As more brands flock to the off-price model, one analyst cautions that outlets could be losing a bit of their luster.» Read More
The pattern is now very clear: companies that have significant exposure to the U.S. consumer market are having problems. Whether it is Coach (lowered guidance), IHOP (drop in guest traffic), Brinker (ditto), or Whirlpool (lower overall sales). These companies are 1) seeing slower business in the U.S. market and 2) get a significant part of their sales in the U.S.
Coach Chairman and Chief Executive Lew Frankfort is upbeat about the health of his company, despite an outlook that came in below analysts' estimates.
Stocks ended broadly higher amid continued strength in the tech sector, which gained following Research in Motion's deal to distribute BlackBerry smartphones in China, along with strong earnings reported by Apple.
Companies ranging from pancake house chain IHOP to high-priced handbag seller Coach reported signs of the continuing U.S. consumer pullback, sending retail and some restaurant stocks lower.
High-end accessory maker Coach reported higher quarterly profit Tuesday, but its shares fell more than 8 percent as its outlook for the current period came in below analysts' estimates.
As suspected the market cares more about Apple's earnings than anything else this morning. However, a number of other important companies came through, with a couple exceptions. At American Express, investor concerns about a slowdown in card spending and an increase in charge offs did not materialize.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Wall Street bonuses are expected to drop as much as 40% this year. Will sales at luxury stores including Coach (COH) and Tiffany (TIF) take a hit?
Picture this: panicked banker/trader walks out of the New York Stock Exchange and realizes (gasp!) "Oh ****, it is Valentine's Day/our anniversary/her birthday?!" Where does he head? He follows the big orange sign across the Street to Hermes or down the Street to the Tiffany's that is about to open on the 10th. Who else is there?
Holiday sales could be as weak as they were during the recession of 2002, according to a CNBC snap survey. It’s too early to shop, but it isn’t too early to trade the Christmas season. Who will be the Christmas winners amid such dismal forecasts?
The boss of the handbag giant comes to Cramer to discuss a new business strategy, why he isn’t worried about his stock price and more. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Dow might be recovering currently, but overall this bull market of ours is still in question. Three pieces of this bull however broke out Thursday and may keep going.
If you were looking for a sign of the times when it comes to the mood of the marketplace, my location today may be a fair indicator. It is the first day of Fashion Week and rather than being under the tents in Bryant Park, I am at the Goldman Sachs investor conference.
Progressive, Perini, Titanium Metals, Coach and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The Polo player was seemingly thrown off his horse Wednesday. Shares of Polo Ralph Lauren (RL) dropped 13% as sales disappointed Wall Street. There's been some discussion on Fast Money over the past few weeks about betting on companies that cater to the rich in the face of credit concerns and higher oil prices. Does Ralph’s poor earnings throw a wrench into that line of thinking?
Polo Ralph Lauren posted a weaker-than-expected quarterly profit Wednesday, hurt by acquisitions-related accounting, and cut its full-year earnings forecast due to a higher tax rate, sending its shares down as much as 13 percent.
With most retailers to report their sales from the previous month Thursday, Christine Chen, vice president of equity research-specialty retail at Needham & Co., foresees low sales numbers for adult/"missy" retailers, despite June being a clearance month.
Hey everyone, I've got an update on my U.S. Supreme Court antitrust decision post. One hedge fund manager I spoke with responded to my question about how the ruling will affect the apparel business. All that follows is a summary of his take: The decision about enforcing minimum pricing will have almost no effect with one possible HUGE exception. Power brands like Polo, Juicy, Coach, Calvin Klein already decide the minimum pricing of their products.
Delaware Investments' Lori Wachs looks to "the Holy Grail of the consumer" and a "magic logo" to pick investments. The top fund manager joined "Morning Call" to share her insights -- and favorite retail stocks -- with viewers.
Two retail analysts, Kimberly Greenberger from Citigroup and Christine Chen from Needham, discussed the outlook for retail stocks on “Power Lunch.”