The season will be "decent" but new Apple products will take business away from traditional mall retailers, one analyst said.» Read More
NEW YORK— Nike's Converse brand is suing 31 companies, saying they are selling knockoff versions of its Chuck Taylor shoes. Converse is suing Skechers USA, Wal-Mart Stores Inc., FILA, Ed Hardy, K-Mart Corp. and Ralph Lauren Corp., among many others. Nike Inc. acquired Converse in 2003. Sales of the brand rose 16 percent in the most recent quarter ended in August, to...
*Coty agrees to buy Bourjois from Chanel. *To pay for Bourjois with 15 Class A Coty shares. PARIS, Oct 7- US cosmetics group Coty said on Tuesday it had made a binding offer to buy French make-up brand Bourjois from Chanel and give the family-owned French luxury company a stake in Coty worth an estimated $240 million.
Farah left Ralph Lauren in May as executive vice chairman after serving as president and chief operating officer for nearly 14 years. Ralph Lauren's annual revenue more than tripled to $7.45 billion in 2014 from $1.95 billion in 2000 during Farah's tenure.
Red, often a risky choice as it can disappear into the color of the carpet, was the favored tone for stars such as "Veep" nominee Julia Louis-Dreyfus in a column halter Carolina Herrera and "Homeland" star Claire Danes in a vermillion embellished Givenchy dress.
Some of Wednesday's midday movers:
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
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.
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.
LONDON, June 22- Cristina Stenbeck sounds more like a Silicon Valley entrepreneur than the head of one of Sweden's most venerable family-controlled investment groups, Kinnevik. Stenbeck is one of the most powerful business names in Sweden, heard in the same breath as the Wallenberg family or the Perssons behind fashion giant Hennes& Mauritz.
Cristina Stenbeck sounds more like a Silicon Valley entrepreneur than the head of one of Sweden's most venerable family-controlled investment groups
NEW YORK, June 6- Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.
Michael Kors had a rare stumble Wednesday, when its shares were at risk of falling for the first time on a day it reported earnings.
U.S. stocks rose on Friday, with consumer discretionary leading late session gains.
Some of Friday's midday movers:
*Apple reportedly close to deal for Beats Electronics. Apple Inc was the biggest drag on both the benchmark S&P index and the Nasdaq 100 on news it is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares lost 1.2 percent to $581.
A weak sales outlook overshadowed strong fourth-quarter and annual earnings at Ralph Lauren, sending shares almost 6 percent lower.
May 9- Ralph Lauren Corp warned on Friday that its efforts to open more stores would erode operating profit margin at the luxury fashion house in the fiscal year through March 2015, and that sales growth would also be slower.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares slipped 0.7 percent to $583.91 while Internet radio provider Pandora Media Inc lost 2.5 percent to $64.52.
U.S. stock index futures pointed to a lower open on Wall Street on Friday, ahead of first quarter results from Liberty Interactive and Ralph Lauren.