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Guess Acquires European Licensee

Guess Inc. is getting back its European jeanswear licensee in a move that will boost its bottom line next year by $100 million in wholesale business.

In Brief: Daiei Bailed ... Costco's Pick

DAIEI BAILED: Japan’s retail giant, Daiei Group, said it would ask for financial aid from Japan’s state corporate bailout agency, Industrial Revitalization Corporation of Japan. The heavily leveraged firm, which was once the...

Wet Seal: Shopping Arden B.?

Wet Seal Inc. is said to be in talks to sell its Arden B. division and could be set to divest its nonprofitable Wet Seal stores as well, sources said.

Cambodia Becomes WTO Member

WASHINGTON — Cambodia became the World Trade Organization’s 148th member on Wednesday and the second “least-developed country” to join the global trade body.

As a new WTO member, Cambodia — the 12th largest apparel...

N.Y. Retail Rent Hikes: Percentage increase in average asking rents* for Manhattan retail corridors.

Retail rents in Manhattan continue to climb. Fueled by increasing demand for luxury goods, prices on Madison Avenue rose from an average of $701 in the spring to an estimated $760 this fall, according the the Real Estate Board of New York. New to the...

Jones Shares Fall as Outlook Dims

Shares of Jones Apparel Group dropped 7.5 percent Wednesday after the company lowered earnings guidance for the third and fourth quarters.

Eye on the Bottom Line: Levi’s Returns to Black, But Sales Continue Slide

A relentless focus on cost-cutting allowed Levi Strauss & Co. to swing back to profitability in its third quarter, despite a drop in sales.

M&S Expects Drop in Profits

Marks & Spencer said pretax profits would drop 9.2 to 12.3 percent in the first half, due in part to exceptional charges and a decline in sales.

Forecasts See Soft Sales for Holiday

Though they are expected to show solid growth, holiday sales will likely be softer this year than they were in 2003.

Textile Industry Coalition Launches Next Wave of Safeguard Petitions

A coalition of industry groups said it plans to file nine more China safeguard petitions this week, in hopes of protecting the domestic industry.

Carrefour Downgrades Year, Qtr. Sales Forecast

Carrefour, the world’s second-largest retailer after Wal-Mart, downgraded full-year goals and reported weaker-than-expected third-quarter sales.

In Brief: Fortunoff Still Seeking Funds ... Debt Issue ... Star Power ...

FORTUNOFF STILL SEEKING FUNDS: Fine jewelry and home furnishings retailer Fortunoff is continuing talks with investment companies to raise capital for expansion, but a spokeswoman for the company denied any knowledge of Apollo Management L.P....

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