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Financial

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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....

PacSun Sets Succession Plan

Former A&F chief operating officer Seth Johnson soon to take same position at PacSun

Global Assets

It has been a strong year for high-end jewelry and watch firms thanks to rapidly expanding sales in the emerging Chinese and Russian markets. Add to that a propitious climate for luxury in America, Japan and the Middle East, and most executives...

Jewelry by the Numbers

After two years of flat sales, the $45.2 billion fine jewelry and watch industry turned around in 2003, with a 4.4 percent increase in total sales, according to a survey conducted by Jewelers of America, the national trade association of retail...

WWD Stock Index Flat

NEW YORK — The WWD Stock Index was essentially flat compared with last week, dropping 0.04 percent to 1,083.25 from 1,083.65 despite sluggish September same-store sales, record-high oil prices and weaker-than-expected job...

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