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Why Piper Sandler Likes E-Commerce Stocks RealReal, Revolve Group
Tuesday, December 15, 2020 - 2:42pm | 523Read More...Research firm Piper Sandler initiated coverage of two fashion plays Tuesday: RealReal Inc (NASDAQ: REAL) and Revolve Group Inc (NYSE: RVLV). The Analyst: Erinn Murphy initiated coverage of RealReal with an Overweight rating and $19 price target. The analyst also initiated coverage of Revolve Group...
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Karis Dowe On The Future Of Luxury Fashion
Friday, December 13, 2019 - 5:01pm | 737Read More...Over the last decade we have seen social media grow rapidly in importance. According to the August 2017 Global Digital Statshot from We Are Social and Hootsuite, 3.028 Billion people actively use social media - that’s 40% of the world’s population. Inevitably these people look up...
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LVMH's Sparkling Acquisition: Experts On Why Buying Tiffany Is Wise
Monday, November 25, 2019 - 12:57pm | 551Read More...U.S.-based luxury jewelry retailer Tiffany & Co. (NYSE: TIF) has agreed to sell itself to LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) in a deal that was applauded by two experts. Tiffany Addresses LVMH's 'Weak Spot' LVMH boasts a lot of strength in ultra-high end...
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RH CEO Talks Berkshire, Apple And China On 'Mad Money'
Wednesday, November 20, 2019 - 2:36pm | 389Read More...RH (NYSE: RH), formerly known as Restoration Hardware, counts Warren Buffett as its fifth largest shareholder, which is fitting as the home furnishing company is modeled in part after Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B). RH Is One Part Berkshire RH CEO Gary Friedman...
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RealReal CEO: Our Products Are Really Real, But In Reality We Aren't Perfect
Thursday, November 7, 2019 - 4:52pm | 412Read More...RealReal Inc (NASDAQ: REAL) CEO Julie Wainwright responded to a CNBC investigation and said in an e-mail to clients that the company "may not be perfect every single time." What Happened A CNBC investigation found instances of RealReal selling counterfeit merchandise on its platform...
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Analyst: Tiffany A 'Motivated' Seller, But Not At $120
Monday, October 28, 2019 - 10:40am | 591Read More...Tiffany & Co. (NYSE: TIF) confirmed Monday that it received an unsolicited and non-binding takeover proposal from LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) at $120 per share. Tiffany Is Interested, But Not At $120 Tiffany is open to a deal to sell itself to LVMH, but not at $120 per share,...
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Analyst Blasts Tapestry For 'Lack Of Innovation'
Friday, August 16, 2019 - 12:39pm | 564Read More...Coach and Kate Spade parent company Tapestry Inc (NYSE: TPR) saw its stock lose nearly one quarter of its value Thursday in reaction to a poor fiscal fourth-quarter earnings report. Two analysts debated if investors should buy the dip or stay clear. Tigress: Where's The Innovation? The Kate...
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Is The RealReal The Real Deal In Online Goods? The Street Debates
Tuesday, July 23, 2019 - 1:36pm | 529Read More...The RealReal (NASDAQ: REAL), an online marketplace for authenticated luxury goods, hit the public market for the first time in June and shares remain about 20% higher compared to its $20 IPO pricing. The Analysts Raymond James' Aaron Kessler initiated coverage of The RealReal's stock with a...
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Need A Reason To Buy Michael Kors? UBS Offers 8
Friday, November 2, 2018 - 2:12pm | 412Read More...UBS turned bullish on Michael Kors Holdings Ltd (NYSE: KORS) after a dive into multiple aspects of the luxury fashion company's business. The Analyst Analyst Jay Sole upgraded Michael Kors Holdings from Neutral to Buy with a price target lifted from $76 to $80. The...
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Citi: Michael Kors A Buy After Versace Acquisition
Thursday, October 4, 2018 - 10:28am | 280Read More...Global fashion brand Michael Kors Holdings Ltd (NYSE: KORS)'s recent acquisition of Versace sent the American-based company's stock lower by 9 percent — and investors should buy the dip, according to Citi. The Analyst Citi's Paul Lejuez upgraded Michael Kors from...
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Citi Touts Tiffany's Tailwinds, Upgrades To Buy
Thursday, December 14, 2017 - 11:39am | 332Read More...Tiffany & Co. (NYSE: TIF) reported in November its third quarter earnings, which consisted of a top and bottom-line beat that played a part in a notable upgrade. The Analyst Citi's Paul Lejuez upgraded Tiffany's stock from Neutral to Buy with a price target boosted from $92 to $...
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Coach's Turnaround: Is There Room In This Bag To Carry More Upside?
Monday, July 31, 2017 - 12:40pm | 565Read More...Analysts at Jefferies parted way with their bullish stance on Coach Inc (NYSE: COH) as there are few catalysts left to support the stock. The firm's Randal Konik downgraded Coach's stock rating from Buy to Hold with a price target lowered from $53 to $45, which implies downside to the stock...
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Michael Kors Says It Will Continue Shopping For More Acquisitions
Tuesday, July 25, 2017 - 1:12pm | 442Read More...Initial reaction to Michael Kors Holdings Ltd (NYSE: KORS)'s $1.2 billion acquisition of London-based luxury shoe maker Jimmy Choo on Tuesday was positive. The stock gained more than 3 percent ahead of the opening bell, but by mid-morning the stock erased all of the gains and was lower by more...
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Michael Kors To Buy Jimmy Choo
Tuesday, July 25, 2017 - 7:11am | 594Read More...Luxury apparel and accessory maker Michael Kors Holdings Ltd (NYSE: KORS) confirmed early Tuesday morning it has agreed to buy the London-based and listed shoe company Jimmy Choo PLC. As part of the agreement, Michael Kors will pay Jimmy Choo's shareholders 230 pence per share, which values the...
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Luxury Retail Having An Exquisite Q3 Thus Far
Thursday, November 10, 2016 - 4:05pm | 583Read More...Luxury retailers are reporting better-than-expected quarterly earnings amid challenging retail landscape and tourism headwinds. Earnings of Kate Spade & Co (NYSE: KATE) and Ralph Lauren Corp (NYSE: RL) have topped the Street, while Coach Inc (NYSE: COH)’s earnings came in line. The Lux...
