Kate Spade intends to remain focused on its core product line, CEO Craig Leavitt says.» Read More
*Hong Kong receipts gain 7 pct vs 3 pct rise for Tokyo shares. *Japan's SBI Holdings to delist in Hong Kong on low volumes. HONG KONG, March 5- Uniqlo owner Fast Retailing Co Ltd climbed 7 percent in its Hong Kong trading debut- a listing aimed at raising its profile in China where it plans to expand aggressively as part of its bid to become the world's top clothing firm.
HONG KONG, March 5- Fast Retailing Co Ltd jumped 4 percent in its Hong Kong trading debut on Wednesday as the operator of Japan's Uniqlo clothing outlets listed in the island city in an effort to boost its profile in mainland China and beyond.
Feb 25- Fifth& Pacific Cos Inc's revenue jumped 22 percent in the holiday quarter as its trendy kate spade handbags proved a hit with shoppers. Shares of Fifth& Pacific, which said earlier that it would change its name to Kate Spade& Co, will trade under the new "KATE" symbol from Wednesday on the New York Stock Exchange.
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.
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.
With 20 percent of the S&P 500 reporting so far, CNBC took a look at what words top executives are using (over and over) to talk about their numbers.
TOKYO/ HONG KONG, Jan 27- Japan's Fast Retailing Co Ltd will list in Hong Kong as the operator of the Uniqlo casual clothing chain seeks to raise its Asian profile en route to becoming the world's top apparel retailer by 2020..
If there’s one thing Wall Street hates its surprises. And it just got a dilly.
Sometimes moves in the market just don’t seem to make sense. Cramer takes a closer look.
On Wall Street, IBM missed revenue expectations for a fourth straight quarter, driving down shares of the world's largest technology services company by nearly 4 percent, making them the biggest drag on the market.
U.S. stocks traded mixed Wednesday as Wall Street appraised results.
*IBM shares fall on weak revenue, pressuring Dow. International Business Machines Corp lost 3.5 percent to $181.88, the biggest drag on both the Dow and S&P 500, after the tech giant missed revenue expectations for a fourth straight quarter amid weakening demand, particularly in growth markets like China.
NEW YORK, Jan 22- U.S. stocks were little changed on Wednesday, as investors played off a mixed bag of company earnings, while the dollar held steady against most major currencies ahead of next week's Federal Reserve meeting, where another cut in stimulus is seen possible.
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.
*Sterling hits highest in year vs euro after UK data. European assets grabbed the spotlight, with sterling hitting a three-week high against the dollar and a one-year high against the euro on hints of an impending UK rate hike. On Wall Street, the S&P 500 and Dow were down, while the tech-heavy Nasdaq rose.
*IBM, Coach fall after earnings. IBM shares lost 3.3 percent to $182.24 and were the biggest drag on both the Dow and S&P 500 indexes. Norfolk Southern Corp jumped 6.4 percent to $94.39 as one of the best performers on the S&P 500. The railroad posted a 24 percent rise in quarterly income that beat Wall Street expectations.
Luxury handbag maker Coach posted missed earnings estimates Wednesday, leading to a harsh critique from CNBC's Jim Cramer.
Coach stock is getting slammed after a 13.6 percent drop in Q4 same store sales. CNBC's Courtney Reagan reports.
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.
*IBM, Coach fall in premarket after earnings. *IBM shares lost 3.9 percent to $181.10 before the opening bell. *Coach Inc tumbled 7.6 percent to $48.55 in premarket trading after it said sales in North America fell further in the final quarter of 2013, as it lost share in the handbag business to fast-growing rivals such as Michael Kors Holdings Ltd and Kate Spade.