Although many people draw parallels between Kate Spade and Michael Kors, one analyst said the two brands are not an accurate comparison.» Read More
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."
Wells Fargo analyst Paul Lejuez said the handbag maker is "attempting something very difficult."
Some of the names on the move ahead of the open.
Coach executives failed to impress Wedbush analyst Corinna Freedman with their turnaround strategy.
The "Fast Money" traders share their final trades of the day.
NEW YORK, June 19- The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors' optimism that the Federal Reserve will keep interest rates low for a long period of time.
NEW YORK, June 19- U.S. stocks lost ground on Thursday after four straight days of gains sent the S&P 500 to another record high, with forecasts from companies including Coach weighing on consumer discretionary shares. Coach Inc's stock dropped 9.2 percent to $35.57 and was the biggest percentage decliner on the S&P 500..
Upscale retailer Coach Inc said it would close about 70 stores in North America as it struggles against fast-growing rivals.
June 19- Upscale retailer Coach Inc said it would close 70 underperforming stores and that it expected revenue to fall in low double digits in percentage terms for the year ending June 2015.
Some of Thursday's midday movers: