Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
earnings-report
Financial Markets
Urban Outfitters Posted a Fourth Straight Quarter of Sales Growth
Same-store sales rose 13 percent — among the highest upticks in sales this quarter.
Urban Outfitters Posted a Fourth Straight Quarter of Sales Growth
Same-store sales rose 13 percent — among the highest upticks in sales this quarter.
Financial Markets
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
Financial Markets
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.
Financial Markets
Nordstrom Avoids Department-Store Carnage as Sales Accelerate
The Seattle-based chain posted a 23 percent gain in e-commerce sales and 4 percent uptick in same-store sales overall in its latest earnings report.
Nordstrom Avoids Department-Store Carnage as Sales Accelerate
The Seattle-based chain posted a 23 percent gain in e-commerce sales and 4 percent uptick in same-store sales overall in its latest earnings report.
Luxury
Tapestry Now Sees China as a Key Market
The house of fashion brands, which owns Coach, Kate Spade and Stuart Weitzman, has taken measures to gain more control over its business in Asia.
Tapestry Now Sees China as a Key Market
The house of fashion brands, which owns Coach, Kate Spade and Stuart Weitzman, has taken measures to gain more control over its business in Asia.
Financial Markets
Kate Spade Eyes Rebound as It Breaks Away From Flash Sale Past
The recovering label, known for its happy-go-lucky style, had been struggling to win back customers after growing too ubiquitous with aggressive flash sales.
Kate Spade Eyes Rebound as It Breaks Away From Flash Sale Past
The recovering label, known for its happy-go-lucky style, had been struggling to win back customers after growing too ubiquitous with aggressive flash sales.
Financial Markets
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Retail
Next's Second Quarter Sales Boosted by Britain's Hot Summer
The positive performance followed a very strong first quarter for the fashion retailer against an easy comparative a year ago.
Next's Second Quarter Sales Boosted by Britain's Hot Summer
The positive performance followed a very strong first quarter for the fashion retailer against an easy comparative a year ago.
Financial Markets
Prada Has Something to Prove
This Monday, everyone will be talking about Prada's moment of reckoning, Instagram's advertising conundrum, Trump's trade war and Gucci's "disappointing" growth. Read our Cheat Sheet.
Prada Has Something to Prove
This Monday, everyone will be talking about Prada's moment of reckoning, Instagram's advertising conundrum, Trump's trade war and Gucci's "disappointing" growth. Read our Cheat Sheet.
Luxury
Luxury's Giants Look to Extend Their Winning Streak
This Monday, everyone will be talking about LVMH and Kering's upcoming financial results, the Swiss watch industry's rebound and new documentaries about Alexander McQueen and Kevyn Aucoin. Read our Cheat Sheet.
Luxury's Giants Look to Extend Their Winning Streak
This Monday, everyone will be talking about LVMH and Kering's upcoming financial results, the Swiss watch industry's rebound and new documentaries about Alexander McQueen and Kevyn Aucoin. Read our Cheat Sheet.
Financial Markets
EBay Rattles Investors Already Spooked by Threat of Amazon
The online marketplace missed on sales and trimmed its 2018 revenue outlook.
EBay Rattles Investors Already Spooked by Threat of Amazon
The online marketplace missed on sales and trimmed its 2018 revenue outlook.
Financial Markets
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.