Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
earnings-report
Financial Markets
Burberry to Reduce Size of Hong Kong Flagship Store Amid Slump
Burberry Group Plc is to scale back its biggest store in Hong Kong as it seeks to mitigate slumping demand in the island city.
Burberry to Reduce Size of Hong Kong Flagship Store Amid Slump
Burberry Group Plc is to scale back its biggest store in Hong Kong as it seeks to mitigate slumping demand in the island city.
Financial Markets
Burberry Beats Estimates as Luxury Maker Battles Tough Backdrop
Burberry Group Plc reported first-half profit that beat analysts’ estimates as cost savings helped offset slowing revenue growth.
Burberry Beats Estimates as Luxury Maker Battles Tough Backdrop
Burberry Group Plc reported first-half profit that beat analysts’ estimates as cost savings helped offset slowing revenue growth.
Financial Markets
Hermès Third-Quarter Revenue Rises on Japanese Luxury Growth
Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled demand in Japan.
Hermès Third-Quarter Revenue Rises on Japanese Luxury Growth
Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled demand in Japan.
Financial Markets
Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns
Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.
Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns
Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.
Financial Markets
Yoox Net-a-Porter Raises Savings Estimate Amid Merger Benefits
Yoox Net-a-Porter SpA raised its estimate for annual cost savings as it reported its first quarterly earnings since the merger that created the company.
Yoox Net-a-Porter Raises Savings Estimate Amid Merger Benefits
Yoox Net-a-Porter SpA raised its estimate for annual cost savings as it reported its first quarterly earnings since the merger that created the company.
Financial Markets
Macy’s Sales Trail Estimates Amid Sluggish Demand for Apparel
Macy’s Inc., the largest U.S. department-store company, posted third-quarter sales that missed analysts’ estimates amid sluggish demand for apparel.
Macy’s Sales Trail Estimates Amid Sluggish Demand for Apparel
Macy’s Inc., the largest U.S. department-store company, posted third-quarter sales that missed analysts’ estimates amid sluggish demand for apparel.
Financial Markets
Pandora Third-Quarter Earnings Miss Estimates on US Slowdown
Pandora A/S reported third-quarter earnings that missed estimates as the Danish jeweler’s US sales growth weakened due to a change in promotional strategy.
Pandora Third-Quarter Earnings Miss Estimates on US Slowdown
Pandora A/S reported third-quarter earnings that missed estimates as the Danish jeweler’s US sales growth weakened due to a change in promotional strategy.
Financial Markets
Puma Earnings Top Estimates on Running and Training Shoe Sales
Puma SE reported a smaller drop in third-quarter profit than analysts expected on stronger sales of running and training shoes.
Puma Earnings Top Estimates on Running and Training Shoe Sales
Puma SE reported a smaller drop in third-quarter profit than analysts expected on stronger sales of running and training shoes.
Financial Markets
Richemont Earnings Miss Analyst Estimates on Weak Watch Demand
Richemont forecast a challenging second half and reported first-half earnings that trailed analyst estimates amid weak demand for watches.
Richemont Earnings Miss Analyst Estimates on Weak Watch Demand
Richemont forecast a challenging second half and reported first-half earnings that trailed analyst estimates amid weak demand for watches.
Financial Markets
Ralph Lauren Profit Tops Estimates as Restructuring Cuts Costs
Ralph Lauren Corp. posted second-quarter profit that exceeded analysts’ estimates as its cost-saving reorganisation efforts begin to show results.
Ralph Lauren Profit Tops Estimates as Restructuring Cuts Costs
Ralph Lauren Corp. posted second-quarter profit that exceeded analysts’ estimates as its cost-saving reorganisation efforts begin to show results.
Financial Markets
Coty tops 1Q profit forecasts
Coty Inc. on Thursday reported fiscal first-quarter net income of $125.7 million. The results exceeded Wall Street expectations.
Coty tops 1Q profit forecasts
Coty Inc. on Thursday reported fiscal first-quarter net income of $125.7 million. The results exceeded Wall Street expectations.
Financial Markets
Adidas Raises 2015 Forecasts as Profit Beats Analysts’ Estimates
Adidas AG reported third-quarter earnings that topped analysts’ estimates as the German sportswear maker sold more sneakers in western Europe and China.
Adidas Raises 2015 Forecasts as Profit Beats Analysts’ Estimates
Adidas AG reported third-quarter earnings that topped analysts’ estimates as the German sportswear maker sold more sneakers in western Europe and China.
The News in Brief
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.
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.