Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
earnings-report
Financial Markets
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Financial Markets
Will Farfetch's First Earnings Match the Hype?
This week, everyone will be talking about Farfetch's first financial results as a public company, the Victoria's Secret fashion show and the winner of the CFDA/Vogue Fashion Fund's $400,000 prize. Read our BoF Professional Cheat Sheet.
Will Farfetch's First Earnings Match the Hype?
This week, everyone will be talking about Farfetch's first financial results as a public company, the Victoria's Secret fashion show and the winner of the CFDA/Vogue Fashion Fund's $400,000 prize. Read our BoF Professional Cheat Sheet.
Financial Markets
North America Drives Sales Increase at SMCP
The owner of Sandro, Maje and Claudie Pierlot posted a 14 percent rise in third-quarter sales, with the US overtaking Asia as its biggest driver of growth.
North America Drives Sales Increase at SMCP
The owner of Sandro, Maje and Claudie Pierlot posted a 14 percent rise in third-quarter sales, with the US overtaking Asia as its biggest driver of growth.
Financial Markets
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Amazon Shares Dip After Sales Miss
The e-commerce behemoth came short of Wall Street projections for its quarterly sales and lowered its revenue forecast for the holiday season.
Luxury
LVMH Third Quarter Sales Boosted by Fashion and Leather Goods
The results offer an encouraging sign for a luxury goods sector gripped by fears of a slowdown in China.
LVMH Third Quarter Sales Boosted by Fashion and Leather Goods
The results offer an encouraging sign for a luxury goods sector gripped by fears of a slowdown in China.
Retail
Will Fashion's Retail Boom Last?
A new fashion cycle is pushing consumers to update their wardrobes with items like palazzo pants and distressed denim, breathing new life into struggling mall retailers.
Will Fashion's Retail Boom Last?
A new fashion cycle is pushing consumers to update their wardrobes with items like palazzo pants and distressed denim, breathing new life into struggling mall retailers.
Financial Markets
Lululemon Gains Steam as New Chief Executive Takes the Reins
With a 47 percent percent jump in e-commerce sales in constant currency, the Vancouver-based company is cashing in on its revamped website and direct-marketing efforts.
Lululemon Gains Steam as New Chief Executive Takes the Reins
With a 47 percent percent jump in e-commerce sales in constant currency, the Vancouver-based company is cashing in on its revamped website and direct-marketing efforts.
Financial Markets
PVH Profit Up 38 Percent in Second Quarter
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 15 percent.
PVH Profit Up 38 Percent in Second Quarter
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 15 percent.
Financial Markets
Brunello Cucinelli Sees More Double-Digit Growth in the Future
Sales and core profit at the group, known globally for its plush cashmere designs, have consistently increased in the last six years.
Brunello Cucinelli Sees More Double-Digit Growth in the Future
Sales and core profit at the group, known globally for its plush cashmere designs, have consistently increased in the last six years.
Retail
Nike, Adidas and Uniqlo Face Off at the US Open
This week, everyone will be talking about what Serena Williams and Roger Federer are wearing on and off the court at the US Open, the health of shopping malls and the stores inside them. Read our BoF Professional Cheat Sheet.
Nike, Adidas and Uniqlo Face Off at the US Open
This week, everyone will be talking about what Serena Williams and Roger Federer are wearing on and off the court at the US Open, the health of shopping malls and the stores inside them. Read our BoF Professional Cheat Sheet.
Financial Markets
Old Navy Can’t Save Gap This Time as Weakness Sparks Stock Drop
Gap stores posted same-store sales that fell 5 percent last quarter.
Old Navy Can’t Save Gap This Time as Weakness Sparks Stock Drop
Gap stores posted same-store sales that fell 5 percent last quarter.
Financial Markets
Walmart and Target Showcase Retail's 'Renaissance'
Headwinds battering retailers in recent months have prompted the best of the bunch — a group that also includes Nordstrom and Kohl’s — to up their game.
Walmart and Target Showcase Retail's 'Renaissance'
Headwinds battering retailers in recent months have prompted the best of the bunch — a group that also includes Nordstrom and Kohl’s — to up their game.
The News in Brief
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.
Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.