(Photo: Reuters/Mike Segar)
J.Crew full-price sales spur profit beat, shares up (Reuters): J Crew Group Inc reported a quarterly net profit far above Wall Street estimates due to strong autumn sales of clothing and expanded profit margins from depressed year-ago levels. The shares of the upscale apparel retailer rose 7 percent in after-hours trading.
Tiffany Profit Tops Analyst Estimates on Sales Gains (Bloomberg): Tiffany & Co., the world’s second- largest luxury-jewelry retailer, reported third-quarter profit that topped analysts’ estimates and boosted its full-year forecast as revenue grew in Asia and Europe. The shares gained.
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