Thursday, April 29, 2010

HR Quarterly Round-Up: Iconix Brands, Jones Apparel Group, PPR

Iconix 1Q Profit Rises 58 pct, Raises Outlook (AP): Apparel maker Iconix Brand Group Inc. on Tuesday said first-quarter earnings rose 58 percent as it earned more money from licensing and other revenue. The company raised its outlook and announced it would acquire licensing rights to Snoopy, Charlie Brown and the rest of the "Peanuts" gang for $175 million in cash from E.W. Scripps Co.

Jones Apparel 1Q EPS Up, A Positive For Dept Stores (WSJ): Jones Apparel Group Inc. (JNY) posted sharply higher first-quarter profit and increased full-year revenue guidance, potential positive indicators for big retailers that will be reporting results in the next few weeks.

PPR First-Quarter Sales Gain 1.2% on Asian Demand for Handbags (Businessweek): PPR SA, owner of the Gucci luxury- goods brand and Conforama furniture stores, reported a gain in first-quarter sales that beat analysts’ estimates on demand for handbags in Asia.

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