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Coach Inc

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  • What not to wear: Most out-of-style fashion stocks Thursday, 12 Feb 2015 | 12:25 PM ET
    A model presents a creation from the Tommy Hilfiger Spring/Summer 2015 collection during New York Fashion Week, Sept. 8, 2014.

    Some fashion firms have seen their shares rise by nearly 50 percent in the past year; others have had their stock prices plummet.

  • Feb 5- Michael Kors Holdings Ltd forecast a lower-than-expected profit for the current quarter, disappointing investors used to the luxury accessories retailer's spectacular growth over the past three years. Shares of the company, founded by fashion designer Michael Kors, fell as much as 6 percent on Thursday. Michael Kors has a history of beating estimates...

  • Feb 5- Luxury accessories retailer Michael Kors Holdings Ltd forecast a lower-than-expected profit for the current quarter after North American same-store sales in the holiday shopping period rose at the slowest pace since the company went public in 2011.. Michael Kors increased discounting and offered more promotions in the quarter, in contrast to Coach...

  • Feb 5- Michael Kors Holdings Ltd forecast a lower-than-expected profit for the current quarter as heavy discounting and increased promotions weigh on the luxury accessories retailer's margins. Analysts have expressed concerns about Michael Kors' recent spike in discounting and promotions, in contrast to rivals Coach Inc and Kate Spade& Co..

  • Coach, beware of new competitors: Strategist  Thursday, 29 Jan 2015 | 8:46 PM ET

    Daniel So, Strategist at CMB International Securities, says Coach reminds him of the embattled fashion group Esprit and it needs to fend off competition from rivals like Michael Kors carefully.

  • *Alibaba shares, Qualcomm shares tumble after results. NEW YORK, Jan 29- U.S. stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over U.S. monetary policy. While the afternoon rise in crude was not huge, it was enough to...

  • *Alibaba shares tumble after results, Yahoo follows. The S&P 500 index was up 0.9 percent in the afternoon after a decline of as much as 0.6 percent earlier in the session and oil futures turned positive on a day when strong job market data contrasted with disappointing reports from Alibaba and Qualcomm. The market has been advancing and retreating within a range...

  • US STOCKS-Wall St gains in choppy trading Thursday, 29 Jan 2015 | 2:18 PM ET

    *Alibaba shares tumble after results, Yahoo follows. NEW YORK, Jan 29- U.S. stocks were up in a volatile session on Thursday as oil futures pared their losses and strong job market data helped offset weak earnings reports from companies such as Alibaba and Qualcomm. Shares in Chinese internet giant Alibaba Group dropped 9 percent to $89.46 after revenue missed...

  • Jan 29- A holiday-season splurge in handbag sales has given Coach Inc and Kate Spade& Co new impetus to cut back on promotions, confident that Americans are more willing to splash out on luxury. Kate Spade announced plans to discontinue its low-margin brand while Coach, its larger competitor, surprised Wall Street by revealing an increase in demand for its...

  • Look! There's a bright spot in Coach's earnings Thursday, 29 Jan 2015 | 12:20 PM ET
    Redesigned Coach store on Rodeo Drive.

    Same-store sales are trending positive at Coach's 20 newly revamped stores, which were designed to channel a "modern" feel.

  • *Alibaba shares tumble after results, Yahoo follows. The decline took shares of Yahoo, which said earlier this week it will spin off its Alibaba stake, down 5.9 percent to $43.72. "Alibaba is growing more slowly than thought, and it's a stock a lot of people want to own," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

  • *Alibaba shares tumble after results, Yahoo follows. The decline took shares of Yahoo, which said recently it will spin off its Alibaba stake, down 8.2 percent to $42.66. "Alibaba is growing more slowly than thought, and it's a stock a lot of people want to own," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

  • Coach 2Q adjusted profit beats analysts' estimates Thursday, 29 Jan 2015 | 10:23 AM ET

    The handbag, accessories and footwear company earned $183.5 million, or 66 cents per share, for the period ended Dec. 27.

  • *Alibaba shares fall after results, Yahoo follows. Alibaba Group shares fell 8.3 percent in premarket trading after it posted revenue that missed Wall Street expectations. The decline took shares of Yahoo, which announced the spinoff of its Alibaba stake Wednesday, down 7.3 percent.

  • Early movers: MCD, F, DOW, BABA, COH & more Thursday, 29 Jan 2015 | 8:21 AM ET
    Trader on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Jan 29- Coach Inc posted a better-than-expected profit for the second quarter as demand for its Poppy handbags improved in North America, its biggest market, from the first quarter and sales rose in China, a key market. Coach has been shifting focus to markets such as Asia and Europe as it loses customers in North America to fast-growing rivals Michael Kors...

  • *Alibaba, Qualcomm shares fall after results. *Alibaba Group shares fell 6 percent in premarket trading after it posted revenue that missed Wall Street expectations. The decline took shares of Yahoo, which announced the spinoff of its Alibaba stake Wednesday, down 4.8 percent.

  • Handbag maker Coach posts better-than-expected profit Thursday, 29 Jan 2015 | 7:23 AM ET

    Jan 29- Coach Inc posted a better-than-expected quarterly profit as demand for its Poppy handbags rose in China, a key market, sending the company's shares up 9 percent in premarket trading. The company said sales in China rose 13 percent on a constant-currency basis in the second quarter ended Dec. 27. Net income fell to $183.5 million, or 66 cents per share, from...

  • The biggest threat to luxury brands' rapid growth Wednesday, 28 Jan 2015 | 2:19 PM ET
    Pedestrians walk past a Coach store in San Francisco.

    After years of fueling the growth of luxury labels, there are signs that the global high-end consumer is starting to cool.

  • Strong dollar’s big winners: Expert Tuesday, 27 Jan 2015 | 4:22 PM ET

    While many U.S. business sectors are being hurt by the rising dollar, there's one that is reaping its benefits.