Michael Kors is challenging its European foes by opening stores near other high-end labels and using its price positioning, according to a report.» Read More
U.S. bonds edged lower on Tuesday, ahead of the publication of more factory data.
U.S. stocks rose on Tuesday, with equities rebounding after a rout the prior day.
Shares of Michael Kors surged Tuesday after it topped analysts' earnings forecasts, but other retailers will struggle to follow suit.
CNBC.com Senior Writer John Jannarone talks about how the apparel maker has influenced analysts' estimates to consistently beat expectations.
A look at Tuesday's midday movers:
*Yum Brands reaffirms 2014 profit outlook, shares jump. *Michael Kors stock soars after results. NEW YORK, Feb 4- U.S. stocks bounced on Tuesday, underpinned by sturdy corporate results, as the market fought to regain its footing following its largest selloff in months a day earlier.
For the moment, the markets are a bit calmer. Asia was weak overnight, but U.S. stocks opened in positive territory.
U.S. stock index futures pointed to a higher open on Tuesday, with the focus on factory order data for December.
*Michael Kors shares soar after results. *Wall Street kicked off a global equities selloff Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected U.S. data added to concerns over growth in China and the outlook for some emerging economies.
*Michael Kors shares soar after results. *International Paper profit nearly doubles. *Equities in Japan and Seoul fell to multi-month lows overnight and Europe followed suit, weighed further by earnings disappointment.
Much has changed over the past 25 years when it comes to retail. Here is a look at those who have changed the way people shop.
Some of the names on the move ahead of the open.
Feb 4- Michael Kors Holdings Ltd reported a better-than-expected rise in quarter results and raised its sales and profit forecast for the year as the demand for its trendy handbags, watches and accessories showed no sign of slowing.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
Traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained.
LONDON, Jan 29- Shares in Mulberry plunged by over a quarter on Wednesday as the British luxury fashion company warned annual profit would be well below forecasts due to heavy Christmas discounting in the UK and weak demand in South Korea.
Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller store footprints.
Jan 22- Coach Inc's sales in North America fell sharply during the key holiday quarter as the handbag maker continued to lose customers to fast-growing rivals. The New York company, known for its Poppy handbags, on Wednesday reported a 13.6 percent decrease in comparable-store sales in North America.
Luxury handbag maker Coach posted missed earnings estimates Wednesday, leading to a harsh critique from CNBC's Jim Cramer.
Jan 22- Coach Inc's sales in North America during the key holiday quarter fell more than the handbag maker had forecast as new rivals continued to eat away at its market lead and fewer shoppers came into its stores.