Ermenegildo Zegna 2018 Profits Up, Group Invests in Key Markets

MILAN — Reporting an uptick in net profits last year, the Ermenegildo Zegna Group is setting the foundations for further growth as it strengthens its omnichannel approach and continues to build its main market, China, while investing in other key regions, including the U.S. and South East Asia.
In the 12 months ended Dec. 31, net profits rose 3.6 percent to 34 million euros, compared with 32.8 million euros in 2017. Earnings before interest, taxes, depreciation and amortization edged up 0.7 percent to 143 million euros, a margin of 12.3 percent on sales.
Revenues declined 2 percent to 1.16 billion euros, compared with 1.18 billion euros. At constant exchange rates, sales inched up 0.4 percent.
Gildo Zegna, chief executive officer of the Ermenegildo Zegna Group, told WWD that he had a positive view of the performance last year, which was affected by a general slowdown in the international economy, currency fluctuations and weak demand in Europe and the U.S. The two regions were dented by slow tourist traffic, especially from China, as the Chinese now prefer to shop in Asia.
The men’s wear group can leverage the “advantage of being already well-known there,” said Zegna, who was in New York to celebrate the official opening

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Ermenegildo Zegna Group Profits Climb 64% in 2017

MILAN – A new brand strategy and a turnaround in markets including China, the Russian Federation, Macau, Singapore and Japan helped the Ermenegildo Zegna Group post a 64 percent jump in net profits last year. In the 12 months ended Dec. 31, earnings rose to 32.8 million euros, compared with 20 million euros in 2016.
Earnings before interest, taxes, depreciation and amortization climbed 13.6 percent to 142 million euros, compared with 125 million euros, in the previous year.
Revenues increased  2.3 percent to 1.18 billion euros, compared with 1.15 billion euros in 2016.  At constant exchange, sales gained 4.5 percent.
“The positive results of 2017 are the outcome of many factors which have interacted nicely thanks to the brand strategy that was inaugurated with the arrival of Alessandro Sartori as artistic director,” said Gildo Zegna, chief executive officer of the family-owned group. “The success of the collections, the development of capsules able to integrate the offer of seasonal collections, and the intensification of marketing initiatives starting with communication campaigns that support storytelling linked to our products and events have allowed Zegna to participate in the recovery that is characterizing the global markets. Thanks to the omnichannel, or the integration between physical and virtual channels, we have not

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Tailored Brands Profits Rise 30 Percent in Third Quarter

The picture is brightening for Tailored Brands Inc.
On Wednesday, the men’s wear retailer reported that net profits in the third quarter ended Oct. 28 increased 30 percent to $ 36.9 million, or 75 cents a diluted share, from $ 28.4 million, or 58 cents, a year earlier.
Earnings per share came in 21 cents ahead of the 54 cents analysts projected and helped push shares of the company up 12 percent, to $ 19.26, in after-hours trading Wednesday.
Sales for the three months ended Oct. 28 fell 4.3 percent to $ 810.8 million from $ 846.9 million.
“While we still have more work to do, we are pleased with the progress in our business in the third quarter,” said Doug Ewert, chief executive officer. “We posted positive comparable sales at Jos. A. Bank and sequential comparable-sales improvement at Men’s Wearhouse and K&G, resulting in our second consecutive quarter of positive comparable sales for our retail segment.”
In the period, comparable-store sales at Jos. A. Bank increased 4.9 percent. Comps at the Men’s Wearhouse division fell 1 percent, Moores in Canada was down 2.6 percent and K&G was down 0.6 percent, he said. But on a late-afternoon earnings call with analysts, Ewert said both Men’s Wearhouse and Jos. A. Bank are

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Record PS4 Units Shipped, but Sony Profits Down By Half

Despite a strong outing from the PlayStation brand, Sony’s profits are down for Q3; October 1, 2016 to December 31, 2016.

From a PlayStation perspective, things look very rosy. For the period, 9.7 million PS4 units were sold, an increase from 8.4 million for the year prior, and the best-selling three months for the console in its history. Sony plans to have shipped 60 million units by March, 2017.

Sales increased 5.2 percent year-on-year, while Operating Income for the Games & Network Services sector increased to 50 billion yen ($ 431 million). The reason for the increase, per Sony, is due to the lower PS4 price-point, PS4 software in-store and via the PSN, and the recent release of PlayStation VR.

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Samsung posts highest profits in 3 years despite Note7 debacle

Samsung posts highest profits in 3 years despite Note7 debacleSamsung reported Monday that its Q4 2016 operating profits jumped by 50% to $ 7.9 billion, the company’s highest in three years. The jump in profit is especially impressive when you consider the stunning recall of Samsung’s Note7. Samsung is a major supplier of memory chips and LCD and OLED displays for other tech companies.



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Patagonia Is Donating 100 Percent of Its Profits This Black Friday

It’s all about improving the planet.

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Lack of War Hurting Halliburton’s Profits

2015-08-24-1440457765-6048703-t1larg.halliburton.file.gi.jpg
Halliburton’s Company Building in Houston, Texas.

Squeezed by the sudden reduction of global violence, Halliburton announced yesterday the unexpected lack of war will be hurting their next profit report.

“We had been hoping for several good wars in the last few years, but with the Syrian dilemma ending in trade sanctions, Congress voting against ground troops in the Ukraine during the Crimea crisis, and now the Iran Deal suspending even more war in the middle east, we are looking at a bit of a war drought,” said a company spokesman.

Dick Cheney, an expert in starting and maintaining wars, reiterated the need for a proper war soon to balance the books and keep what he called ‘the gravy train thing’ going. “It’s simple economics,” he said. “You can’t just rebuild infrastructure you haven’t blown up, at a mark up, or house and feed troops that aren’t there, where we dumped hexavalent chromium, if no one is going to be there to begin with.”

Continued war scarcity is driving certain arm manufacturers out of the war business altogether. Several long-time military industrial corporations will start diversifying and switch to more profitable peace-time products, like textbooks, agriculture, and cement. “It seems people are interested in growing food, education, and building things. Who knew?” said an unnamed CEO whose company specialized in bomb assembly.

Other executives have had it with what they call the ‘Peace Problem.’ “With diplomatic missions constantly breaking out it’s made things very difficult for us,” said an inside source. “We’re not averse to being creative, arming small militias or even supporting civilian clashes, as long as it’s an expensive conflict. We can adapt, we have children of our own to feed,” she said.

Some war mongers are being more proactive, investing heavily in conflict experts who are brought in as negotiators and can take any decent peace-time agreement and find problems with it. Sands Pierce, a professional conflict expert from EndTime, Inc. says “It’s not that hard, I just keep saying “no” to the most common sense things and ‘no’ again when all my demands are met.” Sanders warns one does have to be a professionally trained obstructionist. “It can be exhausting. Normal people don’t have the stamina to continually say ‘no’ to common sense.”

Halliburton stays hopeful. “We know everything is cyclical,” says a company spokesman. “We’re hoping this peace-time isn’t permanent. We invested a lot of money in man’s inhumanity to man, and aren’t about to give up on it yet.”

PHOTO CREDIT: GETTY IMAGES

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Mama June Shannon Sued By Daughter Over ‘Honey Boo Boo’ Profits

MCDONOUGH, Ga. (AP) — The daughter of the reality TV show mother on “Here Comes Honey Boo Boo” is suing, saying she hasn’t been fully paid for her appearances.

Anna Cardwell filed the lawsuit Monday, saying her mother, June Shannon, the TLC network and others failed to pay her and her daughter for appearances on the show.

The lawsuit says Shannon and Honey Boo Boo LLC were in control of money meant to be put into a trust for Cardwell and her daughter. Cardwell claims she is owed more than $ 201,800 and her daughter is owed more than $ 99,500.

TLC representatives declined to comment. A phone listing for Shannon couldn’t be found.

The network canceled its colorful series about the child beauty pageant contestant Alana (Honey Boo Boo) Thompson and her Georgia family.

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handmade blue leopard bib – profits go to typhoon haiyan relief

handmade blue leopard bib – profits go to typhoon haiyan relief


Handmade Blue Leopard Bib – Profits Go to Typhoon Haiyan Relief. Front: Blue Leopard Print on Grey Fabric Back: Blue Design is block printed on fabric to achieve a one of a kind look. Includes 2 snaps making it adjustable to your baby’s size. Safe non-toxic paint. For every product we sell, 15% of the profit goes to the Synergia Foundation in the Philippines, which helps send children affected by typhoon Haiyan to school Millipy hopes to show respect and appreciation for our environment and its beauty by working towards sustainability. Excess cloth and fabrics from the projects of other companies find new life at Millipy. We hope our products can spark conversation between parents and children about ways to reduce, reuse, and recycle

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You Cant Lead With Your Feet On The Desk: Building Relationships, Breaking Down Barriers, And Delivering Profits

You Cant Lead With Your Feet On The Desk: Building Relationships, Breaking Down Barriers, And Delivering Profits


You can''t lead with your feet on the desk . . . or your brain on hold. Ed Fuller brings experience, intelligence, and heart to this inspiring guide to building relationships and the good things that follow when you do. The message is delivered in an engaging style that keeps you entertained and leaves you with lasting wisdom.—MICHAEL V. DRAKE, MD, Chancellor, University of California, IrvineThe world of tourism, hospitality, and hotels has become a very global, complex, and diverse industry. No one knows this better than Ed Fuller. In this thoughtfully written text, Ed is speaking to business students, managers, and executives of all industries through his rich experience in the global hotel industry. We have found many great examples within these pages of how we can conduct business better, and I would suggest that they are not only relevant in the United States but throughout the world.—ANDREW H. FEINSTEIN, James A. Collins Distinguished Chair and Dean, The Collins College of Hospitality Management, Cal Poly PomonaThe World Travel & Tourism Council services six continents. Ed''s book will empower you to apply many of the principles that we employ globally, whether it''s in Denver, Dubai, or Düsseldorf. These principles will give you a competitive edge in your markets immediately.—JEAN-CLAUDE BAUMGARTEN, President, World Travel & Tourism CouncilEd Fuller''s generous layers of personal experiences and his crisp narrative make his stern message easy to understand. Take my advice, read his book before you take another plane on a foreign business trip. It will change the way you behave.—GEOFFREY KENT, founder and Executive Chairman, Abercrombie & KentLet me tell you what Ed''s book isn''t: it''s not a primer on how to shake hands or fold your napkin in another country. It''s an incredibly rich insight into leadership through well-earned personal relationships and experiences that American business executives need to embrace to succeed in the global economy.—ROGER DOW, President and CEO, U.S. Travel AssociationEd''s book gives the student, manager, and executive practical experience in dealing with unique situations, new relationships, and creative problem-solving approaches that are broadly applicable in the business world, no matter where you live or whom you deal with. The insights will prove valuable to your personal growth.—ANDY POLICANO, Dean, The Paul Merage School of Business, University of California, Irvine
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