Estee Lauder Cos Inc reported a much higher-than-expected quarterly profit on Monday 4 May, helped by increased sales in Asia, sending shares up 3% in light, premarket trade. But the maker of Clinique and M.A.C.gave a cautious outlook for the current quarter.
Cosmetics maker Bare Escentuals Inc posted a higher-than-expected quarterly profit, as lower cost of goods sold and a shift to higher margin products offset a fall in sales amid a tough economic environment.
In spite of the fact the perfume and cosmetic markets are still shrinking due to a worldwide decrease in consumption, Inter Parfums saw a turnover of €63 million in the first quarter of 2009. The group judged this performance to be “reasonable”.
VF Corp posted a steeper-than-expected drop in quarterly profit and lowered its full-year outlook on Tuesday 28 April on weak international demand for jeans, and the apparel maker's shares fell 9 percent.
At the same time as the deployment of online shopping, Hermès is considering necessary technology adaptations to sell on internet capable “smart phones”. “The technology is developing very quickly. We must take advantage," explained Charles Henri Leroy, director of client relations.
T-shirt maker Gildan Activewear Inc expects Asian markets to account for 45 percent of global sales within three years versus about 5 percent now thanks to solid demand from China, an executive said on Friday 24 April.