John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
earnings-report
Financial Markets
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
Kering Misses Estimates, YSL Still Star Performer
Kering SA reported first-quarter revenue that trailed analysts’ estimates as slowing tourism flows weighed on demand in Europe.
Financial Markets
Under Armour's Quarterly Revenue Jumps 30 percent
Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Under Armour's Quarterly Revenue Jumps 30 percent
Under Armour Inc posted a 30 percent jump in quarterly revenue, helped by strong demand for its sports apparel and launches of new running and basketball shoes.
Financial Markets
L'Oreal Sales Rise 1.8 Percent as Developed Markets Hold Up
French cosmetics maker L'Oreal says its sales edged up 1.8 percent in the first three months of the year to 6.55 billion euros ($7.41 billion) as gains in its main markets in Western Europe and North America offset a decline in Latin America.
L'Oreal Sales Rise 1.8 Percent as Developed Markets Hold Up
French cosmetics maker L'Oreal says its sales edged up 1.8 percent in the first three months of the year to 6.55 billion euros ($7.41 billion) as gains in its main markets in Western Europe and North America offset a decline in Latin America.
Financial Markets
Lower Tourist Spending Checks Burberry Sales Growth
British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months.
Lower Tourist Spending Checks Burberry Sales Growth
British luxury fashion brand Burberry said tough conditions would hit profit in the year ahead after a drop in tourist spending in continental Europe and weak demand in Hong Kong depressed sales in recent months.
Financial Markets
Burberry Sees Profit Setback Amid Declining Luxury-Goods Demand
Burberry Group Plc said earnings this year will be at the low end of analysts’ estimates as the company struggles to cope with ebbing demand in Hong Kong and Europe.
Burberry Sees Profit Setback Amid Declining Luxury-Goods Demand
Burberry Group Plc said earnings this year will be at the low end of analysts’ estimates as the company struggles to cope with ebbing demand in Hong Kong and Europe.
Financial Markets
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
Financial Markets
Rocket Internet Vows to Limit Losses After 2015 Cash Burn
German e-commerce firm Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies burned through 1 billion euros ($1.1 billion).
Rocket Internet Vows to Limit Losses After 2015 Cash Burn
German e-commerce firm Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies burned through 1 billion euros ($1.1 billion).
Financial Markets
Fewer Paris Tourists and DKNY Shift Hit LVMH's Fashion and Leather
LVMH has announced their poor performance in fashion and leather goods being due to lower tourist spending on big brands such as Louis Vuitton in France and the ending of some DKNY lines.
Fewer Paris Tourists and DKNY Shift Hit LVMH's Fashion and Leather
LVMH has announced their poor performance in fashion and leather goods being due to lower tourist spending on big brands such as Louis Vuitton in France and the ending of some DKNY lines.
Financial Markets
Perry Ellis Reports 4Q Loss
Perry Ellis International Inc. has reported a loss of $17.7 million in its fiscal fourth quarter.
Perry Ellis Reports 4Q Loss
Perry Ellis International Inc. has reported a loss of $17.7 million in its fiscal fourth quarter.
Financial Markets
LVMH Shares Fall, Dragging Down Rivals
European shares have fallen with luxury good stocks among the worst performers after France's LVMH posted first quarter sales below forecasts.
LVMH Shares Fall, Dragging Down Rivals
European shares have fallen with luxury good stocks among the worst performers after France's LVMH posted first quarter sales below forecasts.
Financial Markets
LVMH First-Quarter Sales Miss Forecasts, Says France Remains Weak
LVMH on Monday posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.
LVMH First-Quarter Sales Miss Forecasts, Says France Remains Weak
LVMH on Monday posted first-quarter sales below forecasts as tourist shopping in key markets such as France and Hong Kong remained low.
Financial Markets
H&M Q1 Profit Hit by Markdowns and Currency Effects
Hennes & Mauritz posted a 30 percent drop in first-quarter pretax profit on Wednesday due to markdowns and a stronger US dollar, although the results were slightly better than expected.
H&M Q1 Profit Hit by Markdowns and Currency Effects
Hennes & Mauritz posted a 30 percent drop in first-quarter pretax profit on Wednesday due to markdowns and a stronger US dollar, although the results were slightly better than expected.
The News in Brief
Harvey Nichols Warns It Could Collapse Without Rescue Deal
The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.
Shein IPO Value Could Fall Short of $30 Billion Targeted by Some Investors
Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.
Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
Under Armour Forecasts Steeper Annual Sales Decline
The athletic apparel maker is struggling with weak consumer demand amid macroeconomic uncertainty in its key North American market.
Skims to Enter India Through Partnership With Reliance Brands
The luxury arm of Reliance Retail will operate the Skims brand across physical and digital channels, beginning with Delhi and Mumbai.
Vogue World 2027 Will Be Held in San Francisco
The sixth edition of the annual runway spectacle will return to the US after this year's outing in Milan.
Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.