Financial

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Financial

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Charles Townsend

Closing Four Titles, Condé Nast Reshapes in New Era

After news that Gourmet, Cookie, Modern Bride and Elegant Bride would close, ceo Charles Townsend stressed Condé Nast wouldn’t close any more titles.

Minoli Exits Pomellato

Andrea Morante will succeed Francesco Minoli as ceo of luxury jewelry firm Pomellato.

Retail Stocks Dip Last Week on Uncertain Recovery

S&P Retail Index ended down 0.8% Friday, 1.3% for week.

Sally Beauty Unit Buys Schoeneman

Sally Beauty Holdings Inc. buys the privately held beauty products distributor for $61 million.

Bewkes Says Time Inc. Not for Sale

Jeff Bewkes, Time Warner Inc.’s chief executive officer, put to rest rampant rumors the media conglomerate is looking to get out of the magazine business.

Dept. Stores Cut Jobs In September

Retail employment levels remained lean as the U.S. economy continued to shed jobs.

+J,

Uniqlo Comps Rise 31.6% in Sept.

Spike in Uniqlo comps comes just before this week's launch of the +J collection by Jil Sander.

Stella McCartney's U.K. Profits, Sales Rise

Profits at Stella McCartney Limited in 2008 rose 78 percent to 1.79 million pounds, or $3.31 million, from 1.01 million pounds, or $2.02 million.

Standard & Poor Lifts Outlook for BCBG

BCBG Max Azria Group outlook was changed to “stable” from “negative” based on improved performance in the Max Rave wholesale business.

With Upturn Uncertain, Retail Shares Decline

Now that retail shares have bounced back a little, investors are going to be less understanding of dismal results.

CIT Details Debt Exchange Plan

CIT Group Inc. laid out a debt exchange that would right its capital structure.

Daily Stock Wrap: October 2, 2009

The day's gainers and losers.

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