Rising costs weigh on retailers
US: HanesBrands reports 25% jump in FY profit
Apparel group HanesBrands has reported a 25% jump in full-year profit, but admitted that sales softened during the fourth quarter.…
US: Perry Ellis to review brands, streamline operations
Apparel maker Perry Ellis is reviewing its brand portfolio and streamlining its operations to "eliminate less productive overhead," after warning…
US: Cotton costs halve Levi Strauss Q4 profit
Jeans giant Levi Strauss & Co has seen its fourth quarter profit nearly cut in half as rising cotton costs…