Consumer Durables and Apparel Textiles Apparel and Luxury Goods

  • Prada Results

    The market liked that the Prada management's guidance showed improvements ahead, says GEO Securities' Francis Lun.

  • The company's shares rose 4.5 percent to $72 in premarket trading on Thursday. Tiffany's net income rose to $105.7 million, or 84 cents per share, in the quarter ended July 31 from $104.9 million, or 81 cents per share, a year earlier. Analysts on average had expected profit to drop to $89.8 million, or 72 cents per share, according to Thomson Reuters I/B/E/S.

  • "The global environment continues to reflect well known challenges that we believe have had broad effects on spending by local customers, as well as foreign tourists, especially from China," Chief Executive Frederic Cumenal said in a statement. The company said sales were lower in continental Europe due to weak demand by foreign tourists and local customers, in...

  • Aug 25- Tiffany& Co's second-quarter comparable sales declined more than analysts expected due to lower tourist traffic and a strong dollar that eroded revenue from markets outside the United States. Tiffany's net sales fell 5.9 percent to $931.6 million. However, net income slightly rose to $105.7 million, or 84 cents per share, from $104.9 million, or 81 cents...

  • Aug 22- Swimwear maker Speedo USA said on Monday it had decided to end its sponsorship of Ryan Lochte, becoming the first company to officially terminate its endorsement of the U.S. swimmer. Speedo USA said it would donate $50,000 of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent company. "The current situation in Brazil...

  • A general view outside of a Michael Kors location

    Michael Kors stock dipped more than 2 percent after beating earnings and revenue estimates, but missed on comparable store sales.

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. From next year, Kors will stop participating in store-coupon promotions by North American retailers, Chief Executive John Idol said.

  • Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visited malls and a strong dollar discouraged tourists from spending on its handbags and accessories. Sales in Kors' wholesale business, which supplies to department store operators including Macy's Inc and Neiman Marcus, declined 7...

  • *Forecasts 2nd- qtr revenue below estimates. Aug 10- Michael Kors Holdings Ltd reported a bigger-than-expected drop in quarterly comparable sales as fewer shoppers visit malls and a strong dollar discourages tourists from spending on its handbags and accessories. Kors' revenue in the Americas slid 5 percent in the first quarter.

  • Victor Luis, chief executive officer of Coach Inc

    Coach's CEO Victor Luis said that the company is trying to differentiate itself from the competition with its comeback.

  • Pedestrians pass by a Lululemon store

    Long-time Lululemon Athletica board member Rhoda Pitcher has resigned, according to a filing with the Securities and Exchange Commission.

  • Lock & Co. Hatters celebrates 340th year of trade

    Sue Simpson, managing director of heritage brand Lock & Co. Hatters, talks about achieving business resilience through economic downturns.

  • Donna Karan

    LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group.

  • PARIS, July 25- French luxury group LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group in a deal valuing the loss-making fashion brand at $650 million. Analysts estimate DKNY's annual sales at $450 million to $500 million, meaning G-III would be paying 1-1.5 times annual revenue, less than the 1.9...

  • Swatch watches are displayed at the launch of the Scuba Libre collection in New York.

    Swatch Group said on Thursday it expected a recovery in the second half of 2016 after net profit plummeted 52 percent in the first half.

  • ZURICH, July 15- Swatch Group, the world's largest watchmaker, warned investors that profit would at least halve in the first six months of the year after sales fell in Hong Kong and Europe, sending its shares sharply lower. Swiss watchmakers are grappling with weak demand as fewer Chinese tourists shop in Hong Kong and Europe where they have been deterred by the...

  • ZURICH, July 15- Swatch Group, the world's largest watchmaker, warned investors that profit would at least halve in the first half of the year after sales fell in Hong Kong and Europe, pushing its shares down almost 12 percent. Swiss watchmakers are grappling with weak demand as fewer Chinese tourists shop in Hong Kong and Europe where they have been deterred by the...

  • LONDON, July 15- European luxury goods firms fell sharply on Friday, with Swatch slumping 13 percent to its lowest in 6-1/ 2 years after the world's biggest watchmaker warned its first-half profit would drop by 50-60 percent. Shares in Swatch touched their lowest level since late 2009 after the company said it expected sales to fall about 12 percent in the first...

  • ZURICH, July 6- Luxury watchmaker Omega will launch its own brand of sunglasses later this year as part of a partnership with Italian eyewear maker Marcolin Group announced on Wednesday, expanding further beyond its core business. In February, Swatch Group announced a five-year partnership with Italian eyewear maker Safilo to launch glasses under its...

  • Hillary Clinton wears $12K Armani jacket for income inequality speech

    The presumptive Democratic presidential nominee addressed inequality in America wearing a pricey jacket.