Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
earnings-report
Financial Markets
Perry Ellis Tops 3Q Profit Forecasts
Perry Ellis International Inc. on Thursday reported fiscal third-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.
Perry Ellis Tops 3Q Profit Forecasts
Perry Ellis International Inc. on Thursday reported fiscal third-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.
Financial Markets
L Brands Tops 3Q Profit Forecasts
L Brands Inc. on Wednesday reported fiscal third-quarter net income of $164 million. The results surpassed Wall Street expectations.
L Brands Tops 3Q Profit Forecasts
L Brands Inc. on Wednesday reported fiscal third-quarter net income of $164 million. The results surpassed Wall Street expectations.
Financial Markets
Mr Price Slides as Profit Growth Slows on Weaker Consumer Spend
Mr Price Group Ltd., a South African clothing and household goods retailer, said first-half profit and sales rose at a slower pace than a year earlier as consumer spending remained muted amid high unemployment and an economic slowdown.
Mr Price Slides as Profit Growth Slows on Weaker Consumer Spend
Mr Price Group Ltd., a South African clothing and household goods retailer, said first-half profit and sales rose at a slower pace than a year earlier as consumer spending remained muted amid high unemployment and an economic slowdown.
Financial Markets
Target Raises Earnings Forecast after Profit Rises
Target Corp. reported a bigger-than-expected increase in quarterly profit as revenue got a boost from online sales and strong growth in product categories at the centre of its turnaround plan.
Target Raises Earnings Forecast after Profit Rises
Target Corp. reported a bigger-than-expected increase in quarterly profit as revenue got a boost from online sales and strong growth in product categories at the centre of its turnaround plan.
Financial Markets
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
Financial Markets
Urban Outfitters Meets 3Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal third-quarter earnings of $52 million. The results met Wall Street expectations.
Urban Outfitters Meets 3Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal third-quarter earnings of $52 million. The results met Wall Street expectations.
Financial Markets
J.C. Penney Sales Beat Estimates, Helped by Sephora
J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores.
J.C. Penney Sales Beat Estimates, Helped by Sephora
J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores.
Financial Markets
Ferragamo Falls After Signaling Sales, Profit May Miss Estimates
Salvatore Ferragamo SpA fell as much as 8.1 percent after the Italian luxury shoemaker said full-year sales and profit may miss analysts’ estimates amid weak demand in the US and Hong Kong.
Ferragamo Falls After Signaling Sales, Profit May Miss Estimates
Salvatore Ferragamo SpA fell as much as 8.1 percent after the Italian luxury shoemaker said full-year sales and profit may miss analysts’ estimates amid weak demand in the US and Hong Kong.
Financial Markets
Nordstrom Misses Street 3Q Forecasts
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $81 million. The results missed Wall Street expectations.
Nordstrom Misses Street 3Q Forecasts
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $81 million. The results missed Wall Street expectations.
Financial Markets
Fossil Group Tops 3Q Profit Forecasts
Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
Fossil Group Tops 3Q Profit Forecasts
Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
Financial Markets
Burberry, Hermès Signal US Slowdown on Heels of Asian Slump
Hermès International SCA and Burberry Group Plc reported sputtering sales growth in America, adding to the woes of luxury-goods makers already reeling from an Asian slump.
Burberry, Hermès Signal US Slowdown on Heels of Asian Slump
Hermès International SCA and Burberry Group Plc reported sputtering sales growth in America, adding to the woes of luxury-goods makers already reeling from an Asian slump.
Financial Markets
Kohl’s Rises After Third-Quarter Profit Tops Analysts’ Estimates
Kohl’s Corp. rose as much as 11 percent in early trading after posting third-quarter profit and sales that topped analysts’ estimates.
Kohl’s Rises After Third-Quarter Profit Tops Analysts’ Estimates
Kohl’s Corp. rose as much as 11 percent in early trading after posting third-quarter profit and sales that topped analysts’ estimates.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.