Textiles Apparel and Luxury Goods Apparel Accessories and Luxury Goods

  • Prada Results

    The market liked that the Prada management's guidance showed improvements ahead, says GEO Securities' Francis Lun.

  • Luxury Index

    Reebonz Co-founder Daniel Lim shares findings from a commissioned report showing that pre-owned luxury consumption is on the rise in Asia.

  • Shares of the company, which posted its first fall in quarterly total sales in more than six years, plunged 17.6 percent in early trading to $78.71, their biggest single-day percentage decline since November 2007. Stores in areas closely tied to the energy industry, such as Texas, Louisiana, Oklahoma and Alberta "dramatically underperformed," Chief Executive...

  • Shares of the company, which posted its first fall in total sales in more than six years, plunged 17.6 percent in early trading to $78.71, their biggest single-day percentage decline since November 2007. Stores in areas closely tied to the energy industry, such as Texas, "dramatically underperformed," Chief Executive Mark Light said on a conference call with...

  • Signet cut its current-year adjusted profit forecast to $7.25 to $7.55 per share, from $8.25 to $8.55 per share, citing challenging market conditions in energy-dependent regions. Net income rose to $81.9 million, or $1.06 per share, from $62.2 million, or 78 cents per share, a year earlier. Jonathan Sokoloff, managing partner of Leonard Green& Partners, will join...

  • The company's shares tumbled 12 percent to $84 in premarket trading on Thursday. Net income rose to $81.9 million, or $1.06 per share, from $62.2 million, or 78 cents per share, a year earlier. Separately, the company said affiliates of private equity firm Leonard Green& Partners, L.P. will invest $625 million in the company in form of convertible preferred shares.

  • The company's shares rose 4.5 percent to $72 in premarket trading on Thursday. Tiffany's net income rose to $105.7 million, or 84 cents per share, in the quarter ended July 31 from $104.9 million, or 81 cents per share, a year earlier. Analysts on average had expected profit to drop to $89.8 million, or 72 cents per share, according to Thomson Reuters I/B/E/S.

  • "The global environment continues to reflect well known challenges that we believe have had broad effects on spending by local customers, as well as foreign tourists, especially from China," Chief Executive Frederic Cumenal said in a statement. The company said sales were lower in continental Europe due to weak demand by foreign tourists and local customers, in...

  • Aug 25- Tiffany& Co's second-quarter comparable sales declined more than analysts expected due to lower tourist traffic and a strong dollar that eroded revenue from markets outside the United States. Tiffany's net sales fell 5.9 percent to $931.6 million. However, net income slightly rose to $105.7 million, or 84 cents per share, from $104.9 million, or 81 cents...

  • A general view outside of a Michael Kors location

    Michael Kors stock dipped more than 2 percent after beating earnings and revenue estimates, but missed on comparable store sales.

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. From next year, Kors will stop participating in store-coupon promotions by North American retailers, Chief Executive John Idol said.

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. Sales in Kors' wholesale business, which supplies to department store operators including Macy's Inc and Neiman Marcus, declined 7...

  • *Forecasts 2nd- qtr revenue below estimates. Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visit malls and a strong dollar discourages tourists from spending on its handbags and accessories. Kors' revenue in the Americas slid 5 percent in the first quarter.

  • Coach to exit 250 department stores

    The luxury goods maker has a plan to restore its upscale aura by scaling back its inventory in highly promotional shops.

  • Victor Luis, chief executive officer of Coach Inc

    Coach's CEO Victor Luis said that the company is trying to differentiate itself from the competition with its comeback.

  • LONDON, Aug 9- Germany's top share index hit a new high for 2016 on Tuesday as European shares advanced for a fifth straight session, boosted by new highs on Wall Street and strong results from companies like Munich Re. Germany's DAX closed up 2.5 percent, having hit 10,701.33, its highest level since the last trading day of 2015.. It is just 0.4 percent away from...

  • Stocks to Watch: August 9, 2016

    Coach, Delta and Buffalo Wild Wings are making headlines this Tuesday morning before the opening bell.

  • "Sales have a solid growth of 25 percent in local currencies, but it is weaker than expected and the disappointment is broadly based on all three regions," Sydbank analyst Soren Lontoft said, referring to the Americas, EMEA and Asia/Pacific. He said there were economic challenges in Brazil, which put a damper on the sales growth, and a decrease in number of visitors in...

  • LONDON, Aug 9- European shares advanced for a fifth straight session on Tuesday as companies like Altice continued to report quarterly results that exceeded forecasts. However, SFR also rose 10.5 percent, after the company said a price war in France's mobile market showed signs of easing. The broader STOXX Europe 600 index was up 0.2 percent by 0851 GMT.

  • Classic cars are purchases of passion: Bonhams

    Is the classic car industry decelerating in popularity and pace? And how are collectors’ tastes changing? Bonhams’ U.K. head of cars, Tim Schofield weighs in.