Fri, Jul. 15, 12:00 PM
Mon, Jun. 20, 12:00 PM
Wed, Jun. 15, 12:00 PM
Wed, May 11, 12:49 PM
Wed, May 11, 10:04 AM
- A devastating F/X-ravaged report turned in by Fossil (FOSL -31.3%) and a general sense that U.S. consumer spending on apparel is weak (L Brands, Gap, Macy's) is taking a toll on some high-end retailers.
- Michael Kors (KORS -10.8%), Movado (MOV -7.6%), G-III Apparel (GIII -9.9%), Kate Spade (KATE -2.9%), PVH (PVH -5.6%), Ralph Lauren (RL -5.8%), Coach (COH -3.8%), and Luxottica (LUX -1.9%) are all spinning lower with anxiety over sales trends rising.
- Previously: Fossil crushed after sales and margins shrink (May 10)
- Previously: Specialty retail not looking so special to investors (May 11)
Wed, May 11, 9:12 AM
Tue, May 10, 5:37 PM
Tue, May 10, 4:23 PM
- Shares of Fossil (NASDAQ:FOSL) plummet after the company misses on Q1 earnings.
- Sales were down 7% even on a constant currency basis during the quarter.
- Revenue from watches was down 8% and the jewelry category saw a decline of 11%.
- Comparable sales were up in Europe, but not enough to offset considerable weakness in Asia and the Americas.
- Operating margin dropped sharply to 2.2% vs. 7.7% a year ago.
- Previously: Fossil misses by $0.03, misses on revenue (May 10)
- FOSL -21.87% AH to $31.33.
Wed, Feb. 17, 12:45 PM
Wed, Feb. 17, 9:14 AM
Tue, Feb. 16, 4:12 PM
Tue, Feb. 2, 10:21 AM
- Strength shown by Michael Kors (KORS +16.1%) in digital channels, Japan, and across much of Europe isn't going unnoticed in the apparel sector.
- G-III Apparel (GIII 1.4%), PVH Corp (PVH +3.2%), Vera Bradley (VRA +5%), Fossil (FOSL +1.8%), Lululemon (LULU +2.5%), Kate Spade (KATE +1.1%), and Movado (MOV +0.5%) are all higher on a day broad market averages are wilting.
- Previously: Michael Kors Holdings beats by $0.13, beats on revenue (Feb. 2)
- Previously: Michael Kors soars after earnings shine (Feb. 2)
Mon, Jan. 4, 11:45 AM| Mon, Jan. 4, 11:45 AM
Dec. 28, 2015, 5:29 PM
- Willis Group (NYSE:WSH) will replace Fossil (NASDAQ:FOSL) in the S&P 500 following the Jan. 4 close. Fossil will replace Towers Watson (TW - set to merge with Willis) in the S&P MidCap 400.
- Willis has risen to $48.70 after hours. Fossil, whose shares have cratered this year, hasn't yet moved after hours.
Dec. 18, 2015, 2:39 PM
Nov. 20, 2015, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Fossil Group, Inc. designs, markets and distributes consumer fashion accessories. Its products include men's and women's fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, shoes, soft accessories and clothing which are sold through department stores, specialty retail... More
Sector: Consumer Goods
Industry: Recreational Goods, Other
Country: United States
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