Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
business-slowdown
Beauty
Coty Misses First-Quarter Forecasts
The beauty products company posted revenue of $1.08 billion in the period.
Coty Misses First-Quarter Forecasts
The beauty products company posted revenue of $1.08 billion in the period.
Financial Markets
Burberry First-Half Profit Drops as Asia Weighs on Luxury Maker
Adjusted pretax profit fell 4 percent to £146 million ($182 million) in the six months through September.
Burberry First-Half Profit Drops as Asia Weighs on Luxury Maker
Adjusted pretax profit fell 4 percent to £146 million ($182 million) in the six months through September.
Financial Markets
HSN Misses Third-Quarter Profit Forecasts
The home shopping network operator posted revenue of $823 million in the period.
HSN Misses Third-Quarter Profit Forecasts
The home shopping network operator posted revenue of $823 million in the period.
Retail
Sears, Claire’s at High Risk in Fitch Study of Retail Failures
Sears Holdings, Claire’s Stores and Nine West Holdings are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences.
Sears, Claire’s at High Risk in Fitch Study of Retail Failures
Sears Holdings, Claire’s Stores and Nine West Holdings are among seven chains at high risk of defaulting within a year as shoppers shift to online merchants and spend more on experiences.
Retail
Ann Taylor Owner Falls as Slowing Traffic Prompts Weak Forecast
Ascena Retail, owner of the Ann Taylor, Maurices and Lane Bryant women’s clothing chains, fell as much as 24 percent in early trading after forecasting that weak traffic to its stores will continue to weigh on earnings.
Ann Taylor Owner Falls as Slowing Traffic Prompts Weak Forecast
Ascena Retail, owner of the Ann Taylor, Maurices and Lane Bryant women’s clothing chains, fell as much as 24 percent in early trading after forecasting that weak traffic to its stores will continue to weigh on earnings.
Financial Markets
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Retail
J. Crew Sales Tumble as Preppy Chain Struggles With Slow Traffic
J. Crew Group Inc.’s sales tumbled last quarter after the preppy-apparel chain struggled to win back customers and pull out of a two-year slump.
J. Crew Sales Tumble as Preppy Chain Struggles With Slow Traffic
J. Crew Group Inc.’s sales tumbled last quarter after the preppy-apparel chain struggled to win back customers and pull out of a two-year slump.
Retail
Sycamore’s Nine West Shoe Chain Trips Over Rising Debt Hurdle
Nine West, the footwear chain owned by Sycamore Partners LLC, is stumbling toward a financial reckoning as shifting fashions and weak earnings leave the company mired in debt.
Sycamore’s Nine West Shoe Chain Trips Over Rising Debt Hurdle
Nine West, the footwear chain owned by Sycamore Partners LLC, is stumbling toward a financial reckoning as shifting fashions and weak earnings leave the company mired in debt.
Financial Markets
Abercrombie Falls After Tourism Pullback Weighs on Results
Abercrombie & Fitch fell as much as 18 percent after slow sales at flagship locations weighed on its latest results and outlook, sparking concerns that its turnaround is sputtering.
Abercrombie Falls After Tourism Pullback Weighs on Results
Abercrombie & Fitch fell as much as 18 percent after slow sales at flagship locations weighed on its latest results and outlook, sparking concerns that its turnaround is sputtering.
Financial Markets
G-III Apparel Reports 2Q Loss
G-III Apparel reported a fiscal second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.
G-III Apparel Reports 2Q Loss
G-III Apparel reported a fiscal second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.
Financial Markets
Prada Sales Slide on Weak Demand
Prada SpA reported the first decline in opening-half sales since its 2011 listing as weak demand in China and terrorist attacks in Europe weighed on the Italian luxury-goods maker.
Prada Sales Slide on Weak Demand
Prada SpA reported the first decline in opening-half sales since its 2011 listing as weak demand in China and terrorist attacks in Europe weighed on the Italian luxury-goods maker.
Financial Markets
Signet Misses Second Quarter Forecasts
Signet Jewellers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million.
Signet Misses Second Quarter Forecasts
Signet Jewellers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million.
The News in Brief
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.