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2015-Apr-29 06:54
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Battle of the michael kors online outlet luxury bags Luxury handbag maker coach reported a 66% drop in fiscal fourth quarter net income tuesday.So what did its stock do?Rally, of course, tothe tune of more than 4%(Coh).That because analysts had expected the retailer to do even worse. Coach reported net income of $75.3 million, or 27 cents a share, down from $221.3 million, or 78 cents, a year earlier.But when you strip out one time costs, it earned 59 cents a share which was 4 cents better than analysts had predicted, according zacks investment research. Back in june, michael kors handbags outlet coach had warned that it planned to shutter roughly 70 underperforming stores during its 2015 fiscal year.Its goal was to become more competitive against rival luxury goods makers such as michael Kors(Kors).And part of the one time charges taken in coach fourth fiscal quarter were for store closings. Contrast coach stock action tuesday with what happened monday to shares of michael kors.Its stock sank 6% and it also reported earnings and sales ahead of expectations.The difference was that it warned that the investments it planned to cheap michael kors pour into opening stores in europe and expanding its presence in department stores would squeeze future profit margins.

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2015-Apr-28 07:09
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9 million loss for quarter In anIncreasinglyCompetitive jeans market, baltimore based sportswear maker i.C. IsaacsCo.Inc.Reported a first quarter net loss yesterday of $2. 9 million, or 42Cents per share,Compared with netIncome of $700, 000, or 9Cents per ralph lauren italia outlet share, posted for the first quarter of 1998. The company said sales of marithe and francois girbaud brands were strong, at $3.4 million in the quarter that ended March 31, compared with $4.7 million during all of last year.But sales of ralph Lauren outlet online the boss and beverly hills polo club lines were $14.5 million less than last year's first quarter. Net sales ralph lauren italia in the quarter were $22.5 million, compared with $34.3 million reported for the corresponding period a year ago. "We are undertaking creative new marketing initiatives for the boss brand.For example, we are increasing sponsorship of community events, launching a new radio campaign and constructing a web site,"Said robert j.Arnot, chairman and chief executive officer. "As a result of the competitive retail climate and continued expenses related to positioning girbaud as a first tier designer brand, we expect to report a net loss for the second quarter of 1999 similar to the loss reported for the first quarter of 1999. " Isaacs is not the only jeans manufacturer that has felt the competition.Denim giant levi strauss co., based in San Francisco, announced in February that sales were down 13 percent last year, to $6 billion, and that it would lay off 5, 900 employees in the United States and Canada nearly a third of its North American work force. TheCompany saw high end designers such as tommy hilfiger and ralph lauren take a larger piece of the jeans market, along with growingCompetition by less expensive lines by sears, roebuck andCo.And j.C.Penney.

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2015-Apr-27 06:46
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Is stabbed to death in brixton in row louis vuitton UK over a bike Mrs uddin, 40, said violence had been an issue since they moved to brixton eight years ago: "Our children are being attacked, beaten and killed.My son was lured louis vuitton shop online to this place and killed. "The family said alim saved money from a leafleting job to buy the bike, but apparently fell out with a teenager selling it when he reportedly asked for another 50. Alim's father hakim, a restaurant owner louis vuitton luggage uk originally from bangladesh, said his son had been robbed in the past: "He had his phone stolen [and] was beaten.Police are doing everything they can for the investigation into his death, but before, when he was hurt, they just sent a [victim support] letter. " His uncle absal, said: "Alim was ambitious and wanted to be a police officer.He was well mannered, louis vuitton business card holder for men always helping others.He looked after his three younger brothers and sister.They are broken hearted. "Sister nadia, 15, said: "We want justice for alim. "Alim excelled at business and maths at chestnut grove school, balham.

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2015-Apr-26 06:32
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Fort gaines town hall jimmy choo shoes sale after christian louboutin outlet uk Most popular storiesmost popular storiesmore>>an investigation is underway following a columbus police department officer involved shooting off of stratford drive in columbus.An investigation is underway following a columbus police department officer involved shooting off of stratford drive in columbus.Job fair for new martin army community hospital to beheld this monthjob fair for new martin army community hospital to beheld this monthupdated:Friday, february 21 2014 5:27 PM EST2014 02 21 22:27:41 GMT200 vacancies will need to be filled at the new Martin Army Community Hospital at Fort Benning.At the columbus state university cunningham center.The new 745, 000 square foot facility is under construction.It will replace the current hospital on post which was built in 1958.The new $500, 000 million hos.200 vacancies will need to be filled at the new Martin Army Community Hospital at Fort Benning.At the columbus state university cunningham center.The new 745, 000 square foot facility is under construction.It will replace the current hospital on post which was built in 1958.The new $500, 000 million hos.Coroner:Columbus shooting suspect found deadcoroner:Columbus shooting suspect found deadupdated:Friday, february 21 2014 6:42 PM EST2014 02 21 23:42:46 GMTA Phenix City woman has died after a shooting in Columbus Friday morning.A school in phenix city is on lock down while police search for shooter.A phenix city woman has died after a shooting in columbus friday morning.A school in phenix city is on lock down while police search for shooter.One dead after fiery troup county interstate crashone dead after fiery troup county interstate crashupdated: Thursday, February27 2014 11:55 AM EST2014 0227 16:55:50 GMTOne person has manolo blahnik pumps died after a fiery crash on Interstate 85 in Troup County Thursday morning, the Georgia State Patrol confirms.One person has died after a fiery crash on interstate 85 in troup county thursday morning, the georgia state patrol confirms.Contact uscontact uswrbl rises above the competition through our combination of community involvement, the best local news and the most watched programming on network tv.Wrbl rises above the competition through our combination of community involvement, the best local news and the most watched programming on network tv.Second arrest in case of 12 year old girl sexually abused in auburnsecond arrest in case of 12 year old girl sexually abused in auburnupdated:Wednesday, february 26 2014 6:29 PM EST2014 02 26 23:29:16 GMTHighlights and scores from the quarterfinal round of the GHSA girls basketball state tournament.Wrbl news 3's naomi keitt reports live from the scene of a police involved shooting in columbus.Raw:Russell co.Sheriff announces arrest in christian louboutin ballerinas wiggins murderraw:Russell co.Sheriff announces arrest in wiggins murderrussell county sheriff heath taylor announces the arrests antonio king and santago davis in the murder of sayquawn wiggins. Arrests made in Sayquawn Lamer Wiggins murderArrests made in Sayquawn Lamer Wiggins murderTwo arrests have been made in the murder of Sayquawn Lamer Wiggins, according toRussell county Sheriff Heath Taylor. Two arrests have been made in the murder of Sayquawn Lamer Wiggins, according toRussell county Sheriff Heath Taylor.

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2015-Apr-23 06:51
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3 hot brands millennials love Weighs whether to offer kiev armaments in support of its struggle against pro russia rebels.Foreign ministry spokesman marcin wojciechowski said tuesday that poland was ready to sell armaments to ukraine in a commercial deal.President barack michael kors obama is reconsidering his opposition to giving ukraine defensive weapons in what might suggest that washington is concerned that economic sanctions on russia are not doing enough to end the conflict in eastern ukraine. Jordan will execute wednesday an iraqi would be suicide bomber on death row and other jihadists after having vowed to avenge the murder of a jordanian pilot by islamic state jihadists, an official said. Sentence of death pending on.Iraqi sajida al rishawi will be michael kors sale uk carried out at dawn, the security official said on tuesday, speaking on condition of anonymity. Rishawi, the would be bomber, was condemned to death for her participation in deadly attacks in amman in 2005, and is had offered to spare the life michael kors outlet online of the jordanian fighter pilot, lieutenant maaz al kassasbeh, if she were released.

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2015-Apr-22 06:45
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Can michelle obama michael kors online outlet save fashion industry Michelle obama will soon be the nation's first lady and mom in chief, but others are expecting even grander things from her, like saving the fashion industry. The flagging fashion industry, for one, is hoping that the future first lady will inspire women to keep on buying despite the dour michael kors australia outlet economy. "Where do we look for hope, an opportunity to create good feelings for the customer?There is real hope with michelle obama.I think she can keep women interested in purchasing. " Obama's name surfaced at a recent meeting of the fashion group international, a professional organization for members of the fashion industry.The topic of discussion was the economy, and one member wondered aloud whether obama could bolster the industry during the current economic downturn. "I think she will absolutely impact the fashion industry,"Kamali said. "She represents a real woman, a real woman's body, a real woman's lifestyle.She will purchase clothing that represents what women should be buying or wearing.She's not going to dress in a dowdy way.She's going to want to feel good like every woman and be very practical and sensible in her purchases. " Obama has already demonstrated a certain sensibility in the way she chooses her clothing.When she appeared on"The tonight show"Last month amid revelations that a $150, 000 wardrobe had been purchased for republican vice presidential candidate sarah palin, obama told host jay leno that she and her husband have a policy of purchasing their clothes. She pointed out her ensemble:Her yellow cardigan, printed yellow and brown blouse and pencil skirt was purchased online from j.Crew and got cheers from the audience. "You can get some good stuff online,"She said. "When you don't have time, you've got to click. " J.Crew acted swiftly to capitalize on obama's unexpected endorsement.Its web site promoted her outfit, which cost $414, on a page that said: "All politics asidethis outfit gets our vote. " "We will finally have a true modern style icon back in the white house,"Said jayne chase, one of the co hosts of the radio show"A fashionable life,"Which airs on wgch 1490 am in greenwich, conn., as well as the Web. "She's going to bring affordable american sportswear into the forefront, not that she won't wear designers, but she's also going to bring smart, professional looking outfits into the white house.That's who she is, a working mom.That's her style and i think that's exciting for a lot of women and that's going to be good for the fashion industry. " "She's buying off the rack, which i think a lot of first ladies haven't done for a long time,"Chase said. "The fact that she's wearing j.Crew is great.It's a go to resource for weekend wear as well as working cheap michael kors bags women.They have a rainbow of colors of cashmere sweaters [for $178] that are fantastic. " Kamali also believes obama is on her way to becoming a style icon, though a different one from jackie kennedy, the first lady she is most often compared to when it comes to her fashion sense.

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2015-Apr-21 06:37
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Featured articles about austin city limits October 8, 2009 Week of oct.Her quest takes her into the violent world of the russian mob.Viggo mortensen, armin mueller stahl and vincent cassel also star.5 We have the return of Saracen's(Zach gilford)Mom(Kim dickens)Happy birthday, remote control:We step back from the. By steve johnson, tribune television critic june 8, 1996 Happy birthday, remote control:We step back from the usual hustle and bustle of the highlighting business to note that today is the 40th anniversary of the introduction of zenith's space command tv set, which featured the first practical wireless remote control device.It worked by high frequency sound, rather than current remotes' infrared light mechanisms, but it did work, and it changed, in a little way, the world. By steve johnson, tribune television critic march 29, ralph Lauren outlet online 1997 Which side are you on? :The tv entertainment dichotomy saturday couldn't be clearer:Middle of the road or dirt road.7)And see a mongrel mixture of entertainers bill maher, natalie cole, jon bon jovi, magicians, a ventriloquist and more crammed into 46 minutes of non commercial time.Or you could watch"Austin city limits" (Wyin ch.Is revved and ready, but does the band still matter? By greg kot, tribune critic march 16, 2008 Michael stipe couldn't go onstage without his espresso thursday, so the few hundred fans, friends and journalists gathered at the taping of"Austin city limits"On the university of texas campus had to wait. By steve johnson, tribune television critic june 7, 1997 "On tour":Pbs, more commonly the home to classical musicians and the likes of john tesh, offers up one of its periodic forays into the world of rock 'n' roll you know, that music with all the drum banging and the nasty lyrics that the kids like.The new 26 episode series is called"On tour,"And its aim is a noble one:Act as a documentary filming bands on the road as they perform actual concerts, rather than staged for tv events.Next week)Just what we need:Another awards show By jack hurst december 10, ralph lauren italia outlet 1987 Were you thinking the last thing the world really needs is another awards show?Nevertheless, there will be ralph lauren online shop a new one april 26.It's the nashville network's"Viewers choice awards,"A 90 minute cable tv special whose winners will be named by viewers of the one of the fastest growing network entertainment services, now seen in more than 36 million cable tv homes.

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2015-Apr-20 06:43
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Lvmh moet hennessy's lvmuy ceo christophe navarre on q2 2014 results Thank you.Ladies and gentlemen good afternoon and welcome to this conference call.I'm jean jacques guiony, the chief financial officer of the lvmh group. Before i begin i must remind you that certain information to be discussed on today's call is forward looking and is subject to important risk and uncertainties that could cause results to differ materially.For these i refer you to the safe harbor statement included in our press release. Let's now move to today's topic first half figures.I shall cover the first part with more significant numbers and chris hollis, louis vuitton luggage uk group's head of investor relations will cover the main developments of our different business groups.After this, both chris and i will be available for your questions. The press release is available on our website as well as the slides for today's presentation and the interim financial report. So, let's move to slide two and i shall start with revenue for the first half.As you may see we ended the semester with most of our business groups in the positive territory.You will note that publish growth is lower than the organic growth despite a roughly 2% positive regulatory impact stemming from the first time consolidation of loro piana.We suffered an adverse currency impact of about 4% with a 4% drop in the dollar and 11% drop in the yen. Chris will comment on business groups in more detail, but the main points to be reminded are as follows. Fashion and leather is up 4% in organic terms with heavy impact from japan we shall discuss in a moment.Perfumes cosmetics is up 6% in organic terms beating most, if not all markets performances in its main geographies.Watches jewelry was a bit under pressure in the first half particularly with regards to watch component of the business.And finally selective distribution is showing a very strong performance with a 9% growth in organic terms. Let's move to slide three, where you can see a comparison between the first and second quarter in terms of organic growth.The key point to have in mind is that anticipated purchases ahead of the rate increase in japan boosted sales in the first quarter.They about two points to q1 organic growth as we discussed before, while q2 was affected about one point of decrease in the japanese business after the vat increased implementation in early april.If you take this out, our organic growth despite differences division by division was essentially stable in q1 and q2. Let's now move to slide four, which shows the geographic breakdown of revenues.Is one quarter, no major change on louis vuitton luggage sale this chart in the first half of the year. Moving to slide five, you may see the organic evolution of sales in our main geographies.You will see the impact of the japanese vat increase which i mentioned before with plus 32% in q1 and minus 11% in q1.Yet overall japan grew 11% in first half.Other geographies showed similar growth in between q1 and q2.Europe is essentially stable while asia is impacted by the weakness of the wine spirits business in this region.Is showing mid single digit growth with a slight improvement in quarter two. Let's now move to the next slide where you may see our simplified profit and loss account for the period.Main comments are as follows.We already discussed revenues which is growing 3%.Gross margin was quite stable at 65.5% of sales sorry 65.8% of sales in the same period of last year. Operating expenses grew a bit faster than sales, excluding currency impact and the first time consolidation of loro piana, selling expenses grew about 9%, marketing 6% and nim expenses 4%. Profit from recurring operations is down 2% excluding currency impact we shall discuss this in a moment.Other operating income and charges are negative by 49 million reflecting mostly amortization and depreciation of intangibles at a level which is not entirely different from last year's. I shall discuss financial charges in a separate slide in a minute but no major difference compared to last year.Same comment for income taxes with tax rate being stable at around 30.5%.As a result group's share of net profit is down 4%. Let's now let at the profit from recurring operation which is broken by business groups on slide seven.Wines spirits had a difficult first half as i told you with minus 15% in profit from recurring operation.This is obviously the consequence of the 7% drop in sales in euro terms, chris will discuss in more detail this in a moment. Fashion leather did more flat penalized by negative currency impact and the complete strategic reshuffle at marc jacobs.To be noted that lv margin was stable in the first half of the year. Perfume and cosmetics shows a 2% increase in profit from recurring operations in line with sales in europe.Watches and jewelry was affected by softness of the watch business and the production and distribution reorganization currently being implemented at tag heuer.Otherwise the rest of the business was quite strong. Finally, with selective distribution, we had very solid first half at sephora, but dfs margins suffered a significant adverse impact stemming from both product mix and rising occupancy cost in airports. Let's move to slide eight and a word on the reasons for the change in the profit from recurring operations.You are familiar with this chart, what you can see is that the perimeter impact of 47 million on loro piana helped the profit by about 2% while currency had a negative impact of almost 9%.Excluding both these items, organic growth in profit would have been around plus 2%. Let's now turn to slide nine and the analysis of the net financial charges.A few points to mention, the cost of debt is slightly down despite a 25% rise in debt in connection with the loro piana acquisition funded at the end of last year, which formally benefited from lower interest rate obviously.The cost of hedging was a bit lower than last year and hopefully represent about one half of the total year's amount.Finally income on the financial investment portfolio was in line with last year the bulk of this amount as you know is dividend we received on our holding. Moving on to slide 10, where you can see the balance sheet structure.The structure of the balance sheet did not evolve much compared to 2013 year end.Total equity is in excess of 50% of the balance sheet whilst inventories represented about 17% of the total.Minus louis vuitton bags uk 2% compared to last year's number.Working capital used about 1.27 billion in cash, about 250 million more than last year.This comes mostly from an increase in inventory as well as decreasing payable which is normal at the end of the year but its magnitude was higher than it was last year.Finally capital expenditures are more or less in line with last year's number. I will finish the first part of the presentation with the comment on the group's net louis vuitton outlet online shop uk debt which you can see on slide 12.The level of net debt reached 6.5 billion about 1.1 million higher than at the end of last year.As you all know, this increase was usual in the first half of the year while the payment of dividends to our shareholders and minority equity partners exceeds traditionally our net cash flow.The group's net debt at the end of june represents 23% of the total shareholder liquidities. I will now turn toChris who's going to review the main developments within our various business groups.Chris? Thank you jean jacques.I will turn the discussion on our business groups beginning with wines and spirits on slide 14.This business as you all know was impacted negatively by both of the destocking by distributors in china, following the anti extravaganza measures being taken there and by the impact of the strong euro.Consequently this group saw a 1% decrease in organic revenue growth on a reported basis, taking into account the negative currency impact.Revenues were reported down 7% at 1.677 billion compared to 1.705 billion in the year ago first half. Looking at the two main categories in the first half of 2014 champagne and wine organic revenues grew by 6% but after a negative 6% currency impact, reported revenues fell only slightly to 723 million compared to first half of 2013.For cognac and spirits, organic revenue declined 7% and after a 4% negative currency impact, reported revenue was 954 million compared to $1.68 billion in the year ago period. Profit from recurring operations for this business group declined 15% to 461 million for the first half of this year.Breaking this down, champagne and wine stood at 152 million in profit while cognac and spirits contributed 309 million for the first half.This reduction was primarily due to the negative mix impact resulting from the current destocking of cognac in china. For wine specifically the solid momentum underway at chandon was offset by the negative effect of the depreciation of argentina peso and a more limited contribution of some high end french wines due to a different phasing of shipments.

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