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
Macy's Shares Surge After Profit Beats Estimates
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
Macy's Shares Surge After Profit Beats Estimates
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
Financial Markets
Profits Slump at Arcadia
The owner of Topshop has reported a 42 percent slump in full-year profit, blaming intense UK competition.
Profits Slump at Arcadia
The owner of Topshop has reported a 42 percent slump in full-year profit, blaming intense UK competition.
Financial Markets
Pandora Suffers Chinese Revenue Slowdown
The jewellery maker's sales growth in China weakened to 16 percent from 62 percent.
Pandora Suffers Chinese Revenue Slowdown
The jewellery maker's sales growth in China weakened to 16 percent from 62 percent.
Financial Markets
Coty Results Beats on Demand for Luxury Fragrances
The beauty products maker reported quarterly results that beat analysts' estimates, helped by robust sales for its Burberry Beauty and Gucci Bloom fragrances.
Coty Results Beats on Demand for Luxury Fragrances
The beauty products maker reported quarterly results that beat analysts' estimates, helped by robust sales for its Burberry Beauty and Gucci Bloom fragrances.
Financial Markets
JD.com Misses Estimates Amid Spending on Physical Stores
The online shopping giant reported quarterly profit that fell short of analyst expectations, as it ramps up the construction of physical shops and warehouses amid rising competition from Alibaba.
JD.com Misses Estimates Amid Spending on Physical Stores
The online shopping giant reported quarterly profit that fell short of analyst expectations, as it ramps up the construction of physical shops and warehouses amid rising competition from Alibaba.
Beauty
Beiersdorf Lifted by Strong La Prairie Sales
The firm beat its consumer product rivals by posting a 6.5 percent rise in first-quarter organic group sales.
Beiersdorf Lifted by Strong La Prairie Sales
The firm beat its consumer product rivals by posting a 6.5 percent rise in first-quarter organic group sales.
Financial Markets
Moncler Sees Revenue Grow by 20 Percent in First Quarter
Strong demand in China and Hong Kong helped boost revenues to €332 million ($398 million).
Moncler Sees Revenue Grow by 20 Percent in First Quarter
Strong demand in China and Hong Kong helped boost revenues to €332 million ($398 million).
Financial Markets
VF Corp's Quarterly Revenue Tops Estimates
The company has ramped up efforts in reshaping its portfolio and elevating its most powerful brands like Vans, Wrangler and Timberland.
VF Corp's Quarterly Revenue Tops Estimates
The company has ramped up efforts in reshaping its portfolio and elevating its most powerful brands like Vans, Wrangler and Timberland.
Financial Markets
Under Armour Picks up Momentum Overseas
The sportswear maker topped forecasts for first-quarter revenue, as stronger demand internationally made up for stagnating sales in North America.
Under Armour Picks up Momentum Overseas
The sportswear maker topped forecasts for first-quarter revenue, as stronger demand internationally made up for stagnating sales in North America.
Financial Markets
Tapestry Sinks Amid Struggles at Kate Spade, Stuart Weitzman
The company reported a drop in third-quarter margins, sending its shares down 14 percent.
Tapestry Sinks Amid Struggles at Kate Spade, Stuart Weitzman
The company reported a drop in third-quarter margins, sending its shares down 14 percent.
Financial Markets
Luxottica's First Quarter Sales Hurt by Bad Weather, Distribution Clean-Up
The company is suffering due to tighter distribution policies.
Luxottica's First Quarter Sales Hurt by Bad Weather, Distribution Clean-Up
The company is suffering due to tighter distribution policies.
Financial Markets
Amazon's Quarterly Profit More Than Doubles
The company has been notorious for running on a low-profit margin. Yet its big bets on new services and entry into new industries have reaped shareholders rewards over the past decade.
Amazon's Quarterly Profit More Than Doubles
The company has been notorious for running on a low-profit margin. Yet its big bets on new services and entry into new industries have reaped shareholders rewards over the past decade.
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.