Morning Hemlines: L'Oreal, eBay, Macy's, Blass and H&M

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Fashion Inc.

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Morning Hemlines: Malls, Tiffanys, B... Morning Hemlines: VF Corp., Off 5th,...

Jul 15 2008 10:19AM EDT

As a recent Portfolio.com story predicted, beauty stocks are on the slide as high profile companies like L'Oreal lower growth estimates. "Though not immune to a slowdown, it remains more robust than other sectors," says one industry analyst. (Cosmetic News)

EBay prevails in the lawsuit brought against it by Tiffany & Co. as a federal judge declares that Tiffany is responsible for monitoring use of its trademark. The decision contradicts recent rulings in Europe. (WSJ)

Macy's quickly rebounds from stock decline on strength of upgraded rating from J.P. Morgan. (WWD)

NexCen Brands buys Bill Blass Couture for $425 in net liabilities, hoping that will facilitate its sale of the larger Blass brand. (DNR)

H&M's June sales defied analyst estimates, boosted by summer demand for cheap polo shirts and linen shorts. (Bloomberg)

by Sean Santiago

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