Shoe and bag maker Tod's will update on the key Christmas period this week, and like other Italian fashion companies is likely to show that sales went better than expected but maybe at the cost of margins.
Footwear retailer Brown Shoe Co Inc (BWS.N) said it will cut jobs and close some stores as part of its cost-reduction initiatives, and expects annual savings of about $22 million, beginning in fiscal 2009.
Genesco Inc (GCO.N) forecast bleak same-store sales for the fourth quarter due to deteriorating retail trends across all its segments, including its Underground Station stores and Johnston & Murphy stores.
Italian luxury shoe and bag maker Tod's SpA will have "an optimal" 2008 if the current trend continues, or even if it slows a little, Chairman and Chief Executive Officer Diego Della Valle said on Tuesday.
Shares of bookseller Borders Group Inc and athletic shoe seller Finish Line Inc plummeted during volatile trading in consumer stocks on Friday, November 21st as fears of a worsening retail environment took hold days before the holiday season kicks into high gear.
Luxury goods maker Salvatore Ferragamo is uncertain about its performance in the fourth quarter, its chief executive said on Tuesday, October 21st after a mainly positive first nine months of the year.
Footwear retailer Collective Brands Inc's unit, Payless ShoeSource, plans to launch a line of affordable eco-friendly shoes, marking the company's entry into the "go-green" movement that has recently caught on with retailers.