The White House will ask a coat-maker to take down a billboard advertisement in New York's Times Square showing President Barack Obama wearing one of the company's coats that was put up without Obama's permission.
Teen clothing retailer Hot Topic Inc posted a bigger-than-expected 10.9 percent drop in December sales at stores open at least a year and cut its fourth-quarter earnings outlook, sending its shares down 7 percent.
Women's apparel retailer Bebe Stores Inc posted a lower-than-expected quarterly sales as the retailer continues to see mall traffic dwindle. For the second-quarter ended Jan 2, sales fell 23 percent to $135.5 million compared with $176.3 million a year ago.
Europe's retailers are braced for a tough 2010 amid signs a tentative economic recovery has yet to boost consumer spending and fears high unemployment and low wage growth will dampen confidence in the months ahead.
A better-than-expected Christmas performance from British sportswear and fashion retailer JD Sports Fashion reflected a cut in competitor capacity and a strong product proposition, its chief executive said.