French luxury brand Hermes said on Friday it was on track for record sales this year amid "remarkable growth" in Asia and the Americas, as it announced an 18 percent rise in third-quarter sales."We are going to beat the 2.
The adidas Group announced on Thursday that it has signed a share purchase agreement to acquire Five Ten, a leading performance brand in outdoor action sports. The purchase price is valued at USD 25 million.
The U.S.-based company whose portfolio comprises Hanes, Champion, Playtex and Wonderbra has negotiated higher prices for its products. Its operating profit rose 34% in the third quarter.
JJB Sports, the struggling British retailer rescued by a deal with landlords in March, said it will not run out of cash, when issuing a full-year profit warning alongside a wider first-half loss.
German cosmetics group Beiersdorf, maker of Nivea products, said on Thursday that deep restructuring measures hit earnings and sales in the third quarter.
India's luxury sales are expected to expand by a scorching 20 percent annually until 2015, according to a new report, as brand-smitten consumers snap up big names to flaunt their wealth.
The American denim brand, which posted a revenue of 108.4 million dollars in the third quarter this year (ended on September 30), announced that it has granted Envols a distribution licence in China that extends to 2016.
German fashion retailer Hugo Boss announced a strong rise in profits in the third quarter of this year, driven by strong demand in all of its main markets.
Cosmetics maker Revlon Inc reported a slump in third-quarter income mainly as it set aside more money for taxes.
Amer Sports reported a strong jump in third-quarter profit, helped by strong sales of winter sports equipment and clothing.
Procter & Gamble Co posted a slight dip in quarterly profit that was in line with expectations as the world's largest household products maker raised prices and notched sales gains in each unit.
Shoemaker Deckers Outdoor Corp raised its full-year revenue outlook for the third time this year on higher demand for its sheepskin boots, but said Europe will remain a concern going into the holiday season.
Shoe maker Crocs Inc posted a quarterly profit that edged past market estimates helped by higher sales in Asia and warned that weakness in its European markets would continue into the holiday quarter.
Skechers USA Inc posted a much better-than-expected quarterly profit as it carefully managed inventories to counter a sharp decline in demand for its once-popular toning shoes.
Jones Group Inc reported disappointing quarterly sales and a lower-than-expected full-year revenue forecast, sending shares of the Jones New York and Nine West brand owner down nearly 9 percent.
