Financial

Accessories News

Financial

A view of Belk's Dallas flagship.

E-commerce, Activewear Lift Belk Q1 Profits, Sales

Company registers 36.7 percent increase in e-commerce sales, pushing comps higher.

A view outside the Chico's store.

Chico’s Q1 Net Falls as Sales, Margins Rise

Weakness in dresses, effect of port delays cut into specialty retailer's quarterly revenues.

Fossil

Fossil Among Midday Decliners

A downgrade on Coach Inc. and investor reaction to a weaker earnings outlook from Michael Kors Holding Ltd. sent both stocks down at midday trading.

Michael Kors RTW Fall 2015

Kors Sees $3 Billion Wiped Off of Market Cap

The fashion firm saw its shares plummet 24.2 percent Wednesday to $45.93 on the Big Board.

European Markets Make Small Gains

The FTSE 100 and FTSE MIB led the uptick in morning trading on Wednesday.

Legion, CalSTRS Call Off Proxy Fight With Perry Ellis

Activist shareholders express satisfaction with actions taken by Perry Ellis and hold off on proxy fight.

Europe’s Markets in Negative Territory

Investors on Tuesday morning were wary over Greece’s debt situation and Spain’s local election results.

“The strength of consumer balance
sheets, decline in energy costs and signs of sustained growth in earnings all provide reasons for optimism.”

Think Tank: A Healthier Consumer Sector May Have the Wind at Its Back

It is difficult to overstate the crisis the American consumer faced at the onset of the Great Recession. Yet somehow over the past six years real household consumption managed to grow at an annual rate of 2.2 percent.

Online hand-crafted marketplace
Etsy completes its initial public offering.

Tech IPOs Steal Buzz From Fashion Companies

The tech sector that stole the IPO buzz from fashion companies in 2014 is on track to do it again this year.