Thursday, February 25, 2010

HR Quarterly Round-Up: Saks, Revlon, Limited Brands

Vintage Revlon Ad From The July 1949 Issue of Ladies' Home Journal
(Photo: Vintage 123)

Saks Fourth-Quarter Loss Narrows As Luxury Demand Heals (MarketWatch): Luxury retailer Saks Inc.'s fourth-quarter loss narrowed after it controlled inventory and expenses and slowed the rate of its sales decline.

Revlon 4Q Profit Up As International Sales Climb (Business Week): Beauty products company Revlon Inc. said Thursday that its profit rose 13 percent in the fourth quarter as reduced expenses, increased international sales and favorable exchange rates more than offset lower sales in the U.S.

Limited Beats Street, Bullish On February Sales (Reuters): Limited Brands Inc posted sharply higher profit on Wednesday that beat Wall Street estimates, and said its February same-store sales would likely be far better than expected.

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