The warmest U.S. winter in years fueled higher sales at footwear retailers Brown Shoe Inc and Foot Locker Inc , and the companies are expected to benefit from tight inventory management in the next few quarters.
Women's apparel maker Ascena Retail Group Inc will buy Charming Shoppes Inc for $857.2 million in cash as it looks to tap into the growing U.S. plus-size apparel market.
Mattel Inc reported weaker-than-expected quarterly results as the world's largest toymaker struggled to convince shoppers to buy Barbie dolls at higher prices and retailers cut back on inventory.
Red Lion Hotels Corp on Wednesday said it is looking at its strategic alternatives, including a sale of the company or a strategic combination with a third party, sending its shares up 13 percent in after-market trading.
Staples Inc , the largest U.S. office supply chain, forecast tepid sales growth for the year, as its international business takes a hit from weak demand in Europe, sending its shares down as much as 10 percent.
Israel's SodaStream International Ltd saw a sharp decline in unit sales growth of its soda makers in the fourth quarter, sending its shares down 17 percent on Wednesday.
Shoe maker Crocs Inc is betting on newer designs to double sales in less than five years and expects Asia to become its biggest market by the end of 2013, the company's top executive said.
Michael Kors Holdings Ltd reported robust quarterly results as its namesake luxury brand saw strong demand, and said it expects its accessories business to drive profits in the coming quarters.