Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
earnings
Retail
Birkenstock Lifts Sales Outlook, Buys Factory to Make More Clogs
The footwear brand raised its sales forecast and announced plans for a new factory near Dresden to increase production, as it continues to see strong demand for its footwear.
Birkenstock Lifts Sales Outlook, Buys Factory to Make More Clogs
The footwear brand raised its sales forecast and announced plans for a new factory near Dresden to increase production, as it continues to see strong demand for its footwear.
Retail
H&M Group’s Q3 Profits Top Expectations As It Warns of Tariff Costs
H&M reported a higher-than-expected third-quarter profit due to strong autumn sales but warned of increased tariff-related costs and higher markdowns in the current quarter.
H&M Group’s Q3 Profits Top Expectations As It Warns of Tariff Costs
H&M reported a higher-than-expected third-quarter profit due to strong autumn sales but warned of increased tariff-related costs and higher markdowns in the current quarter.
Fashion Week
H&M Makes London Fashion Week Return Amid Brand Revamp
The brand’s first runway show in seven years marks its latest effort to demonstrate its fashion chops, as it struggles to carve out a distinct position in a crowded market.
H&M Makes London Fashion Week Return Amid Brand Revamp
The brand’s first runway show in seven years marks its latest effort to demonstrate its fashion chops, as it struggles to carve out a distinct position in a crowded market.
Luxury
Sotheby’s Commissions Slump by Nearly 20% as Luxury Falters
Sotheby’s reported a pre-tax loss of $247.9 million as the auction house continues to struggle amidst a prolonged slump in the art market.
Sotheby’s Commissions Slump by Nearly 20% as Luxury Falters
Sotheby’s reported a pre-tax loss of $247.9 million as the auction house continues to struggle amidst a prolonged slump in the art market.
Retail
Primark’s Falling Sales Drag Down Shares of Owner AB Foods
The British conglomerate’s share price slumped as it reported lower sales for the budget fashion chain, which was impacted by weak demand in Europe.
Primark’s Falling Sales Drag Down Shares of Owner AB Foods
The British conglomerate’s share price slumped as it reported lower sales for the budget fashion chain, which was impacted by weak demand in Europe.
Retail
Zara Owner Inditex Reports Better Start to Autumn Sales, Boosting Shares
Investors took the news as an encouraging sign while the Spanish fast-fashion giant grapples with the impact of a weak dollar and US tariffs.
Zara Owner Inditex Reports Better Start to Autumn Sales, Boosting Shares
Investors took the news as an encouraging sign while the Spanish fast-fashion giant grapples with the impact of a weak dollar and US tariffs.
Beauty
Byredo Owner Puig’s First-Half Profits Lift 3.9%
The Spanish owner of Charlotte Tilbury, Paco Rabanne and more said in the run-up to June, its profits soared as sales ticked up in anticipation of tariffs.
Byredo Owner Puig’s First-Half Profits Lift 3.9%
The Spanish owner of Charlotte Tilbury, Paco Rabanne and more said in the run-up to June, its profits soared as sales ticked up in anticipation of tariffs.
Retail
Lululemon Slashes Annual Sales, Profit Forecasts Amid Demand, Tariff Woes
Shares of the company fell about 13 percent after the closing bell.
Lululemon Slashes Annual Sales, Profit Forecasts Amid Demand, Tariff Woes
Shares of the company fell about 13 percent after the closing bell.
Retail
Macy’s Lifts Forecasts as Turnaround Efforts Start Paying Off, Shares Jump
The retailer's turnaround strategy boosted demand across its Bloomingdale's and Bluemercury chains, sending its shares up roughly 20 percent.
Macy’s Lifts Forecasts as Turnaround Efforts Start Paying Off, Shares Jump
The retailer's turnaround strategy boosted demand across its Bloomingdale's and Bluemercury chains, sending its shares up roughly 20 percent.
Luxury
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs
The watch retailer’s shares surged following strong trading in the first half of the fiscal year and minimal tariff impact.
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs
The watch retailer’s shares surged following strong trading in the first half of the fiscal year and minimal tariff impact.
Beauty
Moody’s Downgrades Shiseido’s Financial Outlook Citing Weak Demand
The credit ratings agency has downgraded its outlook to Baa1 from a more positive “A” rating, saying its potential for profitable growth and improved geographic diversification seems slim.
Moody’s Downgrades Shiseido’s Financial Outlook Citing Weak Demand
The credit ratings agency has downgraded its outlook to Baa1 from a more positive “A” rating, saying its potential for profitable growth and improved geographic diversification seems slim.
Retail
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance
Changes at the San Francisco-based company’s namesake brand and Old Navy seem to be working, but Banana Republic and Athleta haven’t bounced back as quickly.
Gap Drops After Tariffs’ Tolls and Athleta Weigh on Performance
Changes at the San Francisco-based company’s namesake brand and Old Navy seem to be working, but Banana Republic and Athleta haven’t bounced back as quickly.
The News in Brief
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.