e-magazine N°373

http://et.fashionmag.com/newsletters/1,1/newsletter-373.html   2012-07-27 Newsletter N°373 COS FASHION Sales and profits surge at luxury goods group LVMH French luxury goods giant LVMH on Thursday registered sharp rises in profit and sales in the first half of 2012, despite difficult economic conditions in some of its major markets. French luxury group PPR posts strong first-half sales French luxury and retail group PPR on Thursday said first half net profit was up 5.9 percent from a year earlier to 477 million euros on solid growth in its luxury business. Chinese buying more luxury goods at home Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong, a survey indicated Thursday. Alexis Mabille - Autumn Winter 2012 - 2013 Haute Couture - See catwalk eBay teams up with the British Fashion Council The British Fashion Council has announced that eBay Fashion will be an official sponsor of its Fashion Forward programme, which each year supports jury-selected young designers by showcasing their designs on the runway and mentoring them for two seasons. Crocs 2nd quarter profit beats Street on strong Asia sales Crocs Inc reported a quarterly profit that beat Wall Street expectations helped by higher gross margins and growth in Asia, and the shoe maker forecast strong full-year earnings. Puma to cut sponsor deals, products as battles slump German sportswear maker Puma said it would cut the number of products it offers and end expensive sponsorship deals as it struggles to offset a slump in its sales in Europe and catch up to rivals in the United States and China. Capital Shopping Centres rents fall as shops go bust Capital Shopping Centres, which owns 15 of Britain's biggest malls, said like-for-like net rental income fell 2.3 percent in the first half of 2012 as retailers went bust in the country's increasingly tough economic climate. Zale shares rise on credit refinancing Shares of jewelry retailer Zale Corp rose as much as 28 percent after the company said it amended a $650 million credit facility at a lower interest rate and prepaid part of its debt, saving it $17 million per year. Margin improvements to continue at Jones Group Jones Group Inc, the maker of clothes and shoes under such brands as Nine West, Jones New York and Anne Klein, expects to build on efforts to improve gross margins that lifted its quarterly profit above Wall Street expectations. J.C. Penney stock jumps following influential tweet Shares of J.C. Penney Co Inc jumped almost 10 percent briefly on Wednesday after a well-known fashion editor sent a glowing message about the department store's revamp under chief executive Ron Johnson on social networking website Twitter. U.S. premium outlet malls to try Canada on for size With hungry Canadian shoppers flocking to U.S. outlet malls every weekend in search of deals, it is perhaps no surprise that U.S. developers have plans to bring a dozen or more premium outlets to Canada in the next few years. Italy's Luxottica reports sharp rise in profits Italy's Luxottica, the biggest eyewear maker in the world, said on Thursday its profits jumped in the second quarter despite the crisis in Europe mainly thanks to increased sales in emerging markets. Theory to open on rue Saint-Honoré in Paris Theory has finally found its Parisian boutique right next to Colette, in a former bakery at 215 rue Saint-Honoré. The location is a premier address, scheduled to open in September in time for Paris Fashion Week. L'Oreal sales rise 10.5% in first half L'Oreal, the world's biggest cosmetics company, reported on Thursday continued growth, with sales rising by 10.5 percent in the first half of 2012 to 11.2 billion euros ($13.77 billion)."L'Oreal recorded a good first half. Candidate Area Post your CV Activate e-mail alerts My personal information FAQ - Candidates Company Area Post jobs for FREE Our rates To unsubscribe from our newsletter, click on : unsubscribe - To contact a FashionMag representative or to send us your press release, click here - To advertise in FashionMag, click on Advertise - To sign up a friend, click on Subscribe a friend - ©FashionMag.com 2012 All media publication by FashionMag.com and/or its partners. All rights reserved