Luxury goods group Richemont said it was well positioned to cope with the economic downturn as the rich still spent lavishly, but a softening in the United States weighed on its stock. By 0826 GMT (9:26 a.m.
Ashworth Inc , a maker of golf-inspired sportswear, said it was exploring strategic alternatives, including a possible sale of the company, and posted a wider quarterly loss hurt by a fall in gross margin.
U.S. luxury shoppers scaled back spending in August, as concern about a declining stock market depressed consumer confidence among even the wealthiest of customers and stores braced for a prolonged downturn.
Snowboarding gear retailer Zumiez Inc posted a surprise 0.2 percent rise in August sales at stores open at least a year, sending its shares up 6 percent in after-market trading. Six analysts, were on average, expecting same-store sales to fall 3.
French cosmetics group Clarins on Friday reported a drop in first-half net income to 24 million euros ($35.38 million) from 36.7 million euros a year earlier and renewed recent caution about the impact of currency swings.
Italian clothing retailer Benetton Group SpA said on Friday sales growth this year would be around 6 percent, the low end of medium-term goals, after reporting a 5.1 percent rise in turnover in the first half.
French retail and luxury group PPR confirmed its full-year outlook as it posted a first-half current operating profit slightly above forecasts, helped by the sparkling performance of its luxury arm Gucci.
Women's apparel retailer Talbots Inc reassured investors that cost controls and better merchandise would keep its earnings forecast on track this year despite a slowdown in consumer spending, sending its shares up more than 30 percent on Wednesday August 27th.
Shares in Esprit Holdings, the world's No. 5 fashion retailer, plunged nearly a fifth on Thursday to their lowest in two years after the firm missed earnings forecasts and warned investors of tougher times ahead.
Gap Inc reported a 50 percent jump in quarterly net income on Thursday, beating Wall Street estimates, as cost-cutting, lower inventories and other moves that boosted profit offset declining sales at its family of clothing stores.
Pacific Sunwear of California Inc shares plunged more than 35 percent to their lowest ever level after a weak second half 2008 forecast prompted a slew of brokerage downgrades on the teen-apparel retailer's stock.