Tapestry Inc
In federal trial, Michael Kors says it’s harder to sell handbags in TikTok and Taylor Swift era
NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on the arms of celebrities such as Taylor Swift and Beyoncé. Kors kicked off […]
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5 things to know before the stock market opens Friday
Here are five key things investors need to know to start the trading day: 1. Four-ward The S&P 500 marked its fourth winning day in a row Thursday, gaining 0.75%. The Nasdaq Composite did even better, rising 1%, as investors snapped up tech names, while the Dow Jones Industrial Average added 235.06 points, or 0.58%. The gains came […]
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Three key questions that will shape whether Coach and Michael Kors owners will merge
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images Just a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big questions about how […]
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Stocks making the biggest moves midday: Walmart, Nike, Dell, Tapestry and more
Check out the companies making headlines in midday trading. Walmart — Shares of the discount retailer jumped 7% on strong earnings. Walmart topped Wall Street’s quarterly estimates and lifted its full-year outlook as consumers show ongoing resilience. For the year, the company expects sales to rise between 3.75% and 4.75%, and adjusted earnings to come […]
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Stocks making the biggest moves premarket: Ulta Beauty, Walmart, Cisco Systems and more
Check out the companies making headlines before the bell. Ulta Beauty — Shares of the beauty retailer popped a whopping 13% in premarket trading after a regulatory filing revealed that Warren Buffett’s Berkshire Hathaway took a stake worth $266 million in the second quarter. The bet is relatively minor for Berkshire, whose equity portfolio is […]
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Rich Chinese travelers are flocking to Tokyo to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became […]
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Stocks making the biggest moves midday: Planet Conditioning, AMC, Airbnb, Roblox and additional
Test out the corporations building headlines in midday investing. Earth Exercise — Shares jumped 7.9% after buying and selling reduced premarket Thursday. 1st-quarter earnings excluding one-time things of 53 cents a share topped analysts’ consensus estimate of 50 cents, EBITDA of $106.3 million was much better than an believed $104.8 million and similar device sales […]
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Shares making the biggest premarket moves: World Fitness, Warner Bros Discovery, Yeti, Airbnb and more
Look at out the firms making the major moves in premarket buying and selling: Planet Health — Shares tumbled as significantly as 7% immediately after the gymnasium franchise noted a profits skip for its first quarter and issued disappointing guidance for the calendar year. Quarterly revenue was $248 million, versus the $249.5 million predicted from […]
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FTC sues to block Coach parent Tapestry’s acquisition of Capri Holdings
Pedestrians walk past a Coach store and a Michael Kors store. Scott Olson | Getty Images The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. The move by regulators brings at least a temporary halt to a deal that would […]
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Stocks building the largest moves midday: United Airlines, Travelers, Abbott Laboratories and a lot more
Check out out the companies producing headlines in midday buying and selling. United Airways — Shares surged 14% right after the airline posted a narrower-than-expected reduction in the very first quarter. Quarterly profits arrived in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Tourists Companies — The insurance policies stock fell 8% just […]
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