Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
earnings-forecast
News & Analysis
Gap Raises Fourth-Quarter Earnings Outlook on Better Sales
By division, Gap's namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain. Banana Republic posted a 3 percent decline.
Gap Raises Fourth-Quarter Earnings Outlook on Better Sales
By division, Gap's namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain. Banana Republic posted a 3 percent decline.
Financial Markets
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Retail
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Financial Markets
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Retail
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Retail
Macy's to Cut More Than 10,000 Jobs and Close 68 Stores
Overall, Macy's said, the job reductions represent about 7 percent of its workforce.
Macy's to Cut More Than 10,000 Jobs and Close 68 Stores
Overall, Macy's said, the job reductions represent about 7 percent of its workforce.
Retail
Next Lowers Profit Forecast and Warns of Difficult Year Ahead
Next forecast pretax profit for the following fiscal year in a range of £680 million to £780 million, below estimates of about £784 million.
Next Lowers Profit Forecast and Warns of Difficult Year Ahead
Next forecast pretax profit for the following fiscal year in a range of £680 million to £780 million, below estimates of about £784 million.
News & Analysis
Zalando Raises Full-Year Forecast After Third-Quarter Profit
Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement.
Zalando Raises Full-Year Forecast After Third-Quarter Profit
Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement.
Financial Markets
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Retail
Target Cuts Outlook as it Sees Fewer Customers in Stores
Target cut its profit forecast and a key sales outlook as it saw fewer customers in its stores, acknowledging it didn't push the second part of its 'Expect More, Pay Less' slogan.
Target Cuts Outlook as it Sees Fewer Customers in Stores
Target cut its profit forecast and a key sales outlook as it saw fewer customers in its stores, acknowledging it didn't push the second part of its 'Expect More, Pay Less' slogan.
Financial Markets
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Financial Markets
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
The News in Brief
Hermès Sales Climb, Boosted By US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
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.