Shiseido expects sales of its high-end cosmetics to grow up to 20 percent a year in China over the near term, making the fast-growing economy a key pillar of its global expansion plans, the head of Japan's largest cosmetics firm said.
Retailer Postie Plus Group has continued to improve performance and protect margin in challenging market conditions with third quarter sales to April of $26.532m showing an increase of 4.34% on the same period last year.
Brown Shoe Co Inc's first-quarter results beat Wall Street expectations, boosted by strong performance of its Famous Footwear and Naturalizer brands, and the footwear retailer raised its sales forecast for 2010.
With suitors circling German chemicals maker Cognis, according to sources, the company's finance chief gave them a price tag its private equity owners might have in mind to wrap up drawn-out sales talks.
Phillips-Van Heusen Corp beat Wall Street estimates in its first quarter, but a second quarter profit forecast lighter than some analysts anticipated sent its shares down nearly 4 percent in after-hours trading.