Italian fashion brands Roberto Cavalli and Salvatore Ferragamo have seen double-digit growth in sales at their own stores in the first two months of the year, signaling improvement in the crisis-hit luxury goods market.
Volcom Inc (VLCM.O) posted a fourth-quarter profit that blew past estimates as lower discounting propped margins and said the company was better poised than competitors as it emerges out of the recession.
Gap Inc posted a 45 percent rise in net income during its holiday quarter, helped by fewer discounts and improved sales in all its divisions, and gave a 2010 profit forecast that beat Wall Street's estimates.
Cosmetics maker Revlon Inc posted a higher fourth-quarter profit, helped by higher sales of its ColorSilk hair color, but said it expects 2010 results to be hurt by a currency devaluation in Venezuela, and its shares fell 5 percent.
Steven Madden Ltd's fourth-quarter profit topped market expectations, as the shoe maker saw margins improve due to higher initial mark-ups and fewer store close-outs, and forecast 2010 earnings above estimates.
True Religion Apparel Inc reported quarterly results that comfortably beat market estimates, driven by strong direct-to-customer and international sales, but forecast a full-year 2010 profit range below expectations.
The unabated popularity of its UGG boots should help Deckers Outdoor Corp breeze past estimates for the fourth quarter, with the market now looking for a more concrete picture of company plans for its international distribution.