Kering shares rocketed 9.9 percent following strong Q1 sales from Gucci, Saint Laurent.
Organic sales at Gucci rose 48.3 percent, their strongest increase in two decades, as luxury clients clamored for Alessandro Michele’s distinctive designs.
Jimmy Choo, Bally are under review, with JAB actively seeking buyers for both.
Investors remain wary of Sears despite plans to create another $250 million in annual savings.
Retail and luxury stocks were mostly up early on Monday.
The British footwear and accessories brand said it’s exploring various options.
Consumers are shopping based on price, and they’re relying on influencers to get information before they buy.
The company is set to cut more than 100 jobs at a North Carolina distribution center.