Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
business-slowdown
Financial Markets
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
News & Analysis
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Financial Markets
Aeropostale Reports 1Q Loss
Aeropostale has reported a loss of $58.4 million in its fiscal first quarter.
Aeropostale Reports 1Q Loss
Aeropostale has reported a loss of $58.4 million in its fiscal first quarter.
Retail
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Technology
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
News & Analysis
Nike Shares Drop After Orders Spark Concerns About Slowdown
Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.
Nike Shares Drop After Orders Spark Concerns About Slowdown
Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.
Financial Markets
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
China
Short Interest in JD.com Rises to Record as Stock Slumps
Investors are more bearish than ever on JD.com, even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth.
Short Interest in JD.com Rises to Record as Stock Slumps
Investors are more bearish than ever on JD.com, even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth.
News & Analysis
Neiman Marcus' Same-Store Sales Fall Amid Apparel Slowdown
US luxury fashion retailer Neiman Marcus Group Ltd reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
Neiman Marcus' Same-Store Sales Fall Amid Apparel Slowdown
US luxury fashion retailer Neiman Marcus Group Ltd reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
News & Analysis
Urban Outfitters Declines After Warning of Sales Slide
Urban Outfitters Inc. suffered its worst stock decline in almost seven months after warning of a sales decrease this quarter, renewing concerns about a slowdown at the retail chain.
Urban Outfitters Declines After Warning of Sales Slide
Urban Outfitters Inc. suffered its worst stock decline in almost seven months after warning of a sales decrease this quarter, renewing concerns about a slowdown at the retail chain.
Financial Markets
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
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.”
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.