The News In Brief
US Consumer Sentiment Declines to Near Lowest on Record
The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022 reading of 50 that was the weakest in University of Michigan data back to 1978.
US Consumer Sentiment Declines to Near Lowest on Record
The preliminary November sentiment index dropped 3.3 points to 50.3, just above a June 2022 reading of 50 that was the weakest in University of Michigan data back to 1978.
French Government Defends Poste Agreement With China’s Temu
France’s commerce minister defended a deal between the state-owned postal service and the Chinese e-commerce site, despite criticism regarding Temu’s impact on French industry and the environment.
French Government Defends Poste Agreement With China’s Temu
France’s commerce minister defended a deal between the state-owned postal service and the Chinese e-commerce site, despite criticism regarding Temu’s impact on French industry and the environment.
Shinola’s Newly Appointed President Will No Longer Assume the Role
Ulrich Wohn, who was announced as the new president of the Detroit-based company earlier this week, will not move forward in the job due to a “highly urgent personal matter.”
Shinola’s Newly Appointed President Will No Longer Assume the Role
Ulrich Wohn, who was announced as the new president of the Detroit-based company earlier this week, will not move forward in the job due to a “highly urgent personal matter.”
Hydrafacial Owner Tops Financial Guidance, Despite Slowing Device Sales
Under a new CEO, the Beauty Health Company exceeded financial guidance despite cooling demand for its flagship device brand.
Hydrafacial Owner Tops Financial Guidance, Despite Slowing Device Sales
Under a new CEO, the Beauty Health Company exceeded financial guidance despite cooling demand for its flagship device brand.
Peloton Overhaul Outlook Tops Estimates
Peloton shares rose as much as 12 precent after it shared a stronger-than-anticipated holiday quarter forecast, as it aims to reposition itself as a holistic wellness brand and regain profitability.
Peloton Overhaul Outlook Tops Estimates
Peloton shares rose as much as 12 precent after it shared a stronger-than-anticipated holiday quarter forecast, as it aims to reposition itself as a holistic wellness brand and regain profitability.
Thirteen Lune’s Legal Battle Comes to an End
The inclusive-centered beauty retailer and its founder Nyakio Grieco have been removed as defendants in a lawsuit brought by investors.
Thirteen Lune’s Legal Battle Comes to an End
The inclusive-centered beauty retailer and its founder Nyakio Grieco have been removed as defendants in a lawsuit brought by investors.
Under Armour Forecasts Annual Sales, Profit Below Estimates; Announces CFO Change
The sportswear brand projected full-year revenue and profit below analysts' estimates due to declining demand, increased tariff costs, and cautious consumer spending.
Under Armour Forecasts Annual Sales, Profit Below Estimates; Announces CFO Change
The sportswear brand projected full-year revenue and profit below analysts' estimates due to declining demand, increased tariff costs, and cautious consumer spending.
US Holiday Sales Set to Top $1 Trillion for the First Time, NRF Forecasts
Growth is still anticipated to be slower than the previous year due to macroeconomic pressures affecting consumer spending.
US Holiday Sales Set to Top $1 Trillion for the First Time, NRF Forecasts
Growth is still anticipated to be slower than the previous year due to macroeconomic pressures affecting consumer spending.
Ralph Lauren Raises Annual Revenue Target on Strong Demand
The brand is benefitting from its affordable luxury positioning, celebrity endorsements and growth in key markets like North America, Europe and China.
Ralph Lauren Raises Annual Revenue Target on Strong Demand
The brand is benefitting from its affordable luxury positioning, celebrity endorsements and growth in key markets like North America, Europe and China.
Warby Parker’s Revenue, Profits Soar in Third Quarter
The eyewear maker’s net income more than tripled to $6 million during the period despite increased marketing spend as retail expansion continues to drive the business. But the brand lowered full-year revenue guidance amid ongoing macroeconomic uncertainty.
Warby Parker’s Revenue, Profits Soar in Third Quarter
The eyewear maker’s net income more than tripled to $6 million during the period despite increased marketing spend as retail expansion continues to drive the business. But the brand lowered full-year revenue guidance amid ongoing macroeconomic uncertainty.
Olaplex Sales Drop But Beat Expectations
The hair care giant saw sales dip 3.8 percent, beating Wall Street and its own estimates, as professional sales rebounded and new launches proved popular.
Olaplex Sales Drop But Beat Expectations
The hair care giant saw sales dip 3.8 percent, beating Wall Street and its own estimates, as professional sales rebounded and new launches proved popular.
Tapestry Lifts Outlook After Coach Drives Quarterly Beat
Tapestry Inc. raised its full-year outlook after quarterly earnings beat expectations, with Coach fuelling growth despite a more cautious shopper.
Tapestry Lifts Outlook After Coach Drives Quarterly Beat
Tapestry Inc. raised its full-year outlook after quarterly earnings beat expectations, with Coach fuelling growth despite a more cautious shopper.