Revenues were driven by apparel, which was boosted by the Euro soccer tournament in which five national teams wore Puma jerseys.
— July 27, 2016
In anticipation of updates coming this fall, chief executive officer Tim Cook remained optimistic.
— July 26, 2016
The hedge fund decided to sell its Macy’s shares after the department store’s 2016 outlook weakened.
The French luxury conglomerate reported a 2.2 percent increase in group revenues and dismissed speculation of more disposals after the sale of Donna Karan.
Looking ahead, there was a slight concern about the availability of jobs six months out.
Stocks are off to a muted start as Under Armour misses earnings estimates, while the Gap and Nordstrom are upgraded.
Under Armour delivered a rare earnings miss and also said it was launching a new brand to reach a larger audience.
Retail and luxury stocks were mostly down.
Stéphane Maquaire, chief executive officer of the ailing French retail group, has designated Hélène Bourbouloux to renegotiate its debt.
— July 25, 2016