LVMH Q1 sales jump 11%, Shedding Talbots’ Granny image, Retail boosts Dow, Boss sees profit growth, Ask a Stylist app

Loewe Spring/Summer 2010 | Source: Loewe

Loewe Spring/Summer 2010 | Source: Loewe

Luxury goods brand LVMH sees sales soar (Guardian)
“A surge in demand for expensive jewellery, fashion goods, perfume and champagne has sent sales soaring at luxury goods firm LVMH Moët Hennessy Louis Vuitton. LVMH saw revenues jump by 11% in the first three months of this year to €4.472bn.”

Talbots Politely Shows Granny the Door (WSJ)
“To solidify its comeback and boost sales, Talbots must complete a merchandise and image overhaul aimed at attracting younger customers. And that’s a tall order for a brand that many women think of as perfect for their grandmothers.”

Morning Markets: FTSE muted as Dow hits 19-month high (Investment Week)
“Retailers were in the spotlight after the British Retail Consortium said UK sales in March rose at their fastest rate in almost four years thanks to the earlier timing of Easter. Total retail sales rose 6.6%, against 0.6% growth in March 2009.”

Hugo Boss Forecasts Higher Operating Profit, Sales This Year (Business Week)
“Hugo Boss AG, Germany’s largest clothing maker, expects ‘single-digit’ sales growth this year on rising demand for suits in North America and Asia. Operating profit this year will rise at a faster pace than sales, which should also advance in 2011.”

A Fashion App That Talks Back (WSJ)
“‘Ask a Stylist,’ a New Fashion iPhone App, Puts Style Experts On Call for Fashion Emergencies…The app, which claims to be the first to link up people in real time, is among the latest fashion tools to enter the crowded marketplace of 185,000 iPhone apps.”