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
Nike Investors Cheer First North America Sales Gain Since 2017
The sneaker giant’s North American sales rose 3 percent, its first uptick in four quarters — a sign that the company’s new products are catching on with US shoppers.
Nike Investors Cheer First North America Sales Gain Since 2017
The sneaker giant’s North American sales rose 3 percent, its first uptick in four quarters — a sign that the company’s new products are catching on with US shoppers.
Luxury
Chanel Reveals $10 Billion Revenue for First Time
The fashion group released full-year earnings for the first time, posting revenues of $9.62 billion for 2017, an 11 percent rise from a year earlier.
Chanel Reveals $10 Billion Revenue for First Time
The fashion group released full-year earnings for the first time, posting revenues of $9.62 billion for 2017, an 11 percent rise from a year earlier.
Retail
Lululemon Hits Record High on Revamped Stores
Lululemon's recent push to renovate stores paid off in the latest quarter, with traffic rising in the mid-single digit range.
Lululemon Hits Record High on Revamped Stores
Lululemon's recent push to renovate stores paid off in the latest quarter, with traffic rising in the mid-single digit range.
Financial Markets
Lululemon First-Quarter Profit Beats Expectations
The Canadian athletic apparel maker posted first-quarter profit that beat expectations, as revenue jumped 25 percent.
Lululemon First-Quarter Profit Beats Expectations
The Canadian athletic apparel maker posted first-quarter profit that beat expectations, as revenue jumped 25 percent.
Financial Markets
American Eagle Outfitters Sees Record First-Quarter Sales
The company was boosted by strong demand for its Aerie line of lingerie.
American Eagle Outfitters Sees Record First-Quarter Sales
The company was boosted by strong demand for its Aerie line of lingerie.
Luxury
Calvin Klein Owner PVH Beats Sales, Profit Estimates
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 21 percent.
Calvin Klein Owner PVH Beats Sales, Profit Estimates
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 21 percent.
Financial Markets
Gap Misses First-Quarter Same-Store Sales Estimates
Comparable sales rose 1 percent, while analysts were expecting a 1.67 percent uptick.
Gap Misses First-Quarter Same-Store Sales Estimates
Comparable sales rose 1 percent, while analysts were expecting a 1.67 percent uptick.
Financial Markets
Urban Outfitters First-Quarter Sales Beat Estimates
Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.
Urban Outfitters First-Quarter Sales Beat Estimates
Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.
Financial Markets
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Luxury
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
Financial Markets
Nordstrom Sales Disappoint as Reality of Staying Public Sets In
The department store's comparable sales missed analysts’ estimates in its first quarter earnings.
Nordstrom Sales Disappoint as Reality of Staying Public Sets In
The department store's comparable sales missed analysts’ estimates in its first quarter earnings.
Financial Markets
Walmart E-Commerce Sales Rebound
The company said it is on track to increase US e-commerce sales by 40 percent for the full year, after a sharp slowdown during the crucial holiday quarter.
Walmart E-Commerce Sales Rebound
The company said it is on track to increase US e-commerce sales by 40 percent for the full year, after a sharp slowdown during the crucial holiday quarter.
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.