<< Read Full Article
<< Read Full Article
Expecting a rebound for luxury retailers? Yeah, you might want to reconsider that position.
The sector is the weakest among retailers. On Wednesday privately-held Neiman Marcus said it swung to a loss in the third quarter of $3.1 million, compared with a profit of $55.4 million in the prior year. Revenue fell to $810.1 million from $1.06 billion.
Last month, Polo Ralph Lauren(RL Quote) reported that profit in the fourth quarter was more than halved on increased discounts, and Tiffany & Co.(TIF Quote) earnings plunged 62% in its first quarter. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
|
|
DOWN
18.90
|
UP
0.38
|
UP
9.22
|
UP
0.48
|
10 Yr
3.32%
SPDR Gold
119.18
|
|
-0.18%
|
+0.03%
|
+0.42%
|
+1.47%
|
Data delayed 20 minutes |
Connect with TheStreet