Global luxury retailer LVMH said Friday that strong demand for its champagnes and Louis Vuitton leather bags helped it make a 73 percent leap in full-year profit, and said prospects for 2011 were good.
Estee Lauder Cos Inc posted a higher quarterly profit, as shoppers scooped up face cream and cosmetics during the important holiday selling season, leading the company to raise its expectations for the fiscal year.
Elizabeth Arden Inc posted a bigger-than-expected jump in quarterly profit, aided by strong international sales during the holiday season, and it raised its profit and sales expectations for the fiscal year.
The German fashion group Hugo Boss on Thursday hailed 2010 as "the best year in the group's history" as it posted an 82 percent leap in net profit to 189 million euros ($260 million).Sales were 11 percent higher at 1.
Women's clothing retailer Ann Taylor Stores Corp raised its fourth-quarter revenue view, well above market expectations, on stronger-than-expected sales at both its Ann Taylor and LOFT brands during the holiday selling season.
Wolverine World Wide Inc's fourth-quarter results beat market expectations and the shoe maker forecast a strong 2011 on robust order backlogs and positive customer responses to its new product offerings.
German drugstore owner Erwin Mueller's move to further raise his stake in Douglas comes as no surprise to the fragrance-to-jewellery retailer, its chief executive said in response to statements by Mueller.