Dana Telsey, CEO & Chief Research Officer at Telsey Advisory Group, says Tuesday's better-than-expected earnings doesn't mean that Coach has emerged from its transition period.» Read More
Discussing Coach's earnings expectations and the overall health of the retailer, with Ike Boruchow, Sterne Agee senior research analyst.
Are Target's troubles merely anomalies, or symptomatic of the economy's problems, despite strong earnings reports?
Coach reported better-than-expected Q4 revenues helped by a rise in international sales. CNBC's Jim Cramer says retail is really hard right now and he'd rather not own retailers at this point.
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.
Some of the names on the move ahead of the open.
Aug 5- Coach Inc reported better-than-expected quarterly revenue helped by a 7 percent rise in sales of its clothes, shoes and handbags in international markets such as China. Coach's net income fell to $75.3 million, or 27 cents per share in the fourth quarter ended June 28, from $221.3 million, or 78 cents per share, a year earlier.
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.
Michael Kors raised its full-year revenue and profit outlook after the retailer beat earnings and revenue estimates.
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.
Had you bought the worst S&P 500 stock each month this year and sold at the end of the month, you would have lost 85%, USA Today reports.
Analysts are concerned the label has reached its saturation point in North America on high inventories.
Top designer Christophe Lemaire is leaving Hermes in the fall to focus on developing his eponymous fashion label, the French luxury group said.
Jim Cramer worries that declines in these stocks could lead you to a very wrong conclusion.
Retail stocks have been underperformers in 2014. Now it's time to invest in companies targeting growth niches that are set to rebound.
Check out which companies are making headlines before the bell.
Xunlei Limited, one of China's largest internet companies, priced its IPO last night—one day early (it was expected to price tonight).
South Korean housewife Kwak Ji-yoon used to be a loyal customer of Louis Vuitton, but these days she prefers Alexander Wang handbags.
Coach is taking a beating from Wall Street after issuing disappointing guidance. Eric Beder, Brean Capital, and David Seaburg, Cowen & Company, discuss if this is a buying opportunity. Seaburg says Coach has lost its customer base and has no sales momentum.
FMHR trader Jon Najarian and Josh Brown, discuss the bull and bear case for Coach. Brown says this stock is a "total disaster."