Hong Kong's Causeway Bay may lose its crown as a slowdown in mainland tourists hits store sales, paving the way for its first drop in a decade.» Read More
*Hong Kong rents facing first fall in a decade- CBRE. Hong Kong shop store rents stood at around HK $4,331 per square foot in the first quarter- about 25 percent higher than those in New York and almost triple similar rents in Paris, the world's second and third most expensive cities for retailers respectively, according to property services firm CBRE.
July 21- Upscale jeweler Tiffany& Co said Michael Kowalski, its chief executive of 15 years, would retire next year and President Frederic Cumenal would succeed him. Cumenal joined Tiffany in 2011 after a 15- year stint at Louis Vuitton brand owner LVMH Group, where he was most recently the president and CEO of French champagne maker Moet& Chandon SA.
NEW YORK— Tiffany& Co. CEO Michael J. Kowalski will retire from the luxury jeweler next year. The 62- year-old Kowalski has served as CEO of the New York company since 1999 and became chairman in 2003.. Shares of Tiffany fell 18 cents to $99.50 in morning trading.
July 21- Tiffany& Co said its Chief Executive Michael Kowalski would retire and Frederic Cumenal, currently the jewelry maker's president, would succeed him. Kowalski, 62, has been with Tiffany for over three decades. Tiffany, known for its blue boxes and its Fifth Avenue flagship store in Manhattan, said Cumenal would assume the role of CEO from April 1 next year.
LVMH and eBay have settled a six-year legal battle in which the online auction site was accused of allowing users to sell knock-off goods.
Jim Cramer worries that declines in these stocks could lead you to a very wrong conclusion.
Some of the names on the move ahead of the open.
While many scoff at Uber's $18 billion valuation, the revenues of the taxi business and high profit margins suggest it may be worth more.
For the second year in a row, selling in May hasn't panned out the way people thought it would.
Although stocks climbed modestly on Tuesday, dig down into the market and Cramer says you’ll find fundamentally bullish developments.
The market is schizophrenic. It's time for the Fed to get lost — and let the recovery chug along on its own, says Michael Farr.
NEW YORK, May 21- U.S. stocks rose on Wednesday, rebounding from the previous day's broad selloff, after minutes of the Federal Reserve's last meeting showed central bankers have discussed the eventual tightening of monetary policy but made no decisions on which tools to use. Goldman Sachs was the top gainer on the blue chip index, up 1.9 percent at $159.35.
Stocks rose on Wednesday, as investors cheered the latest release from the Fed.
Former Bloomingdale's CEO Michael Gould said there's an underlying issue in retail: There's not enough risk-taking or newness.
*Fed meeting minutes due out at 2:00 p.m. EDT. NEW YORK, May 21- U.S. stocks rebounded on Wednesday after a broad selloff in the prior session, ahead of the release of minutes from the most recent meeting of the U.S.
May 21- Tiffany& Co raised its full-year profit forecast after the jewelry chain reported better-than-expected quarterly results as new collections drove sales in the United States, its biggest market.
After a batch of new earnings reports, the overall trend remains the same: disappointing.
NEW YORK, May 21- Wall Street was set for a modestly higher open on Wednesday, with the S&P 500 on track to rebound from a broad selloff in the prior session ahead of the release of minutes from the most recent meeting of the U.S.
May 21- Tiffany& Co raised its full-year profit forecast after the company reported stronger-than-expected quarterly results as its increasing focus on lower-priced jewelry attracted customers in the United States, its biggest market. The company raised its earnings forecast for the year ending Jan. 31 to $4.15- $4.25 per share from $4.05- $4.15 per share.
*New York Federal Reserve President William Dudley said on Tuesday inflation should "drift upwards" towards the Fed's 2 percent goal, but a swift climb in inflation was unlikely; Philadelphia Fed President Charles Plosser said the $2.5 trillion in reserves accumulated by banks could be the trigger for more rapid inflation.