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Tapestry lifts annual forecasts as young shoppers snap up high-end Coach bags

Tapestry lifts annual forecasts as young shoppers snap up high-end Coach bags

By Danielle Kaye and Anuja Bharat Mistry Nov 5 (Reuters) - Tapestry raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.
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Ralph Lauren shares fall as quarterly revenue forecast disappoints

Ralph Lauren shares fall as quarterly revenue forecast disappoints

Nov 5 (Reuters) - Ralph Lauren forecast third-quarter revenue below Wall Street expectations on Thursday, sending its shares 7% lower in premarket trading, even as the company reported strong demand in North America and Asia and raised its annual outlook.
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Ralph Lauren raises outlook but shares slide as investors seek faster growth

Ralph Lauren raises outlook but shares slide as investors seek faster growth

By Neil J Kanatt and Danielle Kaye Nov 5 (Reuters) - Ralph Lauren forecast third-quarter revenue growth below Wall Street expectations on Thursday, sending its shares lower, even as the company reported strong demand in North America and Asia and raised its annual outlook.
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Expedia forecasts downbeat fourth-quarter revenue as geopolitical tensions weigh

Expedia forecasts downbeat fourth-quarter revenue as geopolitical tensions weigh

By Anshuman Tripathy Nov 4 (Reuters) - Online travel firm Expedia Group forecast fourth-quarter revenue largely below Wall Street expectations, as the industry struggles with the Middle East conflict and unrest in Europe, sending its shares down about 6% in extended trade.
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Tapestry Exceeds Q1 Projections, Raises Full-Year Guidance on Strong Coach Performance

Tapestry Exceeds Q1 Projections, Raises Full-Year Guidance on Strong Coach Performance

Tapestry Exceeds Q1 Projections, Raises Full-Year Guidance on Strong Coach Performance
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Tapestry Stock Rises After Exceeding Q1 Estimates and Raising Full-Year Guidance

Tapestry Stock Rises After Exceeding Q1 Estimates and Raising Full-Year Guidance

Tapestry Stock Rises After Exceeding Q1 Estimates and Raising Full-Year Guidance
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Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Nov 6 (Reuters) - Under Armour on Thursday flagged weakness across its portfolio, as the athletic apparel maker grapples with a challenging consumer environment and aggressive discounting by competitors clearing inventory.
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Kraft Heinz to divest North America coffee unit amid Cahillane's turnaround effort

Kraft Heinz to divest North America coffee unit amid Cahillane's turnaround effort

Nov 4 (Reuters) - Kraft Heinz said on Wednesday it would divest its North American coffee business in a deal that values the unit at $650 million, as CEO Steve Cahillane sharpens focus on its core packaged food and condiments.
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BMW takes second profit warning in stride as it ramps up cuts

BMW takes second profit warning in stride as it ramps up cuts

By Rachel More BERLIN, Nov 4 (Reuters) - Premium automaker BMW got a boost to shares on Wednesday despite slashing its financial targets for a second time this year and reporting a quarterly profit slump, as it accelerates job cuts and restructuring.
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Expedia shares slide as US-Iran war fallout prolongs pressure on travel firms

Expedia shares slide as US-Iran war fallout prolongs pressure on travel firms

By Nandan Mandayam and Anshuman Tripathy Nov 5 (Reuters) - Shares of Expedia Group tumbled nearly 13% on Thursday after the booking platform forecast earnings below estimates, joining travel companies from Hilton to Booking that continue to see the war in Iran scuttling demand.
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More drops for Nvidia and other AI chip stocks erase Wall Street's rally from the day before

More drops for Nvidia and other AI chip stocks erase Wall Street's rally from the day before

More drops for AI chip stocks are dragging the U.S. market lower, even as much of Wall Street rises following strong profit reports from AppLovin, Tapestry and other companies
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Tech selloff, defence weakness weigh on European shares

Tech selloff, defence weakness weigh on European shares

By Johann M Cherian and Avinash P Nov 5 (Reuters) - Losses in technology shares dragged the European benchmark stock index lower on Thursday as investors assessed the outlook for the sector following a Democratic sweep in the US midterm elections, while weakness in the defence sector exacerbated the