Phillips-Van Heusen

Clothing maker Phillips-Van Heusen Corp. on Wednesday posted a jump in third-quarter earnings, boosted by a $30.4 million tax benefit, and raised its full-year 2009 profit outlook citing factors including higher expected royalties. The company, which makes Calvin Klein, Van Heusen and other clothing brands, reported net income for the three months ending Nov. 1 of $83.6 million, or $1.58 per share. That was higher than the $53.7 million, or $1.03 per share, that Phillips-Van Heusen earned in... Read Full Story

Among the earnings stories for Wednesday, Nov. 18, from AP Financial News: NEW YORK (AP) — Clothing maker Phillips-Van Heusen Corp. posted a jump in third-quarter earnings, boosted by a $30.4 million tax benefit, and raised its full-year 2009 profit outlook citing factors including higher expected royalties. COLUMBUS, Ohio (AP) — Cutting costs helped Limited Brands Inc. beat its own profit expectations for the third quarter, and the owner of Victoria's Secret and Bath and Body Works raised... Read Full Story

SAN FRANCISCO (Reuters) - Phillips-Van Heusen Corp <PVH.N>, Gymboree Corp <GYMB.O> and Hot Topic Inc <HOTT.O> posted better-than-expected quarterly results on Wednesday but gave disappointing outlooks, sending shares of the clothing manufacturer and retailers down in after-hours trade. Phillips-Van Heusen, owner of the Calvin Klein brand, cited cost cuts, tightened inventory and strength in its wholesale and retail sportswear businesses. The company raised its outlook, but an analyst said... Read Full Story

Clothing maker Phillips-Van Heusen Corp. said Wednesday that it was raising its full-year guidance after posting a better-than-expected second-quarter profit. The company that makes Calvin Klein, Van Heusen and other clothing brands said it expects to earn between $2.16 per share and $2.26 per share for the year. That's up from its previously forecast profit of $1.93 to $2.18 per share. Excluding one-time items, the company's forecast amounts to a profit between $2.30 and $2.40 per share... Read Full Story

Clothing maker Phillips-Van Heusen Corp. said Wednesday that its second-quarter profit fell 9.1 percent but still topped Wall Street's profit and revenue forecasts, and the company boosted its outlook. For the three months that ended Aug. 2, the maker of Calvin Klein, Van Heusen and other clothing brands, said it earned $26.6 million, or 51 cents per share. That compares with a profit of $29.2 million, or 56 cents per share, during the same period last year. Excluding one-time items, the... Read Full Story

CITI TRENDS CTRN , a discount urban apparel retailer, broke even in Q2 vs. views for a 5-cent gain. Sales fell 3.5% to $112 mil, missing estimates. Shares dived. NETAPP's NTAP Q2 EPS was flat at 22 cents ex items, topping views by 2 cents. Sales slid 3.5% to $838 mil, above estimates. The data storage firm named COO Tom Georgens as CEO. He immediately succeeds Dan Warmenhoven, who remains chairman. NetApp said it couldn't give Q2 sales guidance. Shares fell. CYBERONICS CYBX , a medical... Read Full Story

Here is October’s offer of the month and September’s top sellers, all earning 2.5% cash back! Fancy £5 Off? Fragrance Direct have a brand new discount code available this month. Purchase either the Diesel Fuel for Life Gift Set or the Obsession Night Eau de Parfum from our Monthly Offers Page and we will send you a coupon code which will give you £5 off your next order! Please note this offer is limited to one purchase of each item per customer. Your order will need to have been... Read Full Story

Ask a friend what he would buy if he had a bigger bank account and he might rattle off a list that includes a limited-edition sports car, a round-the-world trip or a million-dollar beachfront home. Goods by Gucci, however, top the lists of luxury brand lovers. That's according to an online survey conducted late last year by The Nielsen Company, a market research firm. It asked 25,000 consumers in 48 countries which luxury brand they would buy if money were no object. Besides Gucci... Read Full Story

RETAIL Profit margin gains power Fuqi The Chinese jewelry maker's Q1 EPS rose 45% to 45 cents, besting views by 11 cents. Revenue grew 41% to $109 mil, below views. Fuqi Int'l FUQI , which sells directly to distributors, retailers and other wholesalers, said its gross profit margin rose 510 basis points to 16.5%. It sees Q2 EPS of 27-32 cents vs. views of 29 cents on sales of $89.5 mil-$93.5 mil, below estimates of $95.7 mil. Fuqi expects '09 EPS of $1.49-$1.63, above views of $1.44, on... Read Full Story

Burberry Autumn/Winter 09 | Source: Burberry Burberry targets India’s brand-aware middle class (Times) “ Burberry, the British luxury brand, is poised to enter a joint venture to expand its presence in India, a market in which the ultra-rich are thriving because of a soaring stock market.” Phillips-Van Heusen 3Q profit up, raises outlook (AP) “ Clothing maker Phillips-Van Heusen Corp. on Wednesday posted a jump in third-quarter earnings, boosted by a $30.4 million tax benefit, and... Read Full Story