Teen-apparel retailer Tween Brands Inc posted a surprise second-quarter loss on weak sales of its core Limited Too brand and said it plans to close 26 underperforming Limited Too stores by the end of 2008, sending its shares down 17 percent.
Australian athletes will be advised to wear team uniforms outside of the Olympic village after a relative of a U.S. coach was stabbed to death in Beijing, the Australian Olympic Committee (AOC) said on Sunday.
Italian jeweller Damiani posted a 40.4 percent drop in adjusted net profit in the first quarter of the financial year that started on April 1 as revenues fell. Sales hit 39.2 million euros ($60.62 million), down 8.
Adidas AG, the world's No. 2 sports goods maker, on Thursday played down the short-term business benefits of the Olympic Games but said China would become its second-largest market by the end of the year.
Shoe maker Steven Madden Ltd posted a second-quarter results that topped market estimates, helped by strong sales increases in its Madden Girl and Daniel M. Friedman brands, and backed its 2008 outlook, sending its shares up about 7 percent.