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Financial

Accessories News

Financial

Karen Elson in Moncler's fall 2016 campaign.

Moncler Profits in Line, Sales Grow in First Half

Growth across all markets and distribution channels helped Moncler report net profits in the first half that were broadly in line with the same period last year, on the back of a 17 percent rise in revenues.

Traders

Investors Not Impressed by Simon Properties or Gildan Activewear

Apple’s earnings pushed the Nasdaq higher, but retail investors weren’t thrilled by Simon Property Group or Gildan Activewear.

gildan logo

Gildan Buys Peds Legwear Amid Disappointing Earnings

Gildan Activewear acquired Peds Legwear for $55 million and delivered disappointing second-quarter results.

European Stock Markets Advance Ahead of U.S. Federal Reserve Update

Retail and luxury stocks also climb in morning trading on Wednesday.

The Fenty Puma Camo Creeper.

Rihanna, Kylie and Euro Tournament Drive Puma’s Growth

Revenues were driven by apparel, which was boosted by the Euro soccer tournament in which five national teams wore Puma jerseys.

Tim Cook introduces new Apple Watch band styles.

Apple Highlights Apple Pay, Apple Watch as IPhone Sales Slip

In anticipation of updates coming this fall, chief executive officer Tim Cook remained optimistic.

David Einhorn's Greenlight Capital cut its losses on the Macy's investment.

David Einhorn’s Greenlight Capital Takes Loss on Macy’s Stake

The hedge fund decided to sell its Macy’s shares after the department store’s 2016 outlook weakened.

Louis Vuitton Resort 2017

LVMH Says: Marc Jacobs Not for Sale

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.

Consumer Confidence Unchanged in July

Looking ahead, there was a slight concern about the availability of jobs six months out.