Yves St. Laurent, Gucci up PPR Q2 luxury revs, margins
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LONDON (CBS.MW) -- French retailer Pinault Printemps Redoute (FR:012148) said second quarter sales in its luxury division climbed 9.8 percent to 641 million euros while gross margins in the unit as a percentage of sales rose to 66 percent from 64.
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Giorgio Armani took hemlines higher for  his less formal Emporio Armani collection on Wednesday, while  Gucci swept evening dresses right to the floor in jeweled black  and Grecian column white.
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Can the luxury purse and accessory retailer keep up the momentum?
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PPR SA, the French owner of the Gucci luxury brand, said a $7.3 billion bid for German sporting goods maker Puma AG succeeded after almost two-thirds of investors accepted its offer.
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U.S. Treasury prices inched up on  Friday as improved consumer sentiment failed to overshadow  slower second-quarter growth, while flight-to-safety buying  emerged before next week's Republican convention in New York.
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NEW YORK (CBS.MW) -- Nike Inc. said late Thursday that strong domestic sales, coupled with increased demand from developing markets and a stronger euro, propelled robust second-quarter profit gains.
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The EstÃ©e Lauder Companies posted a 22 percent increase in quarterly profit yesterday as higher sales of anti-wrinkle creams, hair-care and cosmetic products offset weaker fragrance purchases.
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Shares in J. Crew Group Inc.   jumped more than 20 percent in their market debut Wednesday, a  sign of investor confidence in the preppy retailer a day after  its initial public offering priced above the forecast range.
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London equities made progress in opening trade on Wednesday, helped by strength in financial stocks. Retailers stayed in the limelight with closely watched corporate news from J Sainsbury and DSG International.
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Department store operator J.C. Penney Co.  reported better-than-expected fourth-quarter earnings on Thursday as private brands aided profit margins.
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The retailer does a little gold digging, aiming at affluent customers with a new fashion collection.
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Austrian insurer Uniqa UNIQ.VI posted   a 53-percent rise in its second-quarter pretax profit on   Thursday, lifted by soaring earnings in its domestic market and   particularly in its life insurance business.
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The retailer reports another quarter of double-digit sales growth.
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Plus: IBM net income inches higher, despite legal bill...Nokia sees lower profit but strong sales...Adobe strong despite drop.
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Plus: Strong sales of phones, other gadgets boost PalmOne profit...Lawson expects quarterly loss...SCO to cap legal costs.
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U.S. Treasuries pared gains on Wednesday  as investors read the latest U.S. durable goods orders as  mildly positive despite lower-than-expected headline numbers.
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Retailer Limited Brands Inc. LTD.N  on Thursday posted higher quarterly earnings before special  items as clearance sales at its Express apparel stores and  cost-cutting boosted results.