Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline
Citing company sources, Italian newspaper Corriere della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.
earnings-report
Financial Markets
Shiseido Jumps by Record as Tourist Buying Fuels Gain in Profit
Shiseido Co. surged by the most on record in Tokyo trading after the Japanese cosmetics maker reported that buying by tourists helped fuel profit that beat analyst estimates.
Shiseido Jumps by Record as Tourist Buying Fuels Gain in Profit
Shiseido Co. surged by the most on record in Tokyo trading after the Japanese cosmetics maker reported that buying by tourists helped fuel profit that beat analyst estimates.
Financial Markets
Amazon's Profit Misses Estimates as Costs Jump
Amazon.com Inc's profit in the holiday quarter missed analysts' estimates by a wide margin as operating expenses rose and growth slowed in its cloud services business.
Amazon's Profit Misses Estimates as Costs Jump
Amazon.com Inc's profit in the holiday quarter missed analysts' estimates by a wide margin as operating expenses rose and growth slowed in its cloud services business.
Financial Markets
Under Armour Soars After Footwear Surge Helps Boost Profit
Under Armour Inc. shares rose as much as 14 percent in early trading after its fourth-quarter results and annual forecast surpassed analysts’ estimates, helped by newer products.
Under Armour Soars After Footwear Surge Helps Boost Profit
Under Armour Inc. shares rose as much as 14 percent in early trading after its fourth-quarter results and annual forecast surpassed analysts’ estimates, helped by newer products.
Financial Markets
H&M Earnings Miss Estimates as Stronger Dollar Boosts Costs
Hennes & Mauritz AB reported fourth-quarter earnings that missed analysts’ estimates as the clothing retailer’s margins suffered from the strength of the dollar.
H&M Earnings Miss Estimates as Stronger Dollar Boosts Costs
Hennes & Mauritz AB reported fourth-quarter earnings that missed analysts’ estimates as the clothing retailer’s margins suffered from the strength of the dollar.
Financial Markets
EBay Gives Disappointing Forecast, Shares Fall
EBay Inc forecast lower-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar and stiff competition from Amazon.com Inc.
EBay Gives Disappointing Forecast, Shares Fall
EBay Inc forecast lower-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar and stiff competition from Amazon.com Inc.
Financial Markets
Coach's Less-Bad Earnings May Be Just Good Enough
For any other retailer, a 7 percent year-over-year decline in profit would be nothing to cheer. But for Coach, the results released Tuesday were a good enough indication that it is finally starting to win back its customers.
Coach's Less-Bad Earnings May Be Just Good Enough
For any other retailer, a 7 percent year-over-year decline in profit would be nothing to cheer. But for Coach, the results released Tuesday were a good enough indication that it is finally starting to win back its customers.
Financial Markets
Coach Profit Tops Analyst Estimates as New Products Boost Sales
Coach Inc. posted second-quarter profit that topped estimates and raised its full-year earnings outlook after new designs boosted sales.
Coach Profit Tops Analyst Estimates as New Products Boost Sales
Coach Inc. posted second-quarter profit that topped estimates and raised its full-year earnings outlook after new designs boosted sales.
Financial Markets
Hugo Boss Gains as Sales Increase Reassures Amid Profit Setback
Hugo Boss AG reassured investors by announcing growth in fourth-quarter sales and profit, sending the shares higher.
Hugo Boss Gains as Sales Increase Reassures Amid Profit Setback
Hugo Boss AG reassured investors by announcing growth in fourth-quarter sales and profit, sending the shares higher.
Financial Markets
Slump in Hong Kong, Macau Hits Burberry Christmas Sales
Burberry Group Plc reported Christmas revenue that trailed its own forecast, hurt by a slump in demand in Hong Kong and Macau.
Slump in Hong Kong, Macau Hits Burberry Christmas Sales
Burberry Group Plc reported Christmas revenue that trailed its own forecast, hurt by a slump in demand in Hong Kong and Macau.
Financial Markets
Richemont Christmas Season Sales Drop for First Time Since 2008
Richemont, the maker of Cartier jewellery and IWC Schaffhausen timepieces, reported its first decline in Christmas revenue since 2008 amid weak demand for watches in Asia.
Richemont Christmas Season Sales Drop for First Time Since 2008
Richemont, the maker of Cartier jewellery and IWC Schaffhausen timepieces, reported its first decline in Christmas revenue since 2008 amid weak demand for watches in Asia.
Financial Markets
American Eagle Dives After Holiday Sales Fall Short of Estimates
American Eagle Outfitters Inc. suffered its worst stock decline in more than two years after holiday sales missed analysts’ estimates, stoking concerns about a company that had been outshining the rest of the teen-apparel industry.
American Eagle Dives After Holiday Sales Fall Short of Estimates
American Eagle Outfitters Inc. suffered its worst stock decline in more than two years after holiday sales missed analysts’ estimates, stoking concerns about a company that had been outshining the rest of the teen-apparel industry.
Financial Markets
Sports Direct Troubles Mount as Retailer Warns of Profit Slip
Sports Direct International Plc said it’s no longer confident of meeting its full-year earnings target, heaping more misery on the embattled UK retailer.
Sports Direct Troubles Mount as Retailer Warns of Profit Slip
Sports Direct International Plc said it’s no longer confident of meeting its full-year earnings target, heaping more misery on the embattled UK retailer.
The News in Brief
Shein to Launch IPO as Soon as August 19, Sources Say
The Hong Kong IPO could take place as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.
John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
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.