Fossil Inc's quarterly results breezed past analysts' estimates for the eighth straight quarter, helped by strong global watch sales. Fossil, which sells private-label products at mass-market retailers such as Wal-Mart Stores Inc.
France-based luxury conglomerate LVMH, through its unit L Capital, is set to acquire a significant minority stake in Gitanjali Gems' proposed unit that will control the Indian firm's branded jewellery and retail businesses.
Hibbett Sports Inc cut its fourth-quarter earnings outlook on slow January sales. "After a strong start to the quarter, we were disappointed with comparable store sales in the latter half of January," Chief Executive Jeff Rosenthal said in a statement.
Polo Ralph Lauren Corp said momentum from a strong holiday season should continue in the current quarter and it has been able to charge full price for more of its high-end clothing, helping push its shares to an all-time high.