Tuesday, 22 May 2012 | Source: The Associated Press
Ralph Lauren Corp. said Tuesday that its fiscal fourth-quarter profit climbed 29 percent, benefiting from strong sales and a lower tax rate. The clothing and home products company also doubled its quarterly dividend to 40 cents per share.
NEW YORK (Reuters) - The price for staking ground on Manhattan's Fifth Avenue jumped 22 percent in the past year, spurred by a record number of tourists spending their dollars at top U.S. and international retailers on America's most coveted shopping ground.
Disappointing results at accessory retailer Fossil sparked a selloff of the company’s stock that rippled throughout the retail sector, including the seemingly Teflon high-end retail sector... Read More
April’s weak same-store sales may be due to several seasonal factors, but analysts warn the reports could be a wake-up call for investors to be more selective on the heels of the sector's recent rally... Read More