Kors crushes earnings, Esprit plummets, Inditex defies crisis, Louboutin woes, Vogue Ukraine

Michael Kors Spring/Summer 2012 | Source: Lelima

Kors Crushes Earnings: Will the Growth Continue? (Daily Finance)
“Shares of design house Michael Kors popped on the open today, with the stock climbing more than 5%. The luxury-goods retailer reported fiscal fourth-quarter earnings that beat on both the top and bottom lines.”

Clothing retailer Esprit’s shares slide 23 percent as CEO quits (Reuters)
“Shares of Esprit Holdings Ltd fell by nearly a quarter on Wednesday after the clothing retailer’s chief executive resigned, casting uncertainty over its costly restructuring plan and efforts to revitalise a brand that it admitted last year had ‘lost its soul’.”

Inditex defies crisis to grow net profit 30 pct (Reuters)
“Spain’s Inditex, the world’s largest clothes retailer, showed on Wednesday it can sell to both fashion-hungry shoppers in emerging Asia and cash-strapped consumers in Europe, posting a sharp rise in first-quarter earnings.”

Louboutin’s new red sole woe (Telegraph)
Christian Louboutin has lost another red sole-centred battle, this time against high-street chain Zara. The case erupted in 2011 when Louboutin sued Zara France for ‘counterfeiting and unfair competition’ when they sold a £45 (49 euros) pair of red-soled, opened-toed shoes similar to Louboutin’s ‘Yo Yo’ style.”

Vogue to Launch Ukraine Edition (WWD)
“Condé Nast International announced that a Ukraine edition of Vogue would debut within the next year. It will be published as part of a license partnership between Condé Nast International and UMH Group.”