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Gucci To Accept Bitcoin, Dogecoin, Shiba Inu In Several Stores
Thursday, May 5, 2022 - 2:25am | 532Luxury retail brand Gucci has reportedly embraced payments in the form of cryptocurrencies in some stores operated in North America. What Happened: Gucci plans to accept 10 cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH...
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Wells Fargo: Street Estimates For RH Are Too Low, Valuation Doesn't Reflect Growth Outlook
Tuesday, November 27, 2018 - 4:48pm | 484If the economic cycle is near its peak, investors shouldn't be faulted for being lukewarm on luxury retailers including RH (NYSE: RH) — but a bullish case for the stock remains, according to Wells Fargo. The Analyst Analyst Zachary Fadem reinstated coverage of RH with...
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Departures In The Luxury Retail Space: More Problems Ahead?
Wednesday, February 8, 2017 - 4:17pm | 987The aging market of luxury retail seems to be decomposing. Consistently high rates of management turnover have peeled back a facade of elegance and exposed a state of internal decay. On Sunday, Tiffany & Co. (NYSE: TIF) dropped CEO Frederic Cumenal. On Saturday, Ralph Lauren Corp (NYSE: RL) CEO...
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Vera Bradley Investors Left Holding The Bag After Q3 Sales Miss, Guidance Cut
Wednesday, December 7, 2016 - 2:24pm | 466Luxury handbag retailers may not be having the best time in the current operating environment, as the unsteady global economic recovery has made consumers circumspect. Vera Bradley, Inc. (NASDAQ: VRA) shares have been on a downward spiral since Wednesday morning after it reported sub-par third-...
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Tiffany & Co. Shines Brighter
Tuesday, November 29, 2016 - 10:49am | 443Jewelry retailer Tiffany & Co. (NYSE: TIF) reported Tuesday ahead of the market open higher third-quarter earnings and revenues, with the revenues rising for the first time in eight quarters. Earnings Beat; Sales Up Quarterly earnings per share were at $0.76, up from $0.70 in the year-ago...
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Luxury Retail Having An Exquisite Q3 Thus Far
Thursday, November 10, 2016 - 5:05pm | 583Luxury retailers are reporting better-than-expected quarterly earnings amid challenging retail landscape and tourism headwinds. Earnings of Kate Spade & Co (NYSE: KATE) and Ralph Lauren Corp (NYSE: RL) have topped the Street, while Coach Inc (NYSE: COH)’s earnings came in line. The Lux...
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Strong Dollar Could Have Dire Consequences For Luxury Market
Tuesday, September 8, 2015 - 8:42am | 357U.S. firms from almost every industry have complained that the stronger dollar is negatively impacting their bottom line. With the greenback on the rise against international currencies like the euro, the yuan and the yen, U.S.-made goods are becoming less and less competitive in the global...
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A Technical Look At 4 High-End Retailers
Tuesday, November 11, 2014 - 10:21am | 583High-end retailers sport some of the most respected brands in the world, but what do they offer investors? There are four names, in particular, worth watching. Michael Kors Shares of Michael Kors Holdings Ltd (NYSE: KORS) have been in a steady downtrend that was intensified by investors...
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Tiffany's Vs. Louis Vuitton: Which Would You Rather?
Tuesday, February 18, 2014 - 5:12pm | 551It seems 2014 is shaping up to be the year of income equality. The president is talking about it, Congress is talking about it and the news media is talking about it. Though there seems to be no certain proposal which will cause an equalization of the gap between the richest Americans and the...