French luxury and retail group PPR on Wednesday said it saw no sign of a slowdown as it posted third-quarter sales that comfortably beat expectations, pulled by strong growth at brands Gucci, Bottega Veneta and in big markets such as China.
Columbia Sportswear Co's third-quarter profit raced past Wall Street estimates, led by higher demand for its Sorel brand, prompting the outerwear company to raise its operating margin outlook for the year.
Puma avance vers son but des 3 milliards d'euros de ventes en 2011. L'équipementier propriété de PPR a vu de janvier à septembre ses ventes progresser de 11% à 2,28 milliard d'euros pour un bénéfice avant intérêts et impôts de 285 millions.
VF Corp's chief executive said he has seen little evidence of the tough global economy hurting sales, and the parent of brands such as North Face, Nautica and Wrangler raised its 2011 revenue and profit forecast and its dividend. Its shares rose 5 percent in early trading.
Shoe and footwear maker and distributor Belle International Holdings Ltd said its China footwear business same-store sales grew 18.5 percent in the third quarter from a year ago, sending shares to their highest level in five weeks.
Chinese sportswear brand and retailer Anta Sports Products Ltd said it expected a slowdown in the same-store-sales growth of its retail stores for the third quarter of 2011 as compared with the previous quarter.
LVMH, the world's biggest luxury group, posted forecast-beating third-quarter sales growth on Tuesday and said it was confident for the rest of 2011, showing no signs of a slowdown in the luxury industry despite the slowing economy.
The luxury sector is set to post double-digit growth this year to 191 billion euros driven by the appetite of Chinese consumers for top-quality goods, according to a study by Bain & Company released on Monday.
Anglo-Dutch food and cosmetics giant Unilever said Friday that is was buying a majority stake in a top Russian beauty company for over half a billion dollars to increase its foothold in the Russian market.
British luxury clothing and accessories company Burberry on Wednesday said group sales jumped 30 percent during its first half, with strong growth across all of its markets, including in Europe and Asia.