Haute Concept

The economy remains in the ditch as consumer confidence falls:

“Looking ahead, consumers’ outlook for the economy, the job market and their income prospects remains quite pessimistic and little changed from last month. Or, in other words, the glass remains half empty,” said Lynn Franco, director of the Conference Board Consumer Research Center to DNR.

Sports apparell maker Under Armour had profits fall in the first quarter:

“Shares of Under Armour Inc. fell 10.26 percent in trading Tuesday after the company reported a 71.1 percent plunge in first-quarter earnings, although it did manage to beat Wall Street’s expectations.”

But people are still buying designer denim jeans as True Religion profits, “more than doubled, with strong momentum in both the wholesale and retail businesses”.

Consumer Confidence Drops in April

Under Armour Profits Fall in Q1

True Religion Profits Jump in 4th Qtr.