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Tuesday, January 22, 2019

Crocs rockets 30% as demand for clogs drives surprise profit

Shares of shoemaker Crocs rallied 27 percent Thursday after CEO Andrew Rees said strong clog sales helped the company post a surprise profit in...

Michael Kors shares plunge as second-quarter sales disappoint

Michael Kors shares plunged more than 11 percent after the handbag maker recorded weaker sales at its retail stores in Europe during the fiscal...

JP Morgan downgrades Gap, says it’s not ready for the holidays and faces higher...

J.P. Morgan downgraded Gap shares to underweight Thursday, predicting the clothier could face profit pressure throughout the holiday season as it struggles with operational...

Luxury brands’ Instagram likes could be crucial for stock-picking

The "customer journey," from someone browsing social channels to making a purchase, an activity that marketers spend a lot of time tracking, could also...

Polo Ralph Lauren is launching a collaboration with Palace

Partnerships between luxury brands and more youth-focused labels are becoming more common, with Louis Vuitton launching a collection with New York brand Supreme in...

Virgil Abloh on how Louis Vuitton and Rimowa can reach younger people

LVMH bought an 80 percent stake in Rimowa for 640 million euros (then $716 million) in 2016 and is run by Alexandre Arnault (one...

Blake Mycoskie of Toms shoes set out to do good — and made millions

The two worked with a local manufacturer to produce the espadrille-style shoes, which Mycoskie called Toms, because "Tomorrow's Shoes" wouldn't fit on a label....

Versace fans lash out at Michael Kors as ‘the tackiest man alive’ 

"Cheap fabric for soccer moms." "Duty-free cheap (expletive) you buy at the airport." "A brand about to go from high-end luxury to TJ Maxx...

Michael Kors to buy Versace and change name to Capri Holdings

Michael Kors is going high-end. The handbag maker is acquiring Gianni Versace for $2.1 billion, including debt, providing Kors a launching...

Victoria Beckham on being a female entrepreneur

"I'm doing the best I can creatively, as a wife, as a mum — I'm working hard," she said. The...