Financial

Beauty

Financial

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In Brief: Estée Upgrade

ESTEE UPGRADE: Citing improved operating results, Standard & Poor’s Ratings Services upgraded its outlook on Estée Lauder Cos. to stable from negative. “Lauder’s product portfolio and geographic diversity are expected...

WWD Stock Index Dips 0.7%

NEW YORK — The WWD Stock Index dipped 0.7 percent to 1,076.07 from 1,083.25 last week, while the S&P 500 fell 1.2 percent to 1,108.12 from 1,122.14.

Shares of Jones Apparel Group plunged 8.3 percent to $33.69 from $36.75 a week ago...

Execs Discuss How to Win the Retail Game

NEW YORK — Be mindful of macroeconomic forces, nurture the core shopper, maintain a strong brand and be passionate about fashion was the advice of several panelists who discussed the past, current and future state of retailing during a forum...

Beauty Beat: Unipro Sees Little Growth In Italian Beauty Industry

MILAN — The Italian beauty industry continues to struggle through its blackest time ever in light of a predicted minimal 1.1 percent growth for 2004.

The figure, released by Unipro, the Italian association of cosmetics industries, shows...

Consumer Spending Revs Up Retail

Consumer spending spiked in September, as retail sales rose for clothing and accessories stores, department stores and general merchandisers.

Clarins 3Q Sales Gain 6.7%

PARIS — With a strong performance from its beauty and fragrance businesses, Groupe Clarins reported Thursday net sales for the third quarter ended Sept. 30 swelled 6.7 percent at average exchange and 9.4 percent at constant exchange to 220.7...

Advertising: A Break in the Clouds

The recovery of magazine ad spending, like that of the overall economy, has been a gradual and uncertain process. Chastened by all the fits and starts, publishers continue to caution against expecting a return to the free-spending days of the late...

China’s U.S. Imports Skyrocket in August

China was once again the focus of the apparel and textile import story, as it accounted for the majority of apparel and textile import growth in August.

GE Consumer Finance Adds Credit Unit

NEW YORK — GE Consumer Finance said Thursday it formed a new business unit, the Specialty Retail Group, as a way to serve midmarket companies with its co-branded and private label credit card programs.

The new unit is part of GE’s...

Karstadt Workers OK 5,500 Job Cuts

BERLIN — KarstadtQuelle and the union Verdi agreed to a 760 million euro, or $941.6 million, cost-cutting package on Thursday that paves the way for a capital increase for the retailer and an extension of its bank loans.

Just moments...

LVMH Sales Up 4.9% in 3rd Quarter

Luxury behemoth LVMH powered through the third quarter, with sales advancing 4.9 percent to 3.08 billion euros, or $3.76 billion.

Guess Acquires European Licensee

Guess Inc. is getting back its European jeanswear licensee in a move that will boost its bottom line next year by $100 million in wholesale business.

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