Jefferies lifts Tapestry to Buy on better sales growth, gross margin outlook

Jefferies upgraded Tapestry (TPR) stock to Buy, raising the price target to $80, driven by sales growth and strong margin potential, particularly from Coach brand performance.

Capri reportedly exploring sale of its Versace, Jimmy Choo brands; shares jump

Capri Holdings considers selling Versace and Jimmy Choo, working with Barclays to attract buyers amid stock drops post-botched Tapestry deal, exploring strategic alternatives.

China's Instagram-like Xiaohongshu making inroads with e-commerce sales

Chinese influencer Tera Feng gains popularity for her lifestyle content, leveraging Xiaohongshu's platform for successful livestream sales, attracting high-end brands despite the challenging retail landscape.

Tapestry outlook moved up to stable at S&P after Capri deal ends

Tapestry's outlook improved to stable by S&P following the termination of its merger, with expected steady sales and strong EBITDA margins amid significant debt redemption and share repurchases.

Black Friday 2024: here are the winners and losers according to BMO

Retailers' Black Friday results varied, with strong demand for some brands, while others struggled. Overall, online spending reached new heights despite economic concerns.

After notching EIGHT 20%+ wins in Nov, here are our AI's top picks for December

Factbox-US executives weigh risks from proposed Trump tariffs

Walmart, other US companies raise concerns over proposed Trump tariffs

Corporate executives express caution over Donald Trump's proposed tariffs on imports, highlighting potential inflation impacts and strategy shifts in supply chains, particularly away from China.

Factbox-US deals blocked by regulators or facing intense scrutiny

Tapestry abandons a bid for Capri following regulatory interventions, highlighting a growing scrutiny on various high-profile deals, including mergers and acquisitions facing legal challenges.

Tapestry halts Capri merger efforts, shares pop