Financial

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Financial

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Alberto-Culver Net Rises, Despite Charges

NEW YORK — Strong sales counteracted several extraordinary charges affecting Alberto-Culver’s fourth-quarter and year-end results.

For the three months ended Sept. 30, the Menlo Park, Ill.-based personal care products manufacturer...

J.C. Penney’s Next CEO: Myron Ullman Tapped To Succeed Questrom

J.C. Penney Co. named former LVMH and Macy’s executive Myron E. Ullman 3rd as chairman and ceo to succeed Allen Questrom.

China, India Chide EU

GENEVA — Developing nations led by China and India voiced concerns at the World Trade Organization on Wednesday that the European Union would make liberal use of antidumping actions and other trade remedies to limit its imports of textiles and...

Beige Book’s Cloudy Story

Unseasonably warm weather and hurricanes in the South produced uneven apparel retail sales in September and early October, the Beige Book said.

In Brief: Higher Guidance ... French Connection ... Cotton Petition

HIGHER GUIDANCE: Citing strengths in its Victoria’s Secret and Bath & Body Works divisions as well as a successful quarterly clearance sale at Express, Limited Brands Inc. lifted its third-quarter earnings projection to 8 cents to 10...

Jones Profits Up 2% in Third Quarter

Jones Apparel Group cited high gas prices and soft consumer spending for a 2 percent quarterly profit rise, as sales gained 9.8 percent to $1.3 billion.

Gant Brings Women’s to U.S.

NEW YORK — Gant wants to bring its preppy persona to American women.

The Swedish brand is known for its men’s wear, but recently introduced women’s to the U.S. market at its 645 Fifth Avenue flagship here, which it is using as...

Coach Still on a Roll:As Profits Leap 60%, Big Expansion Ahead

Coach’s first-quarter sales jumped 33 percent, earnings rose 60 percent, its store count is set to add 100 units and it will remodel its flagship.

Turkey Petitions WTO

GENEVA — Representatives of the Turkish government called for the World Trade Organization to establish a special safeguard measure to protect the market shares of developing nations after the WTO’s 148 members drop textile and apparel...

Execs Focus on Treatment of Workers

NEW YORK — The consolidation of apparel manufacturing into fewer factories around the world after apparel and textile quotas are lifted Jan. 1 may encourage plant owners to comply with vendor codes of conduct on adequate wages, working hours and...

Consumer Confidence Falls As Job, Income Woes Loom

A decline in October’s Consumer Confidence Index to 92.8 from 96.7 was dragged down by a 5.9 percent drop in the Expectations Index.

In Brief: Vuitton No-go on Madison ... M&S Investors Tender Shares ... Outlook Negative

VUITTON NO-GO ON MADISON: Louis Vuitton has abandoned a plan to open on Madison Avenue, at least for the moment. The French leather goods, shoes, jewelry and ready-to-wear brand, was close to securing a lease at 845 Madison Ave. at 70th Street,...

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