Liz Dunn News
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J.C. Penney Co., the department-store chain that replaced its chief executive officer last month, said preliminary fiscal first-quarter sales fell 16 percent, a smaller drop than a year earlier.
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Coach Inc., the largest U.S. luxury handbag maker, reported fiscal third-quarter profit that beat analysts’ estimates, helped by demand in North America, and said it may sell its Reed Krakoff brand. The shares jumped.
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Myron Ullman is just a few days into his return as chief executive officer of money-losing department store J.C. Penney Co. and he’s already come to one important conclusion: the chain needs cash.
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Tiffany & Co., the world’s second- largest luxury jewelry retailer, reported fourth-quarter profit that topped analysts’ estimates led by demand in Asia.
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Coach Inc., the largest U.S. luxury- handbag maker, named Victor Luis, head of the company’s international business, to succeed Chief Executive Officer Lew Frankfort next year.
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J.C. Penney Co. jumped after an analyst at ISI Group said the retailer could turn its top 300 stores into a real estate investment trust-like entity that would sublet space to other brands.
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J.C. Penney Co. climbed the most in more than seven months after saying cost reductions from new Chief Executive Officer Ron Johnson’s turnaround plan may boost 2012 profit more than analysts estimated.
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After getting women hooked on fancy handbags and expensive shoes in recent years, retailers are trying to rekindle a love affair with clothes.
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Coach Inc.’s handbags and heels are offering buyers one of the biggest bargains among luxury brands.
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Ralph Lauren Corp., the retailer of its namesake brand clothing, reported fiscal third-quarter profit that topped analysts’ estimates, helped by lower-than- expected expenses and cheaper cotton.
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