Friday, April 2, 2010

HR Quarterly Round-Up: Prada, Movado, Harry Winston

(Photo: Lionel Bonaventure/Getty Images)

Prada's Profits Increase, Revenue Slips (WWD): Leveraging the performance of its retail network, Prada SpA posted a 1.4 percent increase in net profits to 100.2 million euros, or $140.2 million, in the year ended Jan. 31.

Movado Q4 Loss Narrower Than Expected; Backs FY11 View (Reuters): Watchmaker Movado Group Inc reported a narrower-than-expected quarterly loss, helped by cost cuts, and reaffirmed its outlook for the current fiscal year.

Harry Winston Retail Loss Grows, Sales Rise (WWD): Harry Winston Diamond Corp.’s retail segment more than doubled its fourth-quarter operating loss despite a pickup in demand.

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