Retailers specializing in off-price merchandise are positioned to win as investors shun fashion risk and look for quality, Oliver Chen tells CNBC.» Read More
U.S. stock index futures pointed to a higher open on Wednesday, following Europe into positive territory shrugging off Tuesday's weak close.
May 27- Michael Kors Holdings Ltd reported its slowest quarterly revenue growth since it went public in December 2011 as demand for its handbags and accessories weakened in North America. Michael Kors' revenue rose 17.8 percent in the fourth quarter, slowing sharply from the growth of 29.9-74.4 percent it posted for the past 13 quarters. Michael Kors has been...
May 27- U.S. stock index futures were higher on Wednesday as the dollar retreated from its largest gain in two years and as worries about Greece receded. *Greece and its European creditors have also played down fears that Athens would default on a payment to the International Monetary Fund next week. *Michael Kors Holdings fell 11 percent to $53.92 after the...
May 27- Handbag maker Michael Kors Holdings Ltd reported the slowest sales growth in at least three and a half years as demand in North America weakened. Michael Kors' revenue rose 17.8 percent to $1.08 billion in the fourth quarter ended March 28. Net income rose to $182.6 million, or 90 cents per share, from $161 million, or 78 cents per share, a year earlier.
Costco, Tiffany and Michael Kors all report earnings on Wednesday, and "Fast Money" traders discussed how to play their stocks.
The acquisition of Ann Taylor parent Ann Inc. could spur activity among other apparel retailers, Jefferies analyst Randal Konik said.
A dominant fashion trend and more style-oriented men should drive sales at these women's retailers, Jefferies analyst Randal Konik said.
With Coach's comparable-store sales falling, battered Michael Kors makes a better buy, a retail analyst said.
Coach shares fell following third-quarter results that showed its comparable-store sales and earnings decelerated.
*Q3 North America sales down 24 pct at $493 mln. April 28- Coach Inc reported its worst decline in sales in seven quarters in North America, raising concerns that the handbag and accessories maker's turnaround efforts were failing to gain traction in a highly competitive market. The maker of Poppy handbags has been losing out to newer entrants such as Michael Kors...
April 28- Coach Inc's sales in North America fell for the seventh straight quarter due to weak demand for its handbag and accessories, raising concerns that the company's turnaround efforts were failing to gain traction. Same-store sales in North America, the company's biggest market, fell 23 percent. Coach has been losing out to newer entrants such as Michael...
April 28- Handbag and accessories maker Coach Inc's quarterly sales fell short of estimates due to continued weak demand for its products in North America, its biggest market. Sales in North America fell 24 percent to $493 million in the third quarter ended March 28, marking the seventh straight quarter of decline. Coach, which was founded in a Manhattan loft in...
Cowen & Co. broke down which retailers pay the most rent per square foot, as well as which rake in the most sales per square foot.
Some of the names on the move ahead of the open.
Online consignment and thrift store thredUP has compiled a list of brands that earn consumers the most cash when they're resold.
WTI crude rallied to break even for 2015 Tuesday, the culmination of a forceful 27 percent rally from a six-year low touched less than a month ago.
Brian Sullivan and Dom Chu will list the top 40 cheapest stock picks from Goldman Sachs.
Amid grim projections for first quarter GDP growth, "Fast Money" traders discussed how to play consumer-driven companies.
Coach and Vera Bradley's sales dipped when fewer New York City shoppers searched for the brands. Will the same happen for this label?
"Halftime Report" trader Joe Terranova added a luxury retail stock trading at a bargain basement P/E.