U.S. oil prices hit a six-month high as data from the International Energy Agency showing tightening supply, while U.S. crude inventories unexpectedly decreased. Apple tumbled 1.8 percent at a 52- week low of $90.83, dragging on all three indexes. Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined...
Ralph Lauren's net income fell to $41 million, or 49 cents per share, in the quarter ended April 2, from $124 million, or $1.41 per share, a year earlier. Excluding items, the company earned 88 cents per share, above the average analyst estimate of 83 cents, according to Thomson Reuters I/B/E/S. Revenue fell 1 percent to $1.87 billion, but came in above analysts' average...
*Helping support the early rebound, oil prices were steady after the International Energy Agency said it expects a significant reduction in supplies later this year. *Wall Street dropped on Wednesday as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector. Monsanto was up 4.9 percent at $94.75 after...
April 13- Apparel retailer Gap Inc said it appointed Sonia Syngal as the president of Gap's Old Navy division, a post which was vacant since the departure of Stefan Larsson. Larsson, who is credited with reviving sales at Old Navy, left the retailer in October to replace American designer Ralph Lauren as CEO of Ralph Lauren Corp.. Jill Stanton, who served as interim...
April 13- Apparel retailer Gap Inc said it named Sonia Syngal as the president of Gap's Old Navy division, a post which was vacant since the departure of Stefan Larsson. Larsson, who is credited with reviving sales at Old Navy, left the retailer on Oct. 2 to replace American designer Ralph Lauren as CEO of Ralph Lauren Corp.. Syngal served as executive vice president...
Pete Najarian, OptionMonster.com co-founder, discusses what he says is unusual activity in Ralph Lauren following the Macy's slide.
Jan Kniffen, CEO, J. Rogers Kniffen Worldwide Enterprises, discusses what Ralph Lauren's stepping aside means for the company.
Ralph Lauren shares have popped on news that Ralph Lauren is stepping down from running the company. Why the markets are so happy with the new CEO, with CNBC's Courtney Reagan.
Telsey Group CEO Dana Telsey, weighs in on Ralph Lauren hiring Stefan Larsson to lead his company.
Designer Ralph Lauren, who built a fashion powerhouse on luxury designs inspired by country club chic, announced Tuesday he is stepping down as CEO.
CNBC's Courtney Reagan reports fashion icon Ralph Lauren is handing the reigns to a new leader - the Gap's Stefan Larsson.
Dana Telsey, CEO & chief research officer at Telsey Advisory Group, discusses news that designer Ralph Lauren is stepping down as chief executive officer from the company that bears his name.
Old Navy Global President Stefan Larsson will take over as CEO of Ralph Lauren, reports CNBC's Courtney Reagan.
Insight to shopping trends into the back-to-school and fall season, with Oliver Chen, Cowen and Company.
Discussing the pressure on retail stocks, and where to put your money, with Oliver Chen, Cowen and Company. He likes TJX Companies & Costco.
The results did not meet Wall Street expectations, and its shares dropped in premarket trade.
The sale of 10 percent of Ferrari may be the ultimate auction for fans of the supercar. A look at the billionaires who might be ready to grab a piece of the action.
CNBC's Simon Hobbs, Morgan Brennan and Dominic Chu look at today's "Power Lunch" stories, including water shut-offs in Detroit, and Ralph Lauren's new smart shirts.
Insight to luxury brand Ralph Lauren's new high-tech shirt, with David Lauren, Ralph Lauren executive vice president of global advertising and marketing.
Liz Dunn, Macquarie Capital senior retail analyst, breaks down the earnings of Ralph Lauren and compares them to competitive retailers Michael Kors and Macy's.