The company reported a net loss of $204 million, or $2.48 per share, in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay. Ralph Lauren posted a net income of $41.3 million, or 49 cents per share, a year earlier. Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts'...
Ralph Lauren reported a net loss of $204 million, or $2.48 per share in the fourth quarter ended April 1, reflecting a more than $300 million charge related to restructuring and severance pay. The company posted a net income of $41.3 million, or 49 cents per share, a year earlier. Excluding items, Ralph Lauren reported a profit of 89 cents per share, beating analysts'...
BERLIN, May 18- Foreign investment in Germany stayed at the same level year-on-year in 2016, Germany's trade and investment agency said on Thursday, despite the economy growing at its fastest rate for five years. The agency said foreign investment created at least 29,000 new jobs in Germany and the number of foreign investors rose 2 percent, with 1,944 new...
The company forecast second-quarter adjusted profit in the range of 15 to 17 cents per share, far below analysts' average estimate of 23 cents per share, according to Thomson Reuters I/B/E/S. Apparel retailers such as Aeropostale Inc, Wet Seal and BCBG Max Azria Group LLC have filed for bankruptcy over the last two years and industry experts say many more may...
Abercrombie & Fitch is working with an investment bank to field takeover interest from other retailers, sources said on Tuesday.
*Q1 op profit SEK 1.54 bln vs forecast 1.33 bln. STOCKHOLM, April 28- Home appliance maker Electrolux reported a bigger than expected rise in first-quarter earnings on Friday and said it would step up cost-trimming efforts in the face of mounting raw materials prices. The rival of U.S. Whirlpool Corp stuck by its forecast for market demand to grow 2-3 percent in...
SHANGHAI, April 26- China stocks extended gains for a second day on Wednesday, as renewed optimism about the U.S. economy and easing concerns about regulatory tightening on the mainland lifted sentiment in global equity markets. "China's deleveraging can only go gradually," Chi Lo, economist at BNP Paribas Investment Partners wrote in a report on Wednesday.
Raymond James is bullish on homebuilder stocks due to strong sales data points and trends.
Jefferies says Under Armour's social media mentions bottomed in Nov. 2016 at down 18 percent and are now showing positive growth this year.
FBR also sees increasing athletic apparel discounting at Dick's Sporting Goods, Kohl's and Macy's.
Goldman Sachs says 53 percent of tire dealers are seeing more "discounting than usual," according to a firm survey.
Jefferies says 25 percent more consumers are wearing athletic apparel four to five times a week versus three years ago.
Nike reported lower-than-expected revenue as it battles for market share in North America with a resurgent Adidas and a fast-growing Under Armour.
Victoria's Secret Angel Adriana Lima talks about the more than 18 years she's spent working with lingerie brand Victoria's Secret.
Ari Bloom of Avametric talks about how "3D content creation" technology allows customers to virtually sample clothes without setting foot in a dressing room.
Fashion designer Grace Chen talks about designing for a broader audience and her design aesthetic.
Victoria's Secret has opened its first lingerie store in Shanghai after years of selling branded accessories in China, the SCMP reports.
Susquehanna says Step Curry's negative response to CEO's Trump remarks will hurt UA's ability to build a 'cool' brand.
Under Armour shares are down 27 percent this year.
Michael Kors, like other retailers, face risks from merchandise, millennials, and malls, says Tom Gentile, editor of Power Profit Trades.