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US STOCKS-Wall St rallies as July inflation data fuels...
Walt Disney rises after posting upbeat Q3 earnings. Capri jumps as Tapestry to buy it in $8.5 bln deal. July annual CPI at 3.2% vs estimates of 3.3%. Weekly jobless claims jump more than expected.
America’s New Fashion Powerhouse Is Still Dwarfed by Europe’s Luxury Giants | Mint Tapestry's $8.5 billion acquisition of Capri would create a conglomerate with more than $12 billion in annual sales. Both companies have struggled at times with oversaturation and discounting of their brands.
America’s New Fashion Powerhouse Is Still Dwarfed by Europe’s Luxury Giants | Mint Tapestry’s $8.5 billion acquisition of Capri would create a conglomerate with more than $12 billion in annual sales. Capri's Versace and Jimmy Choo labels will fall under Tapestry's umbrella.
America’s New Fashion Powerhouse Is Still Dwarfed by Europe’s Luxury Giants BusinessTapestry’s $8.5 billion acquisition of Capri would create a U.S. conglomerate without the high-wattage labels and diversity that have fueled LVMH's success. The proposed merger would put Coach, Michael Kors, Kate Spade and other brands under one roof.
US STOCKS-Wall St eyes higher open as July inflation... Wall St eyes higher open as July inflation data fuels Fed rate pause hopes. Weekly jobless claims jump more than expected. Disney climbs after posting upbeat Q3 earnings. Capri jumps as Tapestry to buy it in $8.5 bln deal.
Jim Cramer's top 10 things to watch in the stock market Thursday Dow, S&P 500 and Nasdaq set to open higher on tame CPI and softer jobs data. Capri shares soar more than 55% on the $8.5 billion offer from Tapestry. Can Bob Iger pull it off? Not with declining linear TV.
Futures Rise, Dollar Slides Ahead Of "Dovish" CPI Report Disney shares rose 1.6% in premarket trading after saying capital spending and outlays for movies and TV shows are coming in lower than projected. Capri soared as much as 34% after it was acquired by Tapestry, the parent company of Michael Kors and Versace among others. LVMH leads luxury stocks higher in Europe as China lifts a ban on group tours.
China's uneven recovery may deepen demand worries for U.S. luxury goods makers U.S. luxury companies including Michael Kors-owner Capri and Estee Lauder will likely record a hit to sales from a slower-than-expected recovery in key market China. Global companies, including luxury goods makers, had bet on a surge in demand from China after the country eased strict pandemic restrictions.
I drove Ford Focus ST Track Pack – it’s a family friendly performance car that’s fast & noisy but also safe... The throttle response from the 2.3-litre turbo is urgent. The handling is razor-sharp and body control is first-rate. Next year Capri returns as an electric sports crossover and Puma will get a battery-powered version.
I drove Ford Focus ST Track Pack – it’s a family friendly performance car that’s fast & noisy but also safe... The regular Focus ST is £36,855, plus another £3k for the Track Pack. It adds adjustable coilover suspension, Brembo brakes, lighter alloys and sticky Pirelli P-Zero Corsa tyres. Next year Capri returns as an electric sports crossover and Puma will get a battery-powered version.
U.S. 'aspirational' shoppers are spending less on fashion, jewelry Signet noticed a sales decline in fashion jewelry priced below $5,000 in April. Macy’s noted a drop in sales was most pronounced at its namesake department store chain. Both Ralph Lauren and Capri are doubling down on their highest-end consumers.
U.S. 'aspirational' shoppers are spending less on... Signet is the latest retailer to link lagging sales to a downturn in spending by so-called "aspirational" customers. Ralph Lauren and Capri are doubling down on their highest-end consumers. Macy's noted a drop in sales was most pronounced at its namesake department store chain.
U.S. 'aspirational' shoppers are spending less on fashion, jewelry Signet noticed a sales decline in fashion jewelry priced below $5,000 in April. Macy’s noted a drop in sales was most pronounced at its namesake department store chain. Both Ralph Lauren and Capri disclosed they are doubling down on their highest-end consumers.
U.S. 'aspirational' shoppers are spending less on fashion, jewelry Signet noticed a sales decline in fashion jewelry priced below $5,000 in April. Macy's noted a drop in sales was most pronounced at its namesake department store chain. Ralph Lauren and Capri disclosed they are doubling down on their highest-end consumers.
Why Some Brands Thrive In A Tough Economy – And Others Do Not In the 4th quarter of 2022, Macy’s and Nordstrom both had a sales dip of -4.6%. All three had been struggling since before the pandemic started to attract customers. Capri, which relies heavily on department store sales with their Michael Koors brand, dropped 6 percent.
Consumer Cos Down on Weak Earnings -- Consumer Roundup Consumer Cos Down on Weak Earnings -- Consumer Roundup. Michael Kors and Jimmy Choo parent Capri fell by almost one quarter.
Kelly Evans: How Can Margins NOT Collapse? Sonos shares surged about 16.5% after reporting a big beat in its fiscal first-quarter results. Tapestry's gains came a day after Capri's disappointing third quarter earnings sent that stock falling.
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