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.
earnings-report
Financial Markets
Inditex Reports Slowdown in Sales, Weaker Profitability
The Zara owner reported its weakest profitability in a decade, showing that it isn’t immune to the troubles ailing Swedish rival H&M.
Inditex Reports Slowdown in Sales, Weaker Profitability
The Zara owner reported its weakest profitability in a decade, showing that it isn’t immune to the troubles ailing Swedish rival H&M.
Financial Markets
Dick's Is Tumbling and Its Woes Have Nothing to Do With Guns
Profit, revenue and same-store sales all missed projections.
Dick's Is Tumbling and Its Woes Have Nothing to Do With Guns
Profit, revenue and same-store sales all missed projections.
Financial Markets
Furla Revenues to Surpass €500 Million in 2018
The Italian handbag maker’s turnover grew 20 percent last year, fuelled by strong demand in the Asia-Pacific region and its digital investments.
Furla Revenues to Surpass €500 Million in 2018
The Italian handbag maker’s turnover grew 20 percent last year, fuelled by strong demand in the Asia-Pacific region and its digital investments.
Financial Markets
Prada Sees Growth Ahead Despite Profit Drop
Despite the declines, chief executive Patrizio Bertelli expressed confidence the Italian luxury-goods brand would return to growth.
Prada Sees Growth Ahead Despite Profit Drop
Despite the declines, chief executive Patrizio Bertelli expressed confidence the Italian luxury-goods brand would return to growth.
Financial Markets
Yoox Net-A-Porter on Track to Meet Five-Year Plan Target
YNAP's core profit margins are forecast to rise by 30 to 70 basis points in 2018, with the online luxury retailer boosted by mobile sales and those in the Middle East.
Yoox Net-A-Porter on Track to Meet Five-Year Plan Target
YNAP's core profit margins are forecast to rise by 30 to 70 basis points in 2018, with the online luxury retailer boosted by mobile sales and those in the Middle East.
Financial Markets
Target’s Turnaround Plan Takes a Toll on Profit
The retailer is spending more on delivering online orders as part of its push to catch up in e-commerce.
Target’s Turnaround Plan Takes a Toll on Profit
The retailer is spending more on delivering online orders as part of its push to catch up in e-commerce.
Retail
Nordstrom's Weaker Profit Clouds Comeback Plan
Though sales grew faster than expected last quarter, the results spotlighted the challenges in Nordstrom’s turnaround plan.
Nordstrom's Weaker Profit Clouds Comeback Plan
Though sales grew faster than expected last quarter, the results spotlighted the challenges in Nordstrom’s turnaround plan.
Financial Markets
Gap Jumps as Old Navy Fuels Optimism for Faster Rebound
Banana Republic and the Gap brand also outpaced estimates.
Gap Jumps as Old Navy Fuels Optimism for Faster Rebound
Banana Republic and the Gap brand also outpaced estimates.
Financial Markets
Moncler Sales Rose 15 Percent in 2017
The Italian luxury outerwear maker said it foresaw further growth in 2018, after posting a rise in revenue last year and launching a new product strategy based on faster-paced collections.
Moncler Sales Rose 15 Percent in 2017
The Italian luxury outerwear maker said it foresaw further growth in 2018, after posting a rise in revenue last year and launching a new product strategy based on faster-paced collections.
Technology
Fossil Soars as Wearables, E-Commerce Fuels Sales
Sales of wearable devices nearly doubled last year to more than $300 million and now account for 14 percent of Fossil's watch revenue.
Fossil Soars as Wearables, E-Commerce Fuels Sales
Sales of wearable devices nearly doubled last year to more than $300 million and now account for 14 percent of Fossil's watch revenue.
Financial Markets
Under Armour's Global Push Helps Ease Slump at Home
The athletic-wear company reported fourth-quarter revenue that topped projections, led by a 47 percent increase in sales outside North America.
Under Armour's Global Push Helps Ease Slump at Home
The athletic-wear company reported fourth-quarter revenue that topped projections, led by a 47 percent increase in sales outside North America.
Financial Markets
Gucci Boosts Kering's Fourth-Quarter Sales Growth
Kering is enjoying its most profitable year on record, as Gucci closed out 2017 with another quarter of runaway growth.
Gucci Boosts Kering's Fourth-Quarter Sales Growth
Kering is enjoying its most profitable year on record, as Gucci closed out 2017 with another quarter of runaway growth.
The News in Brief
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.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.