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.
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
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.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.