WOOSTER STREET’S OKTOBERFEST: In an effort to drum up business in SoHo, Wooster Street retailers, including Barneys Co-op, Barbara Bui, Adidas, Eres and Costume National, are hosting a first-ever Oktoberfest block party Saturday. Along with live music and refreshments, participating retailers will be offering sales on selected items, product promotions and sweepstakes.
LOSS EXPECTED: Whitehall Jewellers Inc. said Wednesday it now expects a third-quarter loss of between 31 and 35 cents a share versus a previous consensus estimate of a 20-cent loss. In last year’s third quarter, the company recorded a loss of 24 cents. The earnings downgrade is predicated on slower mall traffic, which will likely lead to a 9 percent same-store sale decline in the third quarter ending Oct 31. Slumping sales are pressuring Whitehall’s gross margins, the company said.