Retail and luxury stocks were mostly down.
— May 31, 2016
Fashion, luxury and retail stocks were also choppy in morning trading on Monday.
— May 30, 2016
Japanese shares advanced following remarks from Federal Reserve Chairwoman Janet Yellen suggesting that an interest rate hike would be appropriate. Meanwhile, the yen weakened against the dollar and Japan looks set to postpone a controversial sales hike slated for next year.
The move is considered a response to Fed Chair Janet Yellen’s recent comments indicating that an interest rate rise could be on its way in the coming months.
The University of Michigan’s Index of Consumer Sentiment showed a much more buoyant shopper in May.
— May 27, 2016
Ulta Cosmetics and Deckers Outdoors are both rising on their earnings as the market prepares for a holiday weekend.
Retail and luxury stocks were uneven in trading on Friday morning.
PVH Corp.’s chief executive officer Emanuel Chirico said he believes Calvin Klein will become a $10 billion business.
— May 26, 2016
Mark Light, chief executive officer, touted the jeweler as a “growth story” and said Goldman Sachs was helping it explore options for its credit business.