New lines of Coach handbags helped Tapestry beat holiday quarter expectations on Thursday, sending its shares up 6%, even as the fashion house warned the coronavirus outbreak could dent its sales by up to $250 million.
Versace and Jimmy Choo made huge progress in accessories in the latest quarter at Capri Holdings, but with 150 out of the group's 225 Chinese stores currently closed, it still faces challenges, its CEO said.
The US e-tail site has been applying stock market-inspired concepts to the sale of sneakers for three years. CEO Scott Cutler told FashionNetwork.com he wants to go further in deploying the IPO-for-products model.
The Detroit-based “stock market of things” has announced that it surpassed $1 billion in gross merchandise value in 2019 alone, as the platform pushed forward with international expansion, especially in Europe and Asia.
Wall Street analysts were upbeat about Nike's long-term growth, encouraged by the sportswear maker's robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.