Groupon Goods

By Nivedita Bhattacharjee

(Reuters) – Groupon launched its online retail arm Groupon Goods for its American subscribers on Wednesday, moving beyond daily group discounts to compete with leaders like Amazon Inc.

The leading daily deals website sent emails to select customers on Wednesday, calling out Groupon Goods, with discounts on home furnishing products like LED TVs, coffee brewers and pilates.

Sep 22, 2011

Strong demand, price increases help Nike top Street

By Nivedita Bhattacharjee

(Reuters) – Nike Inc (NKE.N: Quote, Profile, Research, Stock Buzz) topped Wall Street’s profit estimates as the world’s biggest athletic shoe and clothing maker staved off margin pressure with strong sales and price increases, sending its shares up more than 5 percent in trading after the bell.

The company, which also owns brands like Converse, Cole Haan, Umbro and Hurley, said sales rose 35 percent in emerging markets and 15 percent in Greater China. Together these regions contribute about 23 percent of Nike’s business.

Sep 22, 2011

Amazon web services puts snag behind it, sees more cloud

BANGALORE (Reuters) – Amazon’s cloud computing unit has taken steps to avoid a repeat of the outage of its cloud services platform earlier this year and customer interest has only grown since, a top company executive said.

The outage in April, which knocked out such sites as Reddit and Foursquare, had raised questions about the future and maturity of cloud computing.

Sep 22, 2011

Amazon web services puts snag behind it, sees more cloud migration

BANGALORE, Sept 22 (Reuters) – Amazon’s cloud
computing unit has taken steps to avoid a repeat of the outage
of its cloud services platform earlier this year and customer
interest has only grown since, a top company executive said.

The outage in April, which knocked out such sites as Reddit
and Foursquare, had raised questions about the future and
maturity of cloud computing.

Sep 2, 2011

Liz Claiborne finds new owner for global Mexx business

Sept 2 (Reuters) – Liz Claiborne Inc said it would
sell its money losing international Mexx business to a joint
venture with Gores Group LLC, allowing the women’s clothing
maker to cut down on debt and focus on its core brands.

Shares of the company rose 12 percent in morning trade on
the New York Stock Exchange.

Sep 1, 2011

Aug 31-(OFFICIAL)-Americans not scrimping on clothes this fall – study

BANGALORE, Aug 31 (Reuters) – Shoppers may not be feeling
too good about the economy, but that is not stopping them from
adding clothes and shoes to their wardrobes, a recent study
shows.

A report by IBM, to be released later on Wednesday, says
demand for apparel and accessories will stay strong this fall,
as parents spend on their kids, and then on themselves.

Sep 1, 2011

Aug 31-(OFFICIAL)-Americans not scrimping on clothes this fall – study

BANGALORE, Aug 31 (Reuters) – Shoppers may not be feeling
too good about the economy, but that is not stopping them from
adding clothes and shoes to their wardrobes, a recent study
shows.

A report by IBM, to be released later on Wednesday, says
demand for apparel and accessories will stay strong this fall,
as parents spend on their kids, and then on themselves.

Aug 31, 2011

Americans not scrimping on clothes this fall – study

BANGALORE, Aug 31 (Reuters) – Shoppers may not be feeling
too good about the economy, but that is not stopping them from
adding clothes and shoes to their wardrobes, a recent study
shows.

A report by IBM, to be released later on Wednesday, says
demand for apparel and accessories will stay strong this fall,
as parents spend on their kids, and then on themselves.

    • About Nivedita

      "Think all things tech and telecoms. Currently in Mumbai. Previously in Chicago, covering retail, transport and airlines. Joined Reuters in 2008."
      Joined Reuters:
      2008
      Languages:
      English, Hindi, Bengali
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