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Survey: Michael Kors Still The Preferred Handbag Among Teens
Thursday, October 25, 2018 - 2:34pm | 423Its popularity may be declining, but Michael Kors Holdings Ltd (NYSE: KORS) is still far and away the preferred handbag among teens. Thirty percent of female respondents said that Michael Kors is their preferred handbag brand, according to Piper Jaffray's latest "Taking Stock With...
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Gen Z's Appetite For Luxury Drives LVMH, Kering To All-Time Highs
Friday, April 13, 2018 - 3:18pm | 921The shares of French luxury fashion houses LVMH Moet Hennessy Louis Vuitton SE (OTC: LVMHF) and KERING S A/ADR (OTC: PPRUY) hit all-time highs this week in a resurgence of luxury brands in the retail sector. LVMH noted in its first-quarter report this week that organic growth reached 13...
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PETA Buys Canada Goose Stock, Plans To Push For An End To Use Of Real Fur
Thursday, March 16, 2017 - 3:57pm | 516Luxury coat maker Canada Goose (NYSE: GOOS) is celebrating a big pop on its first day of trading on the NYSE. Shares initially soared 25 percent as investors rushed in to get a piece of the popular apparel company. One of the most surprising Canada Goose buyers was animal rights organization People...
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LVMH's Earnings Show High-End Luxury Market Remains Strong
Tuesday, October 11, 2016 - 8:51am | 405LVMH, the parent company of ultra-high end brands including Louis Vuitton, Moet Hennessy, Givenchy, De Beers Diamond Jewelers and many others, reported strong third-quarter results, which show demand for high-end luxury goods remains strong. Figures For LVMH The France-based company reported that...
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Apple Is A 'Really Capable Partner,' Could Help Automakers Build Better Cars
Saturday, July 11, 2015 - 8:49am | 604Apple Inc. (NASDAQ: AAPL) is rumored to be working on its own automobile, but it could take another route and help other automakers build better vehicles. "One of the things that I think gets glossed over is that a lot of people describe Apple as a 'walled garden,'" Devin...
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Macy's Faces Another Discrimination Lawsuit
Monday, December 23, 2013 - 2:53pm | 486In a discrimination lawsuit filed Friday, an African-American shopper said Macy’s (NYSE: M) security personnel stopped him after he bought a $2,400 Louis Vuitton bag and an alarm went off as he tried to exit the store. According to club promoter, Halim Sharif, he was detained and his bag...
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Burberry's Soft First Quarter May Indicate Retail Trouble Overseas
Wednesday, July 11, 2012 - 8:37am | 465London-based luxury retailer Burberry (LON: BRBY) felt the rain fall down on its infamous plaid printed umbrella this morning, as the company experienced a fairly soft first quarter, further proving that overseas economic troubles are well underway. Consumers are not as willing to spend on...
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The Real Deal on Wall Street: Coach Investors Could be Doused with Gatorade
Tuesday, January 17, 2012 - 5:38am | 427Accessible luxury retailer Coach (NYSE: COH) will announce its holiday quarter earnings shortly, so I wanted to set things up beforehand in typical Real Deal style. One key to being a successful investor is averting disasters in the portfolio by properly fitting pieces of a puzzle (macro plus...