Premium jeans brand True Religion Apparel Inc's third-quarter earnings beat market estimates, helped by a strong performance at its wholesale business within the United States, and raised its 2008 outlook, sending its shares up more than 10 percent.
Women's apparel retailer Bebe Stores Inc reported a 25 percent fall in quarterly earnings, October comparable sales that were down 20 percent and projected a weak second quarter were current trends to continue.
Many top U.S. retailers posted disappointing monthly sales on Thursday and some lowered their quarterly forecasts as a global financial crisis spurred consumers to clamp down even more on household budgets.
World No. 2 sporting goods maker Adidas abandoned its 2009 outlook in light of growing economic uncertainty but still confirmed on Thursday its forecasts for this year. Adidas shares dropped 9.4 percent to 26.71 euros by 1025 GMT underperforming a 4.
British fashion and homewares retailer Next expects underlying sales at its stores to fall by a greater amount in November and December than they did in its third quarter, said finance director David Keens. "We don't expect the minus 4.