Kenneth Cole 1Q Earnings Rise on Improved Sales (Crain's New York): Kenneth Cole Productions Inc., which makes shoes, handbags and clothes, on Wednesday reported a first-quarter profit, helped by improving demand in all segments.
Liz Claiborne 1Q Loss Narrows On Nonoperating Income Rise (WSJ): Liz Claiborne Inc.'s first-quarter loss narrowed as nonoperating income surged, while same-store sales climbed 15% at kate spade, partly offsetting declines at Mexx and Juicy Couture, the latter posting a 12% drop.
Hermes Shines With Best Q1 Sales of Luxury Sector (Reuters): Hermes posted the biggest surge in first-quarter sales of all European luxury goods companies on Thursday, pointing to a continued polarisation of the market in which well-established brands crush weaker rivals.
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