Women's apparel chain New York & Co Inc said it will launch more outlet stores, following favorable customer response to a test of the concept in 2009, while also backing its fourth-quarter profit view.
Foot Locker said it was consolidating its management team, cutting jobs and closing 117 stores this quarter as the athletic shoe retailer reorganizes its business under its new chief executive officer.
Teen clothing retailer Hot Topic Inc posted a bigger-than-expected 10.9 percent drop in December sales at stores open at least a year and cut its fourth-quarter earnings outlook, sending its shares down 7 percent.
Women's apparel retailer Bebe Stores Inc posted a lower-than-expected quarterly sales as the retailer continues to see mall traffic dwindle. For the second-quarter ended Jan 2, sales fell 23 percent to $135.5 million compared with $176.3 million a year ago.
Europe's retailers are braced for a tough 2010 amid signs a tentative economic recovery has yet to boost consumer spending and fears high unemployment and low wage growth will dampen confidence in the months ahead.
A better-than-expected Christmas performance from British sportswear and fashion retailer JD Sports Fashion reflected a cut in competitor capacity and a strong product proposition, its chief executive said.
Christopher & Banks Corp reported a quarterly profit at the low end of its outlook range issued last month, missing market estimates, hurt by a higher-than-expected tax rate, sending its shares down 12 percent in after-market trade.