Rogaine Rides GLP-1 Wave With 30% Sales Surge
The decades-old hair-loss remedy is unexpectedly booming from more people taking GLP-1 weight-loss drugs.
earnings-report
Financial Markets
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
Financial Markets
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
Financial Markets
Nordstrom Plunges on Lower Forecast, Adding to Retail Woes
Nordstrom Inc. fell as much as 16 percent in late trading after cutting its annual forecast, adding to evidence that the department-store industry is mired in a deep slump.
Financial Markets
Zalando Invests in Tech, Cool Spring Leads to Profit Tumble
Zalando reported a 30 percent fall in first-quarter profit hurt by a cool start to spring and stepped up investment in technology by buying software firm Tradebyte to help digitalise stock in warehouses.
Financial Markets
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Financial Markets
Inter Parfums Misses Q1 Profit Forecasts
Inter Parfums Inc. has reported first-quarter net income of $7.3 million.
Financial Markets
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
Financial Markets
Italy's Moncler First Quarter Sales Rise More Than Expected
Moncler has reported a stronger-than-expected 18 percent rise in first quarter sales, boosted by a good performance in China and Japan and strong wholesales in the United States.
Financial Markets
Gap Plummets After Comeback Plan Fails to Revive Sales Growth
Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.
Financial Markets
Cosmetics Maker Avon Posts Surprise Loss
Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China.
Financial Markets
Fitbit Shares Slide as Profit Forecast Misses Estimates
Fitbit Inc. shares plunged in extended trading after the maker of wearable fitness trackers gave a profit forecast that fell short of the lowest analysts’ estimates.
Technology
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
The News in Brief
Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.