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Coach Inc

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  • 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
    Coach handbags

    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
    Money in cash register

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

  • Dow futures off nearly 300 points after data miss Tuesday, 27 Jan 2015 | 9:05 AM ET
    A line of snow plows prepares to battle the blizzard on Lexington Ave in New York City on Jan. 26, 2015.

    U.S. stock index futures signaled a sharply lower open as major U.S. corporates missed fourth quarter earnings expectations.

  • The storm has led to the postponement of at least two conferences and quarterly results of several companies, including EMC Corp. The New York Stock Exchange, Intercontinental Exchange Inc, Nasdaq OMX Group Inc and BATS Global Markets were open on Monday and expect to be open on Tuesday. JPMorgan Chase& Co Closed New York. New York and as Ocean City, New Jersey and...

  • Box prices IPO at $14 per share, above expectations Thursday, 22 Jan 2015 | 7:04 PM ET
    Box CEO Aaron Levie

    There's a lot of money at stake in the corporate cloud industry.

  • As Box prepares IPO, rivals want its business Thursday, 22 Jan 2015 | 11:33 AM ET
    Box CEO Aaron Levie

    As Box's CEO Aaron Levie prepares to take his company public, he knows there are many rivals, public and private, gunning for his business.

  • Early Movers: Goldman Sachs, Intel, Netflix & more Friday, 16 Jan 2015 | 8:54 AM ET

    Companies making headlines before the bell Friday:

  • Coach deal does little to solve brand's woes Tuesday, 6 Jan 2015 | 12:54 PM ET

    Still, analysts acknowledged that Stuart Weitzman is a strong brand that could contribute to Coach's overall sales.

  • Early Movers: AOL, COH, CSX, FDX, ORCL & more Tuesday, 6 Jan 2015 | 8:48 AM ET
    Wall Street New York Stock Exchange NYSE American Flags

    Companies making headlines ahead of the bell Tuesday:

  • Coach confirms deal to acquire Stuart Weitzman Tuesday, 6 Jan 2015 | 7:21 AM ET

    Coach agreed to buy privately held women's luxury shoe company Stuart Weitzman in a deal valued at up to $574 million.