Nomura analyst Simeon Siegel identified three brands the firm thinks provide the best opportunity in retail for the remainder of the year.» Read More
DXL is shuttering its Casual Male nameplate and targeting a customer who's taller, younger and spending more money.
Of the 500 stocks in the benchmark large-cap S&P index, around 176 of them have fallen by at least 10 percent from their recent highs.
Coach reported better-than-expected revenue, helped by a 7 percent rise in sales of its clothes, shoes, and handbags in international markets.
U.S. stock-index futures pointed to a weak open on Tuesday, with the ISM report likely to be the main feature of the session.
Coach, founded in 1941 in a Manhattan loft, has been struggling against fast-growing rivals such as Michael Kors Holdings Ltd in North America, its biggest market. The company said in June it would spend more on marketing and hold sales twice a year to win back customers and that it would close about 70 stores in North America.
Michael Kors is dead money until there's more clarity on where the margin floor will be, BMO Analyst John Morris says.
The "Fast Money" traders share their final trades of the day.
U.S. stocks rose on Monday, with the S&P 500 rebounding from its biggest weekly drop since 2012.
Some of Monday's midday movers:
*Berkshire Hathaway shares up after results. NEW YORK, Aug 4- U.S. stocks were little changed in volatile trading Monday as earnings, including those of Warren Buffett's Berkshire Hathaway, were partly offset by drops in high-yielding dividend stocks in the utilities sector.
*Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.
Aug 4- Michael Kors Holdings Ltd, known for its trendy handbags and watches, said it expects margins to shrink for the year as it invests more to open stores in Europe and increases the number of shops it has in department stores. Michael Kors' shares fell more than 7 percent in early trading.
Over the next 25 years, as technology increasingly revolutionizes retail online and in stores, leaders will have to adjust their skills.
*Berkshire Hathaway shares up after results. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
LONDON- Europe's largest bank HSBC warns that regulators' zeal to punish wrongdoing is putting its staff off taking reasonable business risks, as it reports a 12 percent drop in first-half profit. Portugal in $6.6 bln rescue of Banco Espirito Santo.
U.S. stock index futures take their lead from Europe and show signs of recovery following last week's global stock market rout.
Michael Kors raised its full-year revenue and profit outlook after the retailer beat earnings and revenue estimates.
*Michael Kors shares rise as revenue soars. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
Aug 4- Michael Kors Holdings Ltd reported another quarter of blistering sales growth as demand for its handbags and watches surged in North America. Shares of the company, founded by fashion designer Michael Kors, were up 3.4 percent premarket on Monday after the company also raised its full-year revenue and profit outlook.
Some of the names on the move ahead of the open.