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.
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
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.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.