Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
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
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.
Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.
London’s Liberty Doubles Fabric Section as Sewing Booms
The department store has more than doubled the size of its fabrics department and will host crafting classes this autumn as social media drives a surge in activities like sewing.