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Ralph Lauren jumps on brisk sales despite Hong Kong protests

Ralph Lauren Corp. rose after the apparel maker reported same-stores sales growth across its three regions—including in the key North American market. The company sees ongoing unrest in Hong Kong... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Ralph Lauren loses $249M as coronavirus, Hong Kong protests disrupt business

The loss was worse than Wall Street analysts had estimated, though the CEO said performance before the coronavirus pandemic showed strong progress......»»

Category: topSource: foxnewsMay 27th, 2020

Gucci, Moncler post solid growth despite Hong Kong turmoil

Kering's Gucci brand and Italian jacket maker Moncler joined other luxury labels on Thursday in easing fears of a major third quarter sales hit from protests in Hong Kong, as they benefited from brisk business across the rest of Asia......»»

Category: topSource: reutersOct 24th, 2019

Ralph Lauren sees Hong Kong as a NT headwind, especially due to coronavirus

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 4th, 2020

Burberry raises outlook as Christmas sales beat expectations

Burberry Group Plc raised its full-year sales forecast after designer Riccardo Tisci’s social-media-friendly new look helped boost revenue in the holiday period, offsetting the bruising impact of political protests in Hong Kong......»»

Category: topSource: moneycentralJan 22nd, 2020

China virus scare sends shudder through European luxury goods sector

European luxury stocks slumped across the board on Tuesday on fears that the coronavirus virus outbreak in China could hurt sales of high-end brands that had managed to weather months of protests in Hong Kong......»»

Category: topSource: reutersJan 21st, 2020

Louis Vuitton to close Hong Kong shop as protests bite: report

Louis Vuitton, the world's biggest luxury goods brand by sales, is preparing to shut one of its shops in Hong Kong where protests have hit demand as high rental costs bite, the South China Morning Post newspaper reported on Friday......»»

Category: topSource: reutersJan 3rd, 2020

Abercrombie & Fitch trims forecast as Hollister, international business drag

Teen apparel retailer Abercrombie & Fitch Co trimmed its annual sales growth forecast on Tuesday, blaming political issues ranging from Brexit to Hong Kong protests for keeping customers away from its stores outside the United States......»»

Category: topSource: reutersNov 26th, 2019

Capri profit misses as Hong Kong protests hurt Versace sales

Capri Holdings Ltd missed Wall Street estimates for quarterly profit on Wednesday, as protests in Hong Kong and negative Chinese consumer reaction to an 'incorrectly labeled' T-shirt hurt sales of its Versace brand......»»

Category: topSource: reutersNov 6th, 2019

Kering shares surge as Gucci shines despite Hong Kong protests

Kering led a luxury goods share rally on Friday after its star fashion label Gucci posted stronger-than-expected sales, demonstrating how some brands have so far managed to counter the hit from protests in Hong Kong......»»

Category: topSource: reutersOct 25th, 2019

Market Snapshot: Stocks turn mixed midday despite lingering worries on China relations, weak retail sales

Stocks were little changed midsession Wednesday, as tensions between the U.S. and China over Hong Kong protests weighed on efforts to complete a trade deal, and after a weak retail sales report offset better-than-expected corporate earnings reports......»»

Category: topSource: marketwatchOct 16th, 2019

Market Snapshot: Stocks open lower on lingering worries over U.S.-China relations, weak retail sales

Stocks opened lower Wednesday, as tensions between the U.S. and China over Hong Kong protests weighed on efforts to complete a trade deal, and after a weak retail sales report offset better-than-expected corporate earnings reports......»»

Category: topSource: marketwatchOct 16th, 2019

LVMH eases fears over Hong Kong hit, lifting luxury stocks

Shares in LVMH rose on Thursday, lifting other European luxury goods stocks as the Louis Vuitton owner's stronger-than-expected sales update eased fears of any major fallout from protests in Hong Kong on high-end brands......»»

Category: topSource: reutersOct 10th, 2019

Burberry could take a $122 million hit on sales because of the Hong Kong protests, analysts warn

ANTHONY WALLACE/AFP/Getty Images Analysts say that Burberry could take a £100 million ($122.4 million) hit to its sales in Hong Kong this year because of ongoing violent protests in the city. In a .....»»

Category: topSource: businessinsiderOct 9th, 2019

Burberry could take a $123 million hit on sales because of the Hong Kong protests, analysts warn

ANTHONY WALLACE/AFP/Getty Images Analysts say that Burberry could take a £100 million ($123 million) hit to its sales in Hong Kong this year because of ongoing violent protests in the city. In a note to clients on Tuesday, a group of Jef.....»»

Category: topSource: businessinsiderOct 9th, 2019

"Hong Kong Is A Disaster" - Retail Sales Routed As Bitcoin Volumes Hit Record High

"Hong Kong Is A Disaster" - Retail Sales Routed As Bitcoin Volumes Hit Record High European luxury-goods stocks tumbled as data show the pro-democracy protests in Hong Kong are taking an increasing to.....»»

Category: blogSource: zerohedgeOct 2nd, 2019

What the Hong Kong protests could mean for NYC real estate

Dolly Lenz, number one U.S. broker by dollar amount in sales, joins 'The Exchange' to discuss how New York real estate could benefit from the ongoing conflict in Hong Kong......»»

Category: realestateSource: cnbcSep 2nd, 2019

Here"s how NYC real estate could benefit from Hong Kong protests

Dolly Lenz, number one U.S. broker by dollar amount in sales, joins 'The Exchange' to discuss how New York real estate could benefit from the ongoing conflict in Hong Kong......»»

Category: realestateSource: cnbcAug 30th, 2019

Tiffany says sales could miss estimates if Hong Kong protests continue

Tiffany & Co warned on Wednesday of the impact the ongoing protests in Hong Kong are having on the company's sales, and said any deterioration in the situation may result in the jeweler's full-year sales coming in below its own forecasts......»»

Category: topSource: reutersAug 28th, 2019

Cartier, Louis Vuitton and other luxury brands could suffer up to a 60% hit in Hong Kong if protests continue

Luxury brands could see sales in Hong Kong decline 10% to 60% compared to last year if protests continue through the end of 2019, Cowen data shows......»»

Category: topSource: marketwatchAug 21st, 2019

Ralph Lauren stock jumps thanks to Asia sales, robust profit

shares fell as much as 4.7% in New York trading after the warned about a challenging outlook for its North America business amid declines in tourist sales, hurt in part by the stronger dollar. The... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkAug 3rd, 2019