26 August, 2008 | by Robert Cordero

BoF Daily Digest | Perry Ellis, Retail in Las Vegas, Coach’s stock buyback, Beauty and the Brits

Perryellis

Perry Ellis: Stock Down 25% on Huge Q2 Loss (Seeking Alpha)
Perry Ellis suffers a significant Q2 loss.

Las Vegas Retailers See Strife, Opportunity (DNR)
As less people travel to Las Vegas, retailers are “fighting for every dollar.”

Coach in $1 Billion Share Buyback (WWD)
Coach just announced a $1 billion stock buyback program, which according to  Lew Frankfort, the company’s CEO, is "designed both to increase economic value for shareholders and to offset the share issuances under our employee compensation plans,"

Brits Lead EU Beauty Spend (WWD)
In 2007, British consumers spent more on beauty and health products than anyone in the EU.

Perry Ellis ad, courtesy of Perry Ellis.


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