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Financial

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House of Fraser Sales Up 7 Percent

British department store group House of Fraser's results include the company’s best-ever Christmas week.

Italian Fashion Group Burani Nears Bankruptcy

The difficult economy and an acquisition spree based on debt have pushed Italian fashion company Mariella Burani Fashion Group into a corner.

Daily Stock Wrap: January 11, 2010

The day's top gainers and losers.

Syms Lifted to 3rd-Qtr. Profit by Insurance Payment

Off-price firm received $24.8 million after death of founder Sy Syms.

Slight GDP Growth Seen in 2010

Recovery is still weak, but firms appear to be in restocking mode.

Analysts: Slow Climb Ahead for Luxe

As the luxury sector tries to pull itself up by its crocodile leather bootstraps, the aspirational consumer remains on the sidelines.

Parlux Sees Third-Quarter Sales Gain

Parlux Fragrances reported preliminary net sales for the third quarter ended Dec. 31 were up 2.5 percent.

Isetan Mitsukoshi Chief Muto Dead At 64

Succession plan at the retailer is unclear.

Black Rock

BlackRock Ups Stake in Saks

Saks Inc. continues to draw the attention of deep-pocketed investors.

Apparel Retailers Cut Jobs

In the height of the holiday season, department stores cut 5,600 positions.

Onward Holdings Swings Into Black in 9-Month Period

Japanese apparel giant Onward Holdings saw lower sales in the nine months ended Nov. 30 but swung back into the black for the period.

Fast Retailing First-Quarter Profit Surges

Sales at Uniqlo's Paris store and the launch of the +J collection boosted Fast Retailing's first-quarter results.

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