e-magazine N°382

http://mt.fashionmag.com/newsletters/1,1/newsletter-382.html   2012-08-28 Newsletter N°382 COS FASHION Retailers report surprise sales drop in August British retailers reported an unexpected drop in sales in August, a survey by business lobby CBI showed on Thursday, indicating that the Olympics failed to give shops the much needed boost. Australia's Billabong aims to turn tide as profit slides Australian surfwear company Billabong International launched a turnaround strategy on Monday to fend off a A$694 million ($723 million) private equity bid, even as it posted a collapse in second-half profit. Geox targeting revenues 100 million euros in China and Hong Kong The maker of "breathable shoes" is targeting revenues of around 100 million euros in China and Hong Kong in 2016 as a result of new planned store openings in the region, Il Sole 24 Ore said on Sunday. Carlo Pignatelli - Spring Summer 2013 Menswear - Milano - See catwalk Guess cuts forecast as weak euro, discounts bite Guess Inc slashed its full-year profit forecast as the U.S. clothing maker resorts to discounts to clear excess inventory and a weak euro hurts revenue from Europe, sending its shares plunging 17 percent in extended trade. Nike sets new rules to beef up store, customer safety: WSJ Nike Inc has come up with new rules for retailers, prompted by unruly crowds outside stores selling its shoes, the Wall Street Journal reported. Lululemon patent claim highlights cutthroat yoga world Lululemon, the hip Canadian chain that made yoga apparel fashionable, has taken its fight for market share to the courts with a patent lawsuit, as new brands of active wear seek to undercut its premium prices. Urban Outfitters beats as styles work with shoppers Clothing retailer Urban Outfitters Inc's quarterly results handily beat Wall Street expectations as its namesake store attracted more shoppers, sending its shares up 17 percent after the bell. American Eagle preps for strong back-to-school; stock up American Eagle Outfitters Inc forecast a fiscal-year profit above Wall Street estimates as it beat out competitors like Aeropostale and Abercrombie, sending its shares up nearly 5 percent. Marks & Spencer bid talk boosts shares Persistent bid rumours surrounding British clothing and food stores chain Marks & Spencer Plc pushed its shares up over 4 percent on Friday, as a media report added to speculation that private equity could be getting ready to swoop. Express cuts outlook again on inventory glut Apparel retailer Express Inc cut its full-year earnings outlook for the second time in three months after it posted lower-than-expected quarterly sales on softening demand for its knit tops and an inventory glut in the women's category. John Lewis sales up as shoppers catch sports fever John Lewis, Britain's biggest department store group, posted strong sales growth last week, helped by increased demand for sports equipment following Britain's gold medal haul at the London Olympics. DSW profit beats on higher demand for affordable branded shoes Footwear retailer DSW Inc's second-quarter profit beat analysts' estimates for the sixth consecutive quarter as more value-conscious customers shopped for its affordable and trendy branded shoes. JP Morgan to invest $45 million in Brazilian online retailer Dafiti Brazilian online fashion retailer Dafiti said on Tuesday that it would receive $45 million from J.P. Morgan Asset Management in a cash-for-equity deal that underscores investors' appetite for the country's fast-growing Internet market. China footwear retailer Belle meets profit forecasts Top China footwear retailer Belle International Holdings Ltd met forecasts with an 11.7 percent rise in first-half net profit, and analysts predicted it would outpace competitors even as slow economic growth dampens consumer spending. Platinum prices could rise in 2013 on limited supply Prices of platinum could rise in 2013 as markets digest limited supply from major producer South Africa, analysts said at an industry conference on Saturday, with platinum trading at a premium over gold. Kay Jewelers' sales gains lift Signet quarterly results Signet Jewelers Ltd posted a larger-than-expected quarterly profit on Thursday, with big gains at its mid-priced Kay Jewelers chain spurring renewed sales momentum. Booming middle class fuels Brazil beauty market The beauty industry is booming in Brazil, where meticulous manicures, sophisticated scents and impeccable make-up are a must-have for women who have made the country the sector's world number three. China's next top models bypass the catwalk for the Web Tian Yuan Yuan is China's top Internet model, a title she earned by promoting products from skin-tight leggings to rabbit fur bags through online shopping site Taobao Marketplace. Online fashion retailer Yoox is preparing to unveil a new version of its platform on Sept.3, MF-Milano Finanza said on Saturday citing the group's chief executive. 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