Tommy Hilfiger Pretax Income Plunges
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Tommy Hilfiger Corp., facing a federal tax probe and struggling with sluggish demand for its fashions at department stores, reported a 58.6 percent drop in third-quarter income before taxes.
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The home-furnishings retailer reports lower earnings but beats expectations.
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Marks &amp; Spencer Group Plc, the UK&#39;s largest clothing retailer, said first-half earnings fell as much as 12 percent after sales declined for a fourth straight quarter.
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FASHION designer Tommy Hilfiger has become the latest business tycoon to cash in on the reality TV phenomenon. Hilfiger will star in a contest series based on property mogul Donald Trump&#39;s reality TV hit, The Apprentice.
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U.S. Treasury prices added to previous  gains on Thursday after a regional manufacturing index slipped,  as expected, and its employment component plunged.
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U.S. stocks fell on Thursday as investors locked in profits ahead of jobs data on Friday that could show further weakening in the economy and hurt corporate earnings.
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Rentokil Initial served up more gloom yesterday with a 12% fall in pre-tax profits to Â£293.9m for the first 10 months of this year and a warning that 2005 would be even worse.
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Business & money: Fashion label Tommy Hilfiger has abandoned plans for a Â£1.5bn stock market float in Amsterdam
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Tommy Hilfiger Corp. -- whose once-hot preppy clothing business has cooled -- is trying to rekindle growth by buying luxury brand Karl Lagerfeld.
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Profits take a plunge, but the stock price is stable.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.
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Wall Street investors received a double dose of bad news overnight before the US market opened this morning after suffering its biggest fall in two months Friday.
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Sales fall and losses double at home decor retailer.
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Manchester United&#39;s pre-tax profits for the past financial year dropped nearly 30 percent from the previous year, the Premier League club announced Monday.
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Unilever PLC, the Anglo-Dutch consumer goods giant, reported that its pretax profit fell two percent in the third quarter after sales of ice cream, soft drinks and household goods were hit by poor European weather, weak consumer demand and pressure from rivals.
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Luxury home builder Toll Brothers   on Thursday reported sharply lower quarterly net  income, hurt by a downturn in the U.S. housing market.
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Shares of Tommy Hilfiger Corp. fell to a 52-week low Monday after the clothing company said it is the subject of a federal grand jury investigation focused on whether its commission rate to an international subsidiary is justified.