Tiger Woods has come back; now can he help revive the struggling golf industry?

NEW YORK — Tiger Woods’ win at the Masters could revitalize the golf industry, which has struggled in the past decade while the game’s biggest star was hobbled by issues on and off the course. Bridgestone Golf, whose logo was on the golf balls Woods used, says its website traffic soared after the Sunday win. PGA Tour Superstore, which sells […]

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Badgley Mischka’s James Mischka on the state of the luxury market — and what he won’t spend money on

Mark Badgley and James Mischka launched their luxury fashion label in 1988. Since then, their garments have been sold in high-end retailers like Nordstrom Inc. JWN, +0.09% Saks Fifth Avenue HBC, -0.25% Neiman Marcus and at their own boutiques. Their clothing, which ranges from gowns that make a “grand gesture” with bows and beads to more understated or casual looks, […]

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Guess shares tank 12% after it names Carlos Alberini CEO, succeeding Maurice Marciano

Guess Inc. GES, -14.62% shares sank 12.1% in early Monday trading after it announced Carlos Alberini has been named chief executive, succeeding Maurice Marciano, who is leaving the company effective Feb. 2. Alberini was president and chief operating officer from 2000 to 2010. He will assume the Guess CEO role once he’s stepped down from his current role as CEO […]

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Calvin Klein parent PVH downgraded on challenges from competition

Calvin Klein parent PVH Corp. PVH, -3.29% shares are down 3.5% after the stock was downgraded to market perform for the first time in eight years at Cowen. The stock was previously at outperform. Cowen analysts cited hurdles from competing clothing vendors, a challenging wholesale channel in North America and supply chain headwinds in their note. "Our view is that […]

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No, Vans parent VF Corp. isn’t going to buy Skechers

VF Corp.’s Chief Executive Steven Rendle used the company’s third-quarter earnings call to quiet chatter about adding Skechers Corp. to the company’s portfolio, saying that one can’t believe everything they hear. “Obviously, M&A continues to be our number one choice about capital allocation,” Rendle said on the call, according to a FactSet transcript. “And I think we all know us […]

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Lululemon’s stock rallies after Stifel analyst says it’s time to buy

Shares of Lululemon Athletica Inc. [: lulu] rallied 1.4% in premarket trade Monday, after Stifel Nicolaus analyst Jim Duffy turned bullish on the yoga gear marker, citing valuation and the potential for upside in fiscal fourth-quarter and 2019 estimates. Duffy upgraded the stock to buy from hold and set a stock price target of $151, which is 27% above Friday’s […]

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Under Armour leaves some analysts questioning whether its outlook is achievable

Under Armour Inc. shares have taken a beating this week, with the athletic company’s investor day leaving some analysts optimistic about the long-term, and others bearish about the company’s ability to make good on its guidance. The stock is down 19% for the week to date, and has tumbled 4.2% in Thursday trading. Initial fiscal 2019 guidance is for revenue […]

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Ralph Lauren earnings and sales beat expectations but shares fall 6%

Ralph Lauren Corp. RL, +2.07% reported fiscal second-quarter net income of $170.3 million, or $2.07 per share, up from $143.8 million, or $1.75 per share, last year. Excluding restructuring-related and other charges, EPS was $2.26. Sales totaled $1.69 billion, up from $1.66 billion. The FactSet consensus was for EPS of $2.16 and sales of $1.65 billion. Sales in North America […]

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