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
Urban Outfitters Misses First Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal first-quarter earnings of $11.9 million.
Urban Outfitters Misses First Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal first-quarter earnings of $11.9 million.
Luxury
The New Retail
This week, LVMH confirmed the launch of 24 Sèvres, its long-awaited return to multi-brand e-commerce. But the once-distinct worlds of online and offline retail are converging, giving birth to a new retail reality.
The New Retail
This week, LVMH confirmed the launch of 24 Sèvres, its long-awaited return to multi-brand e-commerce. But the once-distinct worlds of online and offline retail are converging, giving birth to a new retail reality.
Retail
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Luxury
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Luxury
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Luxury
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Retail
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Financial Markets
Snap Shares Tumble After New Users and Sales Growth Slow
The company's social media app added fewer users than projected in the first quarter, a sign that it may have trouble expanding its audience as social-media giant Facebook copies its most popular features.
Snap Shares Tumble After New Users and Sales Growth Slow
The company's social media app added fewer users than projected in the first quarter, a sign that it may have trouble expanding its audience as social-media giant Facebook copies its most popular features.
Financial Markets
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Financial Markets
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Financial Markets
Estée Lauder Tops Third Quarter Forecasts
The luxury beauty conglomerate posted revenue of $2.86 billion in the period, which also beat Street forecasts.
Estée Lauder Tops Third Quarter Forecasts
The luxury beauty conglomerate posted revenue of $2.86 billion in the period, which also beat Street forecasts.
Financial Markets
Coach Tops Third Quarter Profit Forecasts
Coach Inc on Tuesday reported fiscal third-quarter profit of $122.2 million.
Coach Tops Third Quarter Profit Forecasts
Coach Inc on Tuesday reported fiscal third-quarter profit of $122.2 million.
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.