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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Under Armour: No more strip-club charges on company credit cards

Under Armour Inc. employees received an email earlier this year that upended a longstanding company practice: They could no longer charge visits to strip clubs on their corporate cards. Over the years, executives and employees of the sports-apparel company, including Chairman and Chief Executive Kevin Plank, went with athletes or co-workers to strip clubs after some corporate and sporting events, […]

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Trump Today: President wants to award Devin Nunes a medal as he continues attack against Jerome Powell

President Donald Trump suggested honoring Rep. Devin Nunes on Thursday, as he said he wouldn’t fire Fed Chairman Jerome Powell and had a freewheeling meeting with rapper Kanye West. AWARD FOR NUNES Trump fielded questions from “Fox & Friends” Thursday morning and said of the Russia investigation, “if this turns out as everyone thinks it will, Devin Nunes should get […]

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