The "Fast Money" traders share their final trades of the day.» Read More
The world's biggest eyewear maker last week announced that veteran Procter& Gamble manager Adil Mehboob-Khan would be chief executive together with longtime Luxottica manager Massimo Vian. The departures undermined Luxottica's reputation as one of the rare family-owned European companies that had successfully handed management to independent...
*Q1 China sales up 10 pct, slowest growth in 2 years. Oct 28- Coach Inc, known for its Poppy handbags, reported its slowest quarterly sales growth in China in two years, dealing a blow to the company that was relying on the country to help make up for market share losses to Michael Kors and Kate Spade in North America. Coach has been trying to boost sales in Asia and Europe as...
Coach, founded in 1941 in a loft in Manhattan, has been ramping up efforts to boost sales in Asia and Europe as it loses ground in its biggest market, North America. The company has been struggling to match the phenomenal growth of rivals Michael Kors Holdings Ltd. and Kate Spade& Co in the past few quarters in North America due to the rising popularity of their trendy...
Oscar de la Renta approached fashion and life on those terms, but there was more, so much more, those who loved and admired the designer say. I put it on and he said,' And now to the most important accessory,' and he handed me his arm and he said,' The man.' And so I put my arm in his arm and I got to walk through his showroom with Oscar de la Renta. A handwritten statement signed by his...
Nomura analyst Simeon Siegel identified three brands the firm thinks provide the best opportunity in retail for the remainder of the year.
Although many people draw parallels between Kate Spade and Michael Kors, one analyst said the two brands are not an accurate comparison.
It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.
Take a look at some of Wednesday's midday movers:
LONDON, Oct 14- British luxury handbag maker Mulberry cut its profit forecast for the third time this year, saying a drop in tourist shoppers had compounded the disruption to its business from a shift back to selling lower-priced bags. Luxury brands are struggling with cooling demand from emerging markets such as China and Russia, as well as a drop in tourists...
Analysts at Barclays slashed their full-year pretax profit forecast by 60 percent to 4 million pounds. "Moving the brand to higher pricing points had clearly taken its toll on sales with the group responding by reverting back to its roots," the Barclays analysts said in a note, adding they expected new bag launches to help the firm's second-half trade.
Kate Spade's shoppable scaffolding allows consumers to interact with and purchase items from the brand before the store even opens.
Luxury can get ugly. High-end designers are shaking up the beauty market with make-up products set to be the next big battleground.
For quite some time these two stocks seemed like they couldn’t lose. But then times changed.
As New York Fashion Week has grown to include mainstream brands, the twice-a-year spectacle now encompasses both the high end and everyday.
The "Fast Money" traders share their final trades of the day.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks rose on Friday afternoon, rebounding from losses earlier in the session, as investors took a weak payrolls report to mean there was little risk the Federal Reserve would speed up its plans to raise interest rates.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks were little changed Friday as a weak payrolls report encouraged investors that the Federal Reserve wouldn't accelerate plans to hike interest rates, though the S&P 500 remained on track for its first weekly decline in five.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks were little changed on Friday, and the benchmark S&P 500 was on pace for its first weekly drop in five, following a weak payrolls report that reassured investors the Federal Reserve wouldn't speed up plans to hike interest rates.
*Payrolls data weaker than expected. NEW YORK, Sept 5- U.S. stocks were poised to dip slightly at the open on Friday following a weaker-than-expected payrolls report which allayed investor concerns of an imminent interest rate hike by the Federal Reserve.