Friday, May 28, 2010

HR Quarterly Round-Up: Tiffany & Co., Movado, J.Crew

J.Crew Ballet Flats

Tiffany 1Q Profit More Than Doubles As Demand Rebounds (WSJ): Tiffany & Co.'s first-quarter earnings more than doubled on demand across most of its markets and product lines, a sign that higher-end and even mainstream consumers are feeling better about buying.

Movado's Q1 Beats Street, To Close Retail Boutique Unit (Reuters): Movado Group Inc posted a narrower-than-expected quarterly loss, helped by a recovery in consumer demand, and said it will close its retail boutique unit, which is expected to hurt the watchmaker's 2010 revenue by $30 million.
J. Crew doubles 1Q net income, raises guidance (AP): Catalog retailer J. Crew Group Inc. doubled its first-quarter net income as revenue soared nearly 20 percent and raised its guidance for the year above estimates.

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