Fast Retailing reported 28.7 percent growth in operating profit for the six months ended in February, buoyed by robust sales at its Uniqlo casual clothing chain, and again lifted its operating profit forecast for the full year to August.
Wal-Mart surprised Wall Street on Thursday 9 April with a lower-than-expected rise in March sales while Target Corp posted a sales drop that was not as big as feared and said it is seeing "encouraging signs" in its business.
U.S. retailers that cater to young people ended up at the bottom of the class in terms of March sales, but some of those chains exceeded Wall Street's expectations or set higher quarterly profit targets.
Teen-clothing retailer Hot Topic Inc posted a 7.1 percent rise in March same-store sales, riding on strong DVD sales of the popular teen vampire movie "Twilight," and raised its first-quarter earnings outlook.
Yoox Group – the Italian website for online sales of ready-to-wear clothes from major labels, which extended its activities to include design and website management for single-brand sites in 2006 – should soon be floated on the Milan Stock Exchange.