Charming Shoppes Inc , a retailer of women's plus-size apparel, posted a quarterly loss that was narrower than market estimates, helped by higher sales and margin in October, and forecast fourth-quarter revenue above market view, sending its shares up as much as 92 percent.
Children's Place Retail Stores Inc's quarterly profit almost doubled, driven by higher sales and improved gross margins, sending its shares up as much as 12 percent. For the third quarter ended Nov. 1, the apparel retailer posted net income of $24.
Specialty retailer Wet Seal Inc , which posted a 7.6 percent fall in quarterly same-store sales, forecast a weak fourth quarter, which includes the holiday season, sending its shares down as much as 14 percent.
Warnaco Group Inc , the maker of Calvin Klein jeans and Speedo swimsuits, announced a cost-cutting plan on Wednesday that includes eliminating about 45 corporate jobs and reducing capital expenditures.
Swedish fashion group Hennes & Mauritz posted a shallower-than-expected fall in October underlying sales on Monday, raising hopes its focus on low-cost clothing would shield it from a consumer downturn.
Chinese jewelry maker Fuqi International Inc posted better-than-expected quarterly results, driven by increase in the wholesale business and raised its 2008 outlook fourth time this year, sending its shares up as much as 33 percent.