U.S. retailers gave investors an early Christmas present, posting their first monthly sales increase in more than a year and suggesting that wounded consumers might begin to heal in time for the crucial holiday season.
Designer brand Ted Baker said trading was exceeding its hopes and reaction to its Autumn/Winter ranges had been "encouraging," as it posted a less worse than feared fall in first-half profit, sending its shares higher.
Shares in fashion retailer French Connection gain 2.2 percent as Altium Securities raises its "recommendation to "buy" from "hold" after the company reported that it was closing all of its 21 stores in Japan in an attempt to stem losses.
Move over Paris and Milan, the next centre of high fashion could be... Chechnya? The war-torn Russian region will make the leap into haute couture with this month's opening of a design studio in its capital Grozny.