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U.S. retailers say business picked up later in February

By Phil Wahba (Reuters) - Sales for many U.S. retailers rose in February, as shoppers ventured out later in the month after a dismal start when ice, cold and snow kept many of them at home. Costco Wholesale Corp <COST.O> on Thursday said U.S. sales at stores open at least a year rose 3 percent, while L Brands Inc <LB.N> reported a better-than-expected 2 percent rise, lifted by gains at its Victoria's Secret lingerie chain.

Accessible luxury snaps at heels of mega brands

By Astrid Wendlandt and Brenda Goh PARIS/LONDON (Reuters) - While Gucci and Louis Vuitton blame slumping sales on their upmarket drive they argue will help them regain some of their lost glory, there is growing evidence they are losing out to newer, more affordable luxury brands.

Adidas sees World Cup boost for profits, warns of Ukraine impact

Adidas, the German maker of sportswear and equipment, said Wednesday it expects the World Cup football championships in Brazil to boost earnings this year, but warned that the crisis in Ukraine could hurt its business. "From an operational perspective, there is no doubt that 2014 will be a successful year for us," said chief executive Herbert Hainer, as the group set a profit target of between 830 million and 930 million euros (1.14 billion and 1.28 billion) for the year.

Adidas confident after meeting targets in 2013

Adidas, the German maker of sportswear and equipment, said Wednesday it expects 2014 to be a successful year after it met all of its targets for 2013. "From an operational perspective, there is no doubt that 2014 will be a successful year for us," said chief executive Herbert Hainer. But he cautioned: "Currency headwinds had a significant negative impact on our results in euro terms, and this is also expected to continue in 2014."

Adidas expects World Cup to boost sales but warns of market turmoil in Russia, Argentina

BERLIN - German sportswear maker Adidas expects the soccer World Cup will boost sales this year, but warned that volatility in the currencies of markets like Russia and Argentina will dampen results. Adidas predicts sales to rise by a "high single digit" in 2014 when not counting the currency effects, after growing 3 per cent in 2013. When including the currency shifts, however, it warned sales would be significantly lower, after a 3 per cent drop last year. Adidas shares were down 1.4 per cent in morning trading.

Adidas extends CEO contract as starts succession plan

By Emma Thomasson HERZOGENAURACH, Germany (Reuters) - Adidas <ADSGn.DE> has extended the contract of long-serving Chief Executive Herbert Hainer until 2017 but will work with him on a succession plan to ready the world's second-biggest sportswear company for "generation change". Hainer has been CEO since March 2001, making him the longest serving boss among German blue-chip companies, prompting speculation over whether he might think about stepping down as he approaches his 60th birthday in July.

McCartney is modern but feminine at Paris fashion

Stella McCartney offered modern, feminine silhouettes at Paris fashion on Monday, while Chinese-born French designer Yiqing Yin went back to French fashion house Leonard's roots for her debut collection. Singer Rihanna was flamboyant in the front row at McCartney in fuchsia lipstick and orange dark glasses with more star power on the catwalk from model Cara Delevingne in an asymmetrical knit dress with overlong sleeves.

Paris fashion week zips up, flounces, and soars to outer space

By Alexandria Sage PARIS (Reuters) - Designers at Paris fashion week mixed spectacle and showbiz to swing the fashion spotlight away from Hollywood's Oscars, with enough zippers, fringing and space-age chic to keep the photographers busy. Under the ornate ceiling of the Opera Garnier on Monday, British designer Stella McCartney presented sinewy zippers embroidered into parkas and sweaters in a collection with a 1970s vibe.

Gap Inc seeks new berth in China with Old Navy

By Adam Jourdan SHANGHAI (Reuters) - When Gap Inc <GPS.N> began an online campaign ahead of the launch its Old Navy label in China, the iconic U.S. clothes retailer posed an important question to its potential Chinese consumers: have you heard of Old Navy? Only a few had.

FIFA panel officially allows turbans, hijabs in soccer after Quebec controversy

MONTREAL - Soccer's international rule-making body has given a final go-ahead to allow players to wear religious head coverings during games, clarifying an issue that stirred controversy in Quebec last summer. A FIFA panel known as the International Football Association Board made the decision Saturday, extending a two-year trial period during which hijabs were permitted. Turbans will also be allowed.
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