Thursday, March 25, 2010

HR Quarterly Round-Up: Tiffany & Co., PVH, Hermes

Audrey Hepburn in Breakfast At Tiffany's

Tiffany Profits Quadruple As Sales Sparkle (Times Online): Tiffany & Co, the New York-based luxury jewellery retailer, said that its fourth-quarter profits more than quadrupled, as high-end shoppers were lured back into its stores over the Christmas period.

Phillips-Van Heusen Returns to 4Q Profit (Business Week): Phillips-Van Heusen Corp. returned to a fourth-quarter profit, the clothing company said Monday, as its revenue climbed more than 6 percent thanks to stronger sales of its Calvin Klein brand.

Hermès lifts operating Profit in Spite of Downturn (Reuters): French luxury group Hermes (HRMS.PA) stopped short of giving an updated forecast for 2010 on Thursday after posting a rise in operating profit for 2009 in spite of the industry's worst downturn in two decades.

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