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Daily News – July 24, 2009

July 30, 2009

WWD, among others, are reporting that Tod’s revenues are up 3.4% in the first half, thanks to their shoes boosting sales, but leather goods, accessories and apparel saw sales declines. WWD is also reporting that Counterfeiter Chu, a group of three New York men involved in importing hundreds of millions of dollars of knock-off accessories such as purses and wallets, has been sentenced to 97 months in prison. The Brooklyn Daily Eagle has added that one of them was a customs broker.

Dow Jones reports today that The Beige Book, which is a summary on the current economic climate of the United States, shows that while the recession may be ending and economic growth may be starting, retail stocks still dipped yesterday and continue to struggle.


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