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
Financial Markets
Tiffany Sales Miss Estimates as Global Uncertainty Hurts Demand
Tiffany & Co. posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Tiffany Sales Miss Estimates as Global Uncertainty Hurts Demand
Tiffany & Co. posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Financial Markets
Express Misses 2Q Forecasts
Express Inc. reported fiscal second-quarter net income of $10.1 million.
Express Misses 2Q Forecasts
Express Inc. reported fiscal second-quarter net income of $10.1 million.
Financial Markets
Perry Ellis Reports 2Q Loss
Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Perry Ellis Reports 2Q Loss
Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Financial Markets
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
Coty Declines as Investors Wait for Post-P&G Deal Strategy
Coty Inc. shares fell the most in more than seven weeks after the company posted its second straight net loss and investors wait for more insight about its pending merger with Procter & Gamble Co.’s beauty brands.
News & Analysis
Claire’s Corners Bondholders With $800 Million Debt Swap Plan
Claire’s is turning to its creditors to help it avoid becoming the latest mall chain to succumb to a mountain of debt.
Claire’s Corners Bondholders With $800 Million Debt Swap Plan
Claire’s is turning to its creditors to help it avoid becoming the latest mall chain to succumb to a mountain of debt.
Financial Markets
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
JC Penney Reports Smaller Loss in 2Q as Sales Improve
JC Penney reported a smaller loss in the second quarter as the department store operator's sales improved, fuelled by such moves as bringing back appliances and refreshing other areas of the store.
Retail
Macy's to Shut 100 Stores and Invest Online
Macy's said it would close about 100 stores and boost investment in its online operations as it seeks to turn around its business after six quarters of falling sales.
Macy's to Shut 100 Stores and Invest Online
Macy's said it would close about 100 stores and boost investment in its online operations as it seeks to turn around its business after six quarters of falling sales.
Retail
Ralph Lauren Losing Battle for America’s Preppies
While the power of prep lives on, Ralph Lauren has lately ceded ground to newer competitors that have added twists to the old look.
Ralph Lauren Losing Battle for America’s Preppies
While the power of prep lives on, Ralph Lauren has lately ceded ground to newer competitors that have added twists to the old look.
News & Analysis
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Financial Markets
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Financial Markets
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Financial Markets
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
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.