British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
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Retail
Gap Shares Drop as Dismal Store Traffic Drags Down July Sales
Gap fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year.
Gap Shares Drop as Dismal Store Traffic Drags Down July Sales
Gap fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year.
News & Analysis
Shiseido Cuts Forecasts as Stronger Yen and Acquisition Costs Drag Profit
Shiseido lowered its full-year net income forecast 13 percent, missing analysts estimates, as a stronger yen and the costs of its recent acquisitions dragged on profit.
Shiseido Cuts Forecasts as Stronger Yen and Acquisition Costs Drag Profit
Shiseido lowered its full-year net income forecast 13 percent, missing analysts estimates, as a stronger yen and the costs of its recent acquisitions dragged on profit.
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
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Financial Markets
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Financial Markets
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Retail
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.
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.
Financial Markets
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Financial Markets
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Financial Markets
Oxford Industries Misses Street 1Q Forecasts
The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $256.2 million falling short of Street forecasts.
Oxford Industries Misses Street 1Q Forecasts
The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $256.2 million falling short of Street forecasts.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
The News in Brief
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.
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.