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Fashion Inc.

by Sean Santiago
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Morning Hemlines: Malls, Tiffanys, Burberry, McQueen, Guess? and Prices   Morning Hemlines: VF Corp., Off 5th, Halston, CFDA, Richemont and Diamonds

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Jul 15 2008 12:00am EDT

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

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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