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Financial

Accessories News

Financial

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.

Traders

Under Armour Misses, While Gap and Nordstrom Get Upgrades

Stocks are off to a muted start as Under Armour misses earnings estimates, while the Gap and Nordstrom are upgraded.

Stephen Curry Under Armour sneakers.

Under Armour to Launch New Brand This Fall

Under Armour delivered a rare earnings miss and also said it was launching a new brand to reach a larger audience.

European Stock Markets Uneven in Midmorning Trading

Retail and luxury stocks were mostly down.

Vivarte Embarks on Fresh Debt Renegotiation

Stéphane Maquaire, chief executive officer of the ailing French retail group, has designated Hélène Bourbouloux to renegotiate its debt.

Traders

Deal Making Monday for G-III and Yahoo

It’s a deal making Monday as G-III Apparel buys Donna Karan and Verizon picks up Yahoo’s core assets.

European Stock Markets Edge Up in Midmorning Trading

Retail, luxury stocks also gain ground.