Financial

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Financial

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Daily Stock Wrap: December 16, 2009

The day's gainers and losers.

Safilo Shareholders OK Capital Increase

Shareholders of Safilo SpA have approved a capital increase of up to 263 million euros, a move which will save the company from near-bankruptcy.

dress barn, jaffe

Dress Barn Raises Guidance

Dress Barn Inc. on Wednesday raised its guidance for fiscal 2010 profits by 15 cents and said it has been buoyed by consumers trading down from other retailers.

Apparel Prices Fall in Nov., Rise 1% for Year

Retail apparel prices declined a seasonally adjusted 0.3 percent in November compared with October but rose 1 percent compared with a year earlier.

Antony Karabus PricewaterhouseCoopers marketing media inventory ROI GMRO

CFOs Say Customer Outreach Not Hurt by Marketing Cuts

Participants in Karabus survey reported steady or greater advertising outreach.

Retail Stocks Drop 1.2% Tuesday

S&P Index fell 1.2 yesterday, as pressure on margins at Best Buy worries investors.

Daily Stock Wrap: December 15, 2009

The day's gainers and losers.

Dave McTague,

Dave McTague Named Cole Haan CEO

Current chief Jim Seuss is leaving the company.

H&M Reports Drop in Same-Store Sales

Fast-fashion retailer H&M posts seven months of declines, but says that sales were off to a “satisfactory start” in December.

barneys new york, dubai world, abu dhabi, istithmar

Barneys' Reprieve: Abu Dhabi Bails Out Dubai

Barneys' ultimate parent company, Dubai World's, gets lifeline, enabling the luxe retailer to put off a sale or bankruptcy — for now.

Daily Stock Wrap: December 14, 2009

The day's gainers and losers.

CIT Sweetens Small Business Loans

CIT said it will waive $1,000 fee for participants in SBA program.

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