Zalando Launches AI Shopping Agent as Discounts Squeeze Margins
Zalando reported a 0.9 percentage-point drop in its third-quarter gross profit margin to 38.7%, missing market expectations, according to analysts at Jefferies and JPMorgan.
earnings-report
Financial Markets
Crocs Reports Third-Quarter Loss
Crocs Inc. on Wednesday reported a loss of $1.5 million in its third quarter.
Beauty
Coty Misses First-Quarter Forecasts
The beauty products company posted revenue of $1.08 billion in the period.
Financial Markets
Burberry First-Half Profit Drops as Asia Weighs on Luxury Maker
Adjusted pretax profit fell 4 percent to £146 million ($182 million) in the six months through September.
Financial Markets
HSN Misses Third-Quarter Profit Forecasts
The home shopping network operator posted revenue of $823 million in the period.
Technology
Fitbit Plunges on Lower Forecast From Stiffening Competition
Fitbit Inc. lost almost a third of its market value in late trading.
Financial Markets
Coach Forecast Signals Turnaround On Track
Coach rose 0.6 percent to $36.10 in early trading in New York. The shares had increased 9.7 percent this year.
Financial Markets
EBay Tops Third-Quarter Forecasts
EBay Inc. reported third-quarter profit of $413 million and revenue of $2.22 billion.
Retail
H&M Third Quarter Earnings Miss Estimates on Discounts
Warmer-than-usual weather early this autumn has weighed on European retailers as consumers delay purchases of warmer outfits.
Financial Markets
Rocket Internet Shares Fall After Writing Down Value of Global Fashion Group
Rocket Internet shares fell the most in more than four months after a writedown of the value of online retailer Global Fashion Group contributed to a a first-half loss of €617 million ($690 million) at the startup factory.
Financial Markets
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Financial Markets
Shoe Carnival Posts 2Q Profit
Shoe Carnival Inc. reported fiscal second-quarter profit of $4.1 million.
Financial Markets
Chico's Beats 2Q Profit Forecasts
Chico's FAS reported fiscal second-quarter net income of $23 million.
The News in Brief
Unilever Plans €1 Billion in Savings to Ramp Up Turnaround
The conglomerate is focussed on sharpening its positioning as a pure-play beauty and personal care organisation.
Indian Jeweller Giva Raises $100 Million to Fuel Retail Expansion
The Bengaluru-based company plans to use the mammoth funding round to boost manufacturing and more than double its store count to over 1,000 locations.
Bangladesh Garment Workers Stage Fourth Day of Wage Protests
The unrest has intensified despite the government forming a wage board to review pay levels, with violent clashes shuttering factories and injuring dozens of people.
Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.