Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
Earnings Forecast
Latest News & Analysis
China
Travel Retail Is in Trouble. How Bad Will It Get?
As the coronavirus outbreak intensifies, Chinese outbound tourism comes to a standstill and retailers begin to assess the damage to business beyond China.
Travel Retail Is in Trouble. How Bad Will It Get?
As the coronavirus outbreak intensifies, Chinese outbound tourism comes to a standstill and retailers begin to assess the damage to business beyond China.
Retail
Canada Goose Sees Hit to 2020 Profit and Sales from Coronavirus
The outerwear brand generates about a fifth of its revenue from Asia.
Canada Goose Sees Hit to 2020 Profit and Sales from Coronavirus
The outerwear brand generates about a fifth of its revenue from Asia.
News & Analysis
Italy's Fashion Industry Expects Growth to Stall, Before Rebounding
Amid trade war tensions, Brexit and Hong Kong protests, the Italian fashion industry's revenue growth is slowing.
Italy's Fashion Industry Expects Growth to Stall, Before Rebounding
Amid trade war tensions, Brexit and Hong Kong protests, the Italian fashion industry's revenue growth is slowing.
News & Analysis
Calvin Klein Owner PVH Cuts Full-Year Profit, Revenue Forecast
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
Calvin Klein Owner PVH Cuts Full-Year Profit, Revenue Forecast
The parent company of Calvin Klein expects US tariffs on Chinese goods to cut earnings by about 20 cents and hit full-year revenue by the end of 2019.
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Financial Markets
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Retail
Abercrombie & Fitch Shares Dive 18% Due To Slowing Sales Growth
The company has decided to close three flagship stores, including a Hollister store in New York's SoHo area.
Abercrombie & Fitch Shares Dive 18% Due To Slowing Sales Growth
The company has decided to close three flagship stores, including a Hollister store in New York's SoHo area.
News & Analysis
Higher Spending Dampens Forecast for Michael Kors Owner Capri
The company, which is banking on the popularity of Jimmy Choo and Versace to offset weakness at Michael Kors, has been investing in new stores, event sponsorships and promotional contracts with movie stars.
Higher Spending Dampens Forecast for Michael Kors Owner Capri
The company, which is banking on the popularity of Jimmy Choo and Versace to offset weakness at Michael Kors, has been investing in new stores, event sponsorships and promotional contracts with movie stars.
Financial Markets
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
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Retail
Zalando Slashes Guidance Again
Europe's biggest pure online fashion retailer said the unusually hot summer weighed on revenue growth and earnings.
Zalando Slashes Guidance Again
Europe's biggest pure online fashion retailer said the unusually hot summer weighed on revenue growth and earnings.
Beauty
Luxury Shudders as China's Tech Sector Stumbles
This week, everyone will be talking about China's troubled tech sector, indie beauty brands and retail earnings. Read our BoF Professional Cheat Sheet.
Luxury Shudders as China's Tech Sector Stumbles
This week, everyone will be talking about China's troubled tech sector, indie beauty brands and retail earnings. Read our BoF Professional Cheat Sheet.
News & Analysis
Jimmy Choo Sales Help Michael Kors Beat Estimates
The boost prompted the company to raise its full-year earnings forecast.
Jimmy Choo Sales Help Michael Kors Beat Estimates
The boost prompted the company to raise its full-year earnings forecast.
Financial Markets
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.