Gucci Group Unveils Sales Growth Plan
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Luxury goods retailer Gucci Group NV said Tuesday that it plans to increase sales by 10 percent a year by doubling the size of its core brand and turning around unprofitable units.
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The company sees a huge increase in sales, but can it last?
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Business & money: Retail group expects to hit profit forecasts as company boss puts his hopes in store revamps.
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GM is set to announce a wide-ranging plan to attract new buyers, potentially including extending car warranties.
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NEW YORK  &#151; 50 Cent may be getting hip-hop's equivalent of a gold watch next week. Early reports have Kanye West beating 50 in their much-hyped battle of album sales: West's "Graduation" is on pace to sell about 575,000 to 700,000 its first week out, while 50 Cent's "Curtis" is on track to do 550,000, according to Billboard magazine.
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G.E., which reported earnings growth in 9 of 11 business units, said that it saw particular strength in industrial sales.
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NEW YORK, November 11  - Target Corporation (TGT.NYS) has reported 78% growth in its third-quarter earnings this year, boosted by its robust sales performance and gains from the sale of its Mervyn&#39;s department stores chain.
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Giorgio Armani, the Italian fashion designer, has said in a newspaper interview that he was prepared to sell his fashion empire.
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The children's clothing retailer likes its sales trends.
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General Motors Corp  aims to  quadruple sales of its Chevrolet brand cars in Germany within  seven years, the division&#39;s manager was quoted as saying on  Sunday.
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Gucci owner PPR takes effective control of Puma three months after offering to buy sportswear maker.
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Achim Kassow, who took over responsibility for the business a month ago, is expected to touch on the broad strategy for the unit tomorrow when he announces plans to target wealthy individuals.
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The National Retail Federation will predict a sales increase of 5 percent, to $457.4 billion, compared with last year.
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General Motors Corp  expects the  U.S. auto industry to increase incentives and promotions to  maintain sales above the 16 million mark in 2008, GM's North  American sales chief told Reuters on Tuesday.
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Lego Group reported 5 percent revenue growth in the first half of the year due to higher sales of classic products like its City, Technic and Star Wars lines. The toy maker also raised its full-year earnings forecast.
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Tom Ford, the designer who helped to revitalize the Gucci brand, is tapping into a growing market for male grooming with the launch of a new menswear range and shop in New York next year.
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The company will continue to capitalize on the growth in LCD TV sales.