Quicksilver and Chico’s play key roles

Friday, 10 September 2010
Yesterday the FashionUnited Top 100 Index finished trading in 1073.19, 7.74 pounts up from previous day closure at 1065.45.

If Puma AG closed Wednesdays session with a bitter taste in its investors mouth, the sportswear company remounted yesterday and shown an extraordinary recovery strength, advancing from losing 10 points to gain 7.5.

Ted Baker noted the worst behavior of the day, dropping 15.5 points by the end of the session, while Next lost 2 points and Burberry fell by 1.5.

Among the values closing with gains they were to be remarked Fast Retailing, up by 30 points, and JD Sports Fashion, jumping by 25.

To put an end to a highly moving week in terms of operations and results, Quicksilver unveiled its operation report yesterday, showing revenues in the Americas decreased 9% to $234.6 million for the three months ended July 31, 2010 from $256.8 million in the comparable period of the prior year, while European revenues decreased 20% to $151.7 million from $189.0 million and Asia/Pacific revenues decreased 1% to $54.5 million from $55.1 million for those same periods.

Also women's apparel chain Cache said its rival Chico's FAS has partly withdrawn its complaint against Cache over alleged theft of confidential information and trade secrets.Chico's, which also operates the White House/Black Market chain, withdrew its motion for a preliminary injunction that alleges two former Chico's employees, who are currently employed by Cache, of leaking confidential information.

To finish a week plagued by corporate movements, Lululemon Athletica Inc. is scheduled to release its second-quarter earnings before the opening bell on Friday, September 10, 2010. Analysts, on average, expect the company to report earnings of 24 cents per share on revenue of $145.66 million. In the year ago period, the company reported earnings of 13 cents per share on revenue of $97.72 million.

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