U.S. consumer prices rose in February on higher gasoline and apparel prices, government data showed on Wednesday March 11, calming fears of deflation for now. The Labor Department said its closely watched Consumer Price Index rose 0.
Premium jeans brand True Religion Apparel Inc's quarterly profit soared more than 42 percent, beating market expectations, driven by international and consumer direct sales, but it forecast 2009 earning below expectations.
Russia turned the gas taps back on this week but the damage inflicted on central and eastern Europe will linger for months, adding to the pain the global economic downturn was already causing. "We suffered two consecutive shocks.
Take a load of empty plastic water bottles to manufacture jeans, or turn waste denim into paper: as eco-consciousness spreads, makers of the planet's most popular item of clothing are increasingly resorting to recycling.
Guess Inc reported on Thursday, December 4th a 10 percent rise in quarterly net income, beating Wall Street estimates, but the apparel retailer and wholesaler cut its revenue and profit outlook for 2008, sending its shares down more than two percent in after-hours trade.
Wal-Mart Stores Inc , which is gaining market share amid an economic downturn, said Lee Scott will retire as chief executive early next year and will be succeeded by Mike Duke, who heads its international operations.
Premium jeans brand True Religion Apparel Inc's third-quarter earnings beat market estimates, helped by a strong performance at its wholesale business within the United States, and raised its 2008 outlook, sending its shares up more than 10 percent.