Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
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Financial Markets
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Financial Markets
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Financial Markets
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Financial Markets
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Beauty
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Financial Markets
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
Financial Markets
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Financial Markets
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Financial Markets
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Financial Markets
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Beauty
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Financial Markets
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.