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Williams-Sonoma not feeling too bullish
Williams-Sonoma Inc. reported mixed results for the second quarter, and issued a weak outlook for the current quarter amid "a more cautious consumer.” The retailer reported net earnings of $51.8 million for the quarter ended July 31, compared with $53.7 million in the year-ago period. Net revenues increased 2.1% to $1.16 billion, short of expectations, up from $1.13 billion last year. -
Abercrombie & Fitch expanding global footprint through wholesale deal
Shoppers in select foreign markets have a new way to purchase goods from Abercrombie & Fitch. The retailer on Wednesday announced a wholesale agreement with Zalando SE, a Germany-based online retailer that carries more than 150,000 styles from some 1,500 brands for women, men and kids and counts more than 18 million active customers. Beginning this week, Zalando will start selling Abercrombie & Fitch, Hollister and abercrombie kids products through its online stores in the 15 European markets it serves.

