Facebook and Apple were popular 4Q purchases for billionaires Warren Buffett and Barry Rosenstein, 13 F filings show.
An analyst recommends buying the brands themselves rather than traditional brick & mortar retailers.
Michael Kors and Ralph Lauren beat on earnings but peaked in price, while Movado and Tiffany prepare their earnings for mid-March.
Michael Kors' acquisition of Jimmy Choo provides further signs of consolidation throughout the struggling luxury fashion sector.
High-end fashion struggles to regain footing amid the backdrop of a disrupted global retail space.
Coach's shopping spree was well-planned. Could slowdown in the handbag industry lead to more consolidation?
The NYC-based apparel and handbag company missed the Street's expectations by a long shot in Q1.
Sources indicate that given a deal manages to get through, it would likely value the U.S apparel and handbag company below a $2.9 billion valuation.
Michael Kors has expanded its Access lineup of smartwatches. The Access group of smartwatches was the company's second best-selling product line last quarter.
The parka power's IPO opened up more than 40 percent, but shares are retreating mid-morning.