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Financial

Accessories News

Financial

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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.

Puma Q2 Sales Up 7 Percent After Strong Euro Performance

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.

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 Unveils New Brand, New Store in FAO Schwartz Building

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