Retail and luxury stocks were mostly down in mid-morning trading on Thursday.
— July 28, 2016
The French retailer said operating profit fell 2.8 percent in the first half as it continued to reorganize its activities in China.
LVMH stock rose more than 7 percent for its biggest one-day gain since 2015, pulling other luxury stocks higher with it.
— July 27, 2016
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.
Apple’s earnings pushed the Nasdaq higher, but retail investors weren’t thrilled by Simon Property Group or Gildan Activewear.
Gildan Activewear acquired Peds Legwear for $55 million and delivered disappointing second-quarter results.
Retail and luxury stocks also climb in morning trading on Wednesday.
Revenues were driven by apparel, which was boosted by the Euro soccer tournament in which five national teams wore Puma jerseys.
In anticipation of updates coming this fall, chief executive officer Tim Cook remained optimistic.
— July 26, 2016