: iStockAnalyst.com Symbols Feed

How To Profit From The Growing Luxury Market In China

Tue, 27 Oct 2009 18:35:23 GMT

Emerging Asia’s role in the market for high-end luxury goods is mushrooming, reflecting a shift eastward in the global balance of spending power. This shift has crept along for years but has accelerated recently due to the global economic crisis, which has hampered economic growth in many countries. US consumers ended up living beyond their means by borrowing against asset bubbles – housing, stocks, etc. – which have burst and may be weak for years.[More...]

The Future's So Bright: Wal-Mart (NYSE:WMT), Luxottica (NYSE:LUX)

Wed, 13 May 2009 11:38:50 GMT

Is stealing 177% from summer-dazed investors ironic? You betcha![More...]

Too Good To Be True For Orange 21

Mon, 24 Nov 2008 18:04:00 GMT

Orange 21 Inc. (NDAQ: ORNG) shares opened lower after Costa Brava withdrew its $3.90 per share aquisition offer. Many investors are attributing this withdrawal to the poor financing environment that may prohibit anything but an all-cash deal. In fact, Orange 21 even reported a net income of $6,000 for the quarter compared to a loss of $58,000 during the prior year quarter. Consolidated net sales declined, however, to $12 million from $13.2 million. The benefits came from lower operating expenses. According to the Schedule 13D/A filing made with the SEC: "On November 21,[More...]

Italy’s New Prime Minister Could Bring “La Dolce Vita” to Investors

Tue, 22 Apr 2008 04:50:28 GMT

By Martin Hutchinson Contributing Editor Italian elections have traditionally been confusing, with one weak center-left coalition government replacing another. But the election held on April...[More...]

Analyst Comments: Eli Lilly, Countrywide, Churchill Downs, Dr. Reddy's Laboratories, Sonic Foundry, Smith International, Matsushita Electric, Luxottica Group, Tesoro Corp, Vivo Participações

Thu, 31 Jan 2008 18:07:25 GMT

The following excerpts explain why Zacks senior pharma industry analysts Jason Napodano, CFA and Brian Marckx, CFA remain neutral on Eli Lilly and Company (LLY), the global healthcare company:'The company is entering a challenging period, brought about by recent pipeline disappointments, most notably surrounding anti-platelet drug, Prasugrel. Although we believe the underlying fundamentals of the company...[More...]

Luxottica Q3 Net Income Down 21%

Fri, 30 Oct 2009 15:49:00 GMT

Luxottica Group, which is engaged in the design, manufacture and distribution of luxury and sports eyewear, has reported a net income attributable to its common shareholders of E83.1 million, or E0.18 per diluted share, for the third quarter ended September 30, 2009, down 20.6%, compared to E104.61 million, or E0.23 per diluted share, for the same quarter of 2008.
Andrea Guerra, CEO of Luxottica Group, said: "Now that we are approaching the end of a year as demanding as 2009, we believe that the worst is behind us.
Flexibility, speed, the ongoing search for new solutions and a continued focus on the balance sheet have enabled Luxottica to post positive results even in a period as difficult as what we experienced.

[More...]

Luxottica Group Q2 Net Income Down 13%

Wed, 29 Jul 2009 13:51:00 GMT

Luxottica Group, which is engaged in the design, manufacture and distribution of luxury and sports eyewear, has reported a net income of E115.7 million, or E0.25 per diluted share, for the second quarter ended June 30, 2009, a 12.7% decrease, compared to E132.6 million, or E0.29 per diluted share, in the second quarter of 2008.
For the second quarter of 2009, net sales were E1.40 billion, a 3.5% increase, compared to E1.35 billion in the second quarter of 2008.
For the first six-months ended June 30, 2009, net sales were E2.71 billion, a 1.4% decrease, compared to E2.75 billion in the same period of 2008.

[More...]

BRIEF: Boulder Firms to Present at Venture Capital Event

Tue, 03 Mar 2009 20:51:00 GMT

Mar. 3--BOULDER, Colo. -- More than a dozen companies from the Boulder area are slated to present at the Venture Capital in the Rockies conference that runs Tuesday through Thursday in Beaver Creek.
The organizers of the event this year made a conscious effort to recruit companies in the budding cleantech, new power generation and Web 2.0 sectors, said Seth Levine, managing director of the Superior-based Foundry Group and co-chairman of Venture Capital in the Rockies.
The show attracts investors from both coasts and as far as Australia, Levine said.

[More...]

Meadville Mall on Track to Bright Future

Sun, 09 Nov 2008 19:51:00 GMT

Nov. 9--VERNON TOWNSHIP -- There's something bright on the horizon for the faded shopping center at the heart of the commerce-driven Conneaut Corridor, according to the property's owner and local officials.
Late last month, Vernon Township zoning officials issued a demolition permit to the Meadville Mall's owner, Wexford-based Michael Joseph Development Co. The company plans to tear down the empty buildings on the Route 322 property within less than 90 days, leaving Kmart as its only current retail tenant.
"We will be issuing a statement next week" on what future plans for the property are, Michael Joseph partner Guy DiRienzo said Friday, declining further comment.

[More...]

Frenchman Trades Surf-Inspired Glasses for Couture

Mon, 03 Nov 2008 08:04:00 GMT

Philippe Vergez wants to change the way women see the world.
The French entrepreneur owns JeeVice Optics, a San Clemente-based maker of upscale sunglasses for women.
JeeVice generates an estimated $10 million in yearly sales and is backed by a group of investors: Optic Couture Inc.

[More...]

ASR Saw Lower Turnout, Few Startups

Mon, 15 Sep 2008 07:53:00 GMT

APPAREL: Sober affair still drove business for big names in surfwear A stow economy sure can kill a trade show's buzz.
That was the case at this month's Action Sports Retailer Trade Expo in San Diego.
The show, which usually draws about 18,600 attendees, saw attendance fall 5% to 10% this year, according to show director Andy Tompkins of San Juan Capistrano-based ASR.

[More...]

'Streets of Brentwood' Starts Strong

Fri, 15 Aug 2008 16:02:00 GMT

Aug. 15--BRENTWOOD -- The first phase of an upscale 400,000-square-foot-plus retail complex that has emerged in eastern Contra Costa County is nearly fully leased -- months before it is due to open.
The Streets of Brentwood's initial phase, which totals 313,000 square feet, is 90 percent leased, according to the primary brokers for the development.
"This project has always leased really well," said Rob Kashian, a principal executive with San Francisco-based Retail West Inc., the brokerage handling the leasing of the center.

[More...]

Revo Offers Recycled Eyewear Featuring Eco-Friendly Revo Re-Use(TM) Technology

Fri, 14 Aug 2009 12:51:00 GMT

Performance eyewear maker, Revo, has long been recognized for its industry-leading polarized lenses and advanced, lightweight frame materials. Today, Revo continues its legacy of innovation by offering recycled eyewear featuring new Revo Re-Use technology.[More...]

Luxottica Returns to Growth, With 2Q09 Sales Up By 3.5 Percent

Tue, 28 Jul 2009 16:50:00 GMT

(in millions of Euro) 2Q09 2Q08 Change
For the quarter, two results deserve to be mentioned above all: the improvement in sales and the Euro 260 million in free cash flow(2).
In the second quarter of 2009, Group sales grew to Euro 1,401.6 million from Euro 1,354.4 million (up by 3.5% at current exchange rates, down by 3.3% at constant exchange rates).

[More...]

Luxottica Closes The Acquisition of a 40 Percent Participation In Multiopticas Internacional

Thu, 16 Jul 2009 17:09:00 GMT

Luxottica Group S.p.A. , a leader in the designing, manufacturing and distribution of fashion, luxury and sports eyewear, announces the closing today of its acquisition of a 40 percent participation in Multiopticas Internacional S.L. - previously announced on May 27. This transaction, which is worth approximately Euro 40 million, marks Luxottica's entry into the retail business in South America, a region with excellent growth potential and where the Group already has a solid presence through its wholesale network.About Luxottica Group S.p.A.Luxottica Group is a leader in premium fashion, luxury and sports eyewear, with over 6,150 optical and sun retail stores in North America, Asia-Pacific, China, South Africa and Europe and a strong and well balanced brand portfolio. Luxottica's key house brands include Ray-Ban, the best known sun eyewear brand in the world, Oakley, Vogue, Persol, Oliver Peoples, Arnette and REVO, while license brands include Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany and Versace. In addition to a global wholesale network covering 130 countries, the Group manages leading retail brands such as LensCrafters and Pearle Vision in North America, OPSM and Laubman & Pank in Australasia, LensCrafters in Greater China and Sunglass Hut globally. The Group's products are designed and manufactured in six Italy-based manufacturing plants, two wholly-owned plants in China and a sports sunglass production facility in the U.S. In 2008, Luxottica Group posted consolidated net sales of euro 5.2 billion. Additional information on the Group is available at www.luxottica.com. About Multiopticas Internacional S.L..Multiopticas Internacional was incorporated in Spain in 1987 and started that year its operations in Portugal where it became over a period of ten years the leading eyewear company in the country. In 1999 it started its operations in South America, first in Chile, followed by Peru. In 1995 it opened its business in Ecuador and a year later in Colombia. At the present time, Opticas GMO is the market leader in all the markets where it operates, with a market share of 25% in Chile, 30% in Peru, 20% in Ecuador and 15% in Colombia. Finally GMO is the most developed and better known optical company in South America.Safe Harbor StatementCertain statements in this press release may constitute 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those which are anticipated. Such risks and uncertainties include, but are not limited to, the ability to manage the effect of the poor current global economic conditions on our business, the ability to successfully acquire new businesses and integrate their operations, the ability to predict future economic conditions and changes in consumer preferences, the ability to successfully introduce and market new products, the ability to maintain an efficient distribution network, the ability to achieve and manage growth, the ability to negotiate and maintain favorable license arrangements, the availability of correction alternatives to prescription eyeglasses, fluctuations in exchange rates, as well as other political, economic and technological factors and other risks and uncertainties described in our filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, and we do not assume any obligation to update them.[More...]

Oakley to Auction Eyewear Signed by Lance Armstrong

Thu, 16 Jul 2009 10:56:00 GMT

Oakley, Inc. today announced that a one-of-a-kind LIVESTRONG JAWBONE sunglass, autographed by cycling legend Lance Armstrong, will be auctioned on eBay and all proceeds will go to the Lance Armstrong Foundation in support of its ongoing mission to inspire and empower people affected by cancer.'We are honored to help such a noble cause,' said Colin Baden, president of Oakley. 'We first teamed with Lance decades ago, back when doing the impossible meant defying the limits of performance. Years later, when cancer brought the greatest challenges he had ever faced, Lance did the impossible by defying those limits as well. Today his foundation brings hope to people all over the world. Oakley customers have shown their support by purchasing our special-edition LIVESTRONG products, and with a portion of each sale going to the Lance Armstrong Foundation, total contributions are now approaching $2.5 million. The eBay auction of this autographed sunglass will generate further awareness for the cause, and we are proud to contribute all proceeds to the foundation,' Baden concluded.Along with Armstrong's autograph on the lens and packaging box, this rare collector's item comes with an autographed set of black lenses and also has 'TdF 2009' printed on the inner surface of the frame to commemorate this year's Tour de France and Armstrong's bid for an unprecedented eighth victory. Also included with the sunglass are two accessory sets of lenses in black iridium and yellow tints. The online auction for both items will be open globally and is currently scheduled for the last 10 days of the Tour. Bidding will commence at 12pm PST on July 16th. The auction will close July 26th at 12pm PST.Oakley's new JAWBONE eyewear takes advantage of SwitchLock Technology that allows for quick and easy lens changing, helping athletes adapt to the environment. The pivoting system includes a release mechanism that lets the wearer remove and replace the nosepiece with a different size to customize the fit. JAWBONE comes with patented XYZ Optics, Unobtainium components that increase grip with sweat, and Oakley Hydrophobic/Oleophobic technology -- a permanent lens coating that repels dust, water, skin oils and lotions. The pure Plutonite lenses filter out 100% of all UV, and even with a comfortably lightweight design, JAWBONE offers impact protection that meets ANSI Z87.1 standards.Lance Armstrong was diagnosed with testicular cancer in 1996. By the time the cancer was detected, it had already spread to his lungs and brain. Ignoring the slim odds of survival given by doctors, he rebuilt his body after surgery and grueling chemotherapy then went on to win the Tour de France seven years in a row. Located in Austin, Texas, the Lance Armstrong Foundation empowers and inspires those who are living with cancer. The foundation is resolved in its belief that in the battle with cancer, unity is strength, knowledge is power and attitude is everything.Visit www.LIVESTRONG.org for more information on the Lance Armstrong Foundation. Go to Oakley.com to learn about Oakley's LIVESTRONG special-edition products.LIVESTRONG is a registered trademark of the Lance Armstrong Foundation About Oakley, Inc.Established in 1975 and headquartered in Southern California, Oakley is one of the leading sports brands in the world. The holder of over 600 patents, Oakley is continually seeking problems, solving them with inventions and wrapping those inventions in art. This philosophy has made Oakley one of the most iconic and inimitable brands on the market, with innovations that are depended upon by world-class athletes around the globe in order to compete at the highest level possible. Oakley is famed for its insuperable lens technologies such as High Definition Optics ) which is incorporated into all Oakley sun and prescription eyewear, and goggles. Oakley has extended its leadership position as the world's leading sports eyewear brand into their apparel, footwear and accessories collections. Laser focused on the consumer, Oakley has both Men's and Women's product lines which target the Sports Performance, Active and Lifestyle consumers. Oakley is a subsidiary of Luxottica Group . Additional information is available at www.oakley.com.[More...]

Luxottica Group Announces Audio Webcast of 2Q 2009 Results

Tue, 14 Jul 2009 16:10:00 GMT

Luxottica Group S.p.A. , the global leader in the eyewear sector, today announced that its second quarter of 2009 results investor conference call will be available via audio webcast on Tuesday, July 28, 2009, at 12:30 PM US ET . The audio webcast will be available to the financial community and the media from Luxottica Group's corporate website at www.luxottica.com/english/investor_relations/webcast.html. Please note that a slide presentation will be available for download from Luxottica Group's investor relations corporate website at www.luxottica.com/english/investor_relations/presentation.html shortly before the start of the audio webcast. Luxottica Group will report second quarter of 2009 results on July 28, 2009, prior to the beginning of the investor conference call. Certain financial and statistical information included in the webcast, as well as information required by Regulation G, will be available at the time of the webcast in the notes to the relative sales release available from Luxottica Group's website at www.luxottica.com, press releases section.[More...]

Oakley Releases Bob Burnquist Gascan(R) Eyewear

Tue, 07 Jul 2009 11:57:00 GMT

Oakley Releases Bob Burnquist Gascan(R) Eyewear[More...]

Oakley Announces Custom JAWBONE(TM) Eyewear in Tour de France

Tue, 30 Jun 2009 11:57:00 GMT

Oakley Announces Custom JAWBONE(TM) Eyewear in Tour de France[More...]

Luxottica Releases Information According to Article 84 BIS of CONSOB Resolution 11971/99: Announcement of the Completion of Its Reassignment Program of New Options for Employees Domiciled in the U.S.

Mon, 15 Jun 2009 18:11:00 GMT

Luxottica Group S.p.A. , a global leader in the design, manufacturing and distribution of fashion, luxury and sports eyewear, today announced the completion of its reassignment program of new share options, which was approved by its Board of Directors on May 7, 2009, for certain employees domiciled in the United States who were beneficiaries of the Company's stock option grants approved in 2006 and 2007. The reassignment program, which has been structured as a tender offer under U.S. securities law, was completed at 11:59 p.m. EDT on Friday, June 12, 2009. All outstanding eligible options that were properly tendered under the reassignment program by eligible employees have been accepted.[More...]

Luxottica Releases Information According to Article 84-bis of Consob Resolution 11971/99: Incentive Plans for the Company's Employees and the Employees of Its Subsidiaries

Wed, 27 May 2009 20:11:00 GMT

With respect to the reassignment of new options to employee-beneficiaries of the stock option grants approved in 2006 and 2007, authorized by the Board of Directors on May 7, 2009, as required by Article 84-bis of Consob resolution no. 11971/99 , Luxottica Group announced that:[More...]

Oakley Footwear to Appear in New 'Terminator' Film

Wed, 20 May 2009 15:29:00 GMT

Oakley Footwear to Appear in New 'Terminator' Film[More...]

: iStockAnalyst.com Symbols Feed

How To Profit From The Growing Luxury Market In China

The Future's So Bright: Wal-Mart (NYSE:WMT), Luxottica (NYSE:LUX)

Too Good To Be True For Orange 21

Italy’s New Prime Minister Could Bring “La Dolce Vita” to Investors

Analyst Comments: Eli Lilly, Countrywide, Churchill Downs, Dr. Reddy's Laboratories, Sonic Foundry, Smith International, Matsushita Electric, Luxottica Group, Tesoro Corp, Vivo Participações

Luxottica Q3 Net Income Down 21%

Luxottica Group Q2 Net Income Down 13%

BRIEF: Boulder Firms to Present at Venture Capital Event

Top 10 Business Stories of 2008

Meadville Mall on Track to Bright Future

Frenchman Trades Surf-Inspired Glasses for Couture

ASR Saw Lower Turnout, Few Startups

'Streets of Brentwood' Starts Strong

Revo Offers Recycled Eyewear Featuring Eco-Friendly Revo Re-Use(TM) Technology

Luxottica Returns to Growth, With 2Q09 Sales Up By 3.5 Percent

Luxottica Closes The Acquisition of a 40 Percent Participation In Multiopticas Internacional

Oakley to Auction Eyewear Signed by Lance Armstrong

Luxottica Group Announces Audio Webcast of 2Q 2009 Results

Oakley Releases Bob Burnquist Gascan(R) Eyewear

Oakley Announces Custom JAWBONE(TM) Eyewear in Tour de France

Luxottica Releases Information According to Article 84 BIS of CONSOB Resolution 11971/99: Announcement of the Completion of Its Reassignment Program of New Options for Employees Domiciled in the U.S.

Luxottica Releases Information According to Article 84-bis of Consob Resolution 11971/99: Incentive Plans for the Company's Employees and the Employees of Its Subsidiaries

Oakley Footwear to Appear in New 'Terminator' Film