Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
earnings-report
Financial Markets
Sales Growth at Hermès Picks up Pace in Third Quarter
Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.
Sales Growth at Hermès Picks up Pace in Third Quarter
Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.
Financial Markets
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Luxury
Michael Kors Lifts Revenue Forecast, Benefiting From Jimmy Choo
Second-quarter revenue rose 5.4 percent to $1.15 billion, marking the first increase in more than a year.
Michael Kors Lifts Revenue Forecast, Benefiting From Jimmy Choo
Second-quarter revenue rose 5.4 percent to $1.15 billion, marking the first increase in more than a year.
Retail
Michael Kors Hopes to Win Customers with Experiences
Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.
Michael Kors Hopes to Win Customers with Experiences
Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.
News & Analysis
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
Financial Markets
LVMH Trumps Third Quarter Forecast
Revenues grew 12 percent to €30.1 billion at the French conglomerate, despite the strengthening euro putting tourists off spending in many European destinations.
LVMH Trumps Third Quarter Forecast
Revenues grew 12 percent to €30.1 billion at the French conglomerate, despite the strengthening euro putting tourists off spending in many European destinations.
Financial Markets
Nike's Relies on China Sales Amidst US Slump
Nike's US business continued to sputter last quarter, putting extra pressure on overseas markets like China and Latin America to pick up the slack.
Nike's Relies on China Sales Amidst US Slump
Nike's US business continued to sputter last quarter, putting extra pressure on overseas markets like China and Latin America to pick up the slack.
Financial Markets
While Richemont Sales Beat Expectations, its Leadership Crisis Ensues
Georges Kern's successor has still not been named, suggesting outsiders may be reluctant to take on the challenging task of heading up the company's watchmaking division.
While Richemont Sales Beat Expectations, its Leadership Crisis Ensues
Georges Kern's successor has still not been named, suggesting outsiders may be reluctant to take on the challenging task of heading up the company's watchmaking division.
Financial Markets
Ahead of Michael Kors Takeover, Jimmy Choo's Profit Almost Triples
The luxury shoemaker reported its pre-tax profit for the half year hit £18.1 million, helped by its retail and licensing businesses, as well as demand for its men's offering.
Ahead of Michael Kors Takeover, Jimmy Choo's Profit Almost Triples
The luxury shoemaker reported its pre-tax profit for the half year hit £18.1 million, helped by its retail and licensing businesses, as well as demand for its men's offering.
Financial Markets
Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z
While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.
Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z
While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.
Financial Markets
J. Crew Names New CFO as Sales Drop Deepens
J. Crew’s total revenue fell 2 percent to $560.9 million for the quarter ended July 29, while sales at stores open at least a year declined 5 percent.
J. Crew Names New CFO as Sales Drop Deepens
J. Crew’s total revenue fell 2 percent to $560.9 million for the quarter ended July 29, while sales at stores open at least a year declined 5 percent.
Financial Markets
Chanel Sees Dip in Sales, Profits
Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.
Chanel Sees Dip in Sales, Profits
Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.
The News in Brief
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
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.
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.