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ProjectArt Founder Joins Airbnb Exec On 'Wardrobe' Startup To Rival Rent The Runway
Wednesday, September 9, 2020 - 7:50am | 1070Back in March, Rent the Runway (RTR) laid off its entire retail staff. The clothing rental brand blamed the COVID-19 pandemic for the cuts. Six months later, the company still hasn't recovered, opting to close all of its stores. Adarsh Alphons is unfazed by this grim scenario....
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Michael Kors Scores With Strong Q2, But What's The Deal With That Guidance?
Monday, November 6, 2017 - 1:13pm | 373Michael Kors Holdings Ltd (NYSE: KORS) reported better-than-expected second-quarter earnings Monday, with the retailer saying it's in-line with its Runway 2020 strategic plan. Kors shares hit a new 52-week high of $55.01 and were trading higher by more than 13 percent Monday morning....
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Why Coach's $18.50/Share Offer For Kate Spade Is 'Fair'
Monday, May 8, 2017 - 1:47pm | 578After months of speculation, Kate Spade & Co (NYSE: KATE) confirmed Monday it has agreed to sell itself to rival Coach Inc (NYSE: COH) for $18.50 per share. Kate Spade's profile as a potential M&A target dates back to late 2016, when the company faced pressure from an activist investor...
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Jim Cramer Highlights 2 Issues Hurting Lululemon
Friday, March 31, 2017 - 11:51am | 338Lululemon Athletica inc. (NASDAQ: LULU)'s stock plummeted on Thursday to a new 52-week low of $50.50 on Thursday after the company's first-quarter guidance caught investors off-guard. The company attributed its poor outlook to a lack of color in its product lineups. But CNBC's Jim Cramer thinks...
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Deutsche On Michael Kors' Q2: It's All About The Comps
Monday, August 8, 2016 - 2:06pm | 392Kate Spade & Co (NYSE: KATE)'s stock was hammered last week after the company reported a disappointing second-quarter earnings print. Up next to report earnings in the fashion and accessory space is Michael Kors Holdings Ltd (NYSE: KORS), as the company is scheduled to report its first-quarter...
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Retailers Are Awfully Weak This Morning
Wednesday, August 3, 2016 - 9:45am | 394Another earnings season, another poor performance for retailers. Shares of Kate Spade & Co (NYSE: KATE) were trading lower by nearly 20 percent after the company reported a top and bottom line earnings beat in its second quarter print but slashed its full year fiscal 2016 earnings per share...
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Burberry CEO Takes 75% Pay Cut After Rough Year
Tuesday, June 7, 2016 - 11:51am | 256The high-end UK-based fashion line Burberry (BURBERRY GROUP ORD GBP0.0005 (OTC: BBRYF) (OTC: BURBY) (LON: BRBY)) had a terrible year, as the company's pretax profit plunged 10 percent to £421 million ($612.41 million). The company's London-listed stock has lost more than 8 percent since the start...
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Management Shuffle At Perry Ellis: Company Names New Chairman Of Board, CEO
Thursday, April 21, 2016 - 1:25pm | 265Shares of Perry Ellis International, Inc. (NASDAQ: PERY) were trading higher by nearly 1 percent early Thursday afternoon after the company announced several changes to its management team. The company noted that the management change took place in accordance with a prior executive leadership...
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American Eagle Raises EPS Estimate
Friday, November 8, 2013 - 4:45pm | 320American Eagle Outfitters (NYSE: AEO) saw its share price jump by 9.57 percent on Wednesday, after raising its third quarter EPS outlook to 19 cents a share. The Q3 EPS beats Thompson Reuters' estimate of a 15 cents a share third quarter EPS. It was definitely better than the Q2 EPS, which came...
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10x Return Stocks - Super-Spike Stocks (Part 2)
Tuesday, October 12, 2010 - 11:38pm | 687In part 1 of this article, we discussed the Crashed-and-Recovered 10x return stocks. In this article, we will discuss the Super-Spike 10x return stocks. Super-spike 10x stocks Super-spike stocks are stocks which returned 10x to their investors over a rather short period of time, but could not...