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The Business of Fashion

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Financial Markets

YNAP Sales Hit €1 Billion as Mobile Grows

The online luxury retailer Yoox Net-a-Porter reported first-half earnings that beat estimates as the company’s mobile platform grew to account for more than half of sales.

Financial Markets

Gucci Isn't the Only Brand Fuelling Growth at Kering

The luxury conglomerate's growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent.

Financial Markets

LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds

Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday.

Financial Markets

Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent

The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.

Financial Markets

Burberry Sales Beat Estimates as CEO Gobbetti Takes Over

Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.

Financial Markets

Sales Slump at Victoria's Secret Owner L Brands

Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.

Financial Markets

Guess Reports First-Quarter Loss

Guess shares have fallen 18 percent since the beginning of the year and on Wednesday reported a loss of $21.3 million in its fiscal first quarter.

Financial Markets

Calvin Klein and Tommy Hilfiger Owner PVH Beats First-Quarter Forecasts

The New York-based company posted revenue of $1.99 billion in the period.

Luxury

Ralph Lauren Reports $204 Million Loss in Fourth Quarter

Ralph Lauren has been struggling to turnaround sales due to sluggish spending on apparel and accessories. The company's margins have taken a hit as competition in the industry has stiffened.

Luxury

Op-Ed | Burberry Needs a Creative Cure

While Burberry reported it generated cash of $897.6 million for the year ended March 31, there is little to console investors elsewhere in the business as it still has a mountain to climb to make itself a millennial must-have.

Luxury

Burberry Profit Falls 21 Percent Ahead of New CEO Arrival

The company reported its full year pre-tax profit dropped to $599 million, on an underlying basis, underscoring the challenge that faces Marco Gobbetti when he becomes CEO in July.

Financial Markets

Victoria's Secret Owner L Brands Tops First Quarter Forecasts

L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $94.1 million.

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