Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
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Financial Markets
What’s Driving Aeffe’s Surge?
The Italian fashion and luxury group’s profits grew 144 percent in the first nine months of 2017. BoF uncovers the secrets to its success.
Retail
J. Crew's Sales Plummet, Overshadowing Growth at Madewell Brand
The company has made progress cutting expenses and boosting margins and expects to close 50 stores this year.
Financial Markets
Neiman Marcus Sees Key Sales Figure Rise for First Time in Two Years
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
Financial Markets
Urban Outfitters Beats Wall Street Forecasts
The parent company of Urban Outfitters and Anthropologie posted revenue of $892.8 million in the third quarter.
Financial Markets
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
Financial Markets
Gap’s Old Navy Boosts Hopes for Turnaround
Gap Inc posted third-quarter earnings that topped analysts’ estimates as comparable sales grew at both the flagship brand — the first time in 15 quarters — and value-focused Old Navy.
Retail
Wal-Mart Growth Hits Post-Recession High as It Chases Amazon
The world’s biggest retailer has now delivered 13 consecutive quarters of sales growth in its home market, helped by price cuts, cleaner stores and an aggressive push online.
Financial Markets
L Brands Meets Third Quarter Profit Forecasts
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.62 billion in the period, which beat Wall Street forecasts.
Financial Markets
Farfetch Sales Jump in Road to Potential IPO
Revenues and gross profits at the fashion-tech giant grew by 74 percent each in 2016, as significant investments in China and other emerging markets come to fruition. Will it earn that reported $5 billion valuation?
Financial Markets
Macy's Sales Disappoint but Chain Remains Optimistic Ahead of Holidays
The season marks a crossroads for the largest US department-store chain, which is trying to get back on its feet after three punishing years.
Financial Markets
Adidas Outruns Rival Nike Even as Revenue Growth Rate Slows
Revenue increased by 8.7 percent, less than half the growth rate in the previous quarter, and operating profit advanced 35 percent to €795 million.
The News in Brief
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
Indian Fashion Retailer Trent Jumps as Quarterly Profits, Sales Rise
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Textured Haircare Brand The Mane Choice Names New CEO
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.
APR Corp’s Quarterly Revenue Doubles on Skincare, Overseas Growth
The Korean firm and Medicube owner reported third quarter revenue growth of over 100 percent, mostly attributed to the expansion of its skincare range into new markets, channels and product categories.
Swan Beauty Names Chief Makeup Artist in Residence
Celebrity-makeup artist Ash K. Holm will join the “smart” mirror brand for a year-long partnership focusing on guidance and education.