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Market Watch
Nov 30 - Dec 8, 2001

Bluefly's Sales Up 33 Percent

NEW YORK, Dec 8, 2001/ --- Bluefly's sales are continuing to soar, but not quite as high. The Internet-based designer outlet retailer announced today that net sales for the month of November were up about 33 percent from the same month last year, to $2.4 million. [more]

Gucci Cuts More Than 100 Jobs in U.S.

NEW YORK, Dec 8, 2001/ --- "There was a collective sense of depression," said Gucci in the opening address to the International Herald Tribune's conference, "Fashion 2001: The Business and the Brand," in Paris yesterday. "It will be a long time before everyone feels secure and comfortable again. We can't begin to know the long-term effects." [more]

Great Universal Stores Report First Quarter Profit Rise

NEW YORK, Dec 8, 2001/ --- British retailer Great Universal Stores reported a jump of 11 percent in first-half profits today, with its luxury brand Burberry posting a profit increase of more than 50 percent, to about $60 million. [more]

Bloomingdale's to Shut E-Commerce Operations, 100 Jobs Lost

NEW YORK, Dec 7, 2001/ --- Bloomingdale's flagging sales aren't exclusive to its bricks-and-mortar outlets. Its online operation has also been struggling lately, and Federated Department Stores has announced that the e-commerce component of bloomingdales.com will shut down completely. [more]

Fila Close to Finding a Buyer

NEW YORK, Dec 6, 2001/ --- Fila, the loss-making Italian sportswear and athletic shoe company, may be close to finding a buyer. Controlling shareholder, Italian media and fashion group Holding di Partecipazioni Industriali (HdP) confirmed today that it is in exclusive talks with a U.S. investment group called Continental for the sale of its 71.9 percent stake in Fila. [more]

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