Mid-tier department store operator Kohl's Corp reported a higher-than-expected fourth-quarter profit and forecast continued growth from its lucrative exclusive brands, sending its shares up 4.9 percent.
Steven Madden Ltd's fourth-quarter profit topped market expectations, as the shoe maker saw margins improve due to higher initial mark-ups and fewer store close-outs, and forecast 2010 earnings above estimates.
True Religion Apparel Inc reported quarterly results that comfortably beat market estimates, driven by strong direct-to-customer and international sales, but forecast a full-year 2010 profit range below expectations.
The unabated popularity of its UGG boots should help Deckers Outdoor Corp breeze past estimates for the fourth quarter, with the market now looking for a more concrete picture of company plans for its international distribution.
Brookfield Asset Management Inc's interest in bankrolling General Growth Properties Inc's independent exit from bankruptcy raises what may be a crucial question in the battle for the mall operator: Would creditors prefer stock or cash?