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
Luxury
Ralph Lauren Expects Robust Growth to Slow Amid Weakness in US
Despite outperforming competitors recently, Ralph Lauren anticipates slower revenue growth in the latter half of the fiscal year due to weakening US consumer spending.
Ralph Lauren Expects Robust Growth to Slow Amid Weakness in US
Despite outperforming competitors recently, Ralph Lauren anticipates slower revenue growth in the latter half of the fiscal year due to weakening US consumer spending.
Retail
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Despite the rare profit miss, the retail giant raised its full-year sales guidance, an optimistic signal that consumers’ purchasing power is holding up despite rising concerns over inflation and weakening economic data.
Walmart Slumps on Rare Profit Miss, Citing Higher Claims
Despite the rare profit miss, the retail giant raised its full-year sales guidance, an optimistic signal that consumers’ purchasing power is holding up despite rising concerns over inflation and weakening economic data.
Beauty
Estée Lauder Companies Says Its Turnaround Is Working — Slowly
The company’s recovery plan is underway, and green shoots are appearing in key areas like China. But its core brands are still struggling, and competition is stacking up.
Estée Lauder Companies Says Its Turnaround Is Working — Slowly
The company’s recovery plan is underway, and green shoots are appearing in key areas like China. But its core brands are still struggling, and competition is stacking up.
Beauty
Coty Annual Revenue Slides 4%, Eyes Turnaround in 2026
Chief executive Sue Y. Nabi said the US conglomerate had returned to a healthier baseline as it plans to double down on fragrance mists and designer beauty launches over the next year.
Coty Annual Revenue Slides 4%, Eyes Turnaround in 2026
Chief executive Sue Y. Nabi said the US conglomerate had returned to a healthier baseline as it plans to double down on fragrance mists and designer beauty launches over the next year.
Luxury
Laopu Gold Sales, Profit Growth Beat on Robust China Demand
Laopu’s rapid growth comes in sharp contrast to the struggles of some high-end Western retailers in China, defying a consumer pullback in an uncertain economy.
Laopu Gold Sales, Profit Growth Beat on Robust China Demand
Laopu’s rapid growth comes in sharp contrast to the struggles of some high-end Western retailers in China, defying a consumer pullback in an uncertain economy.
Retail
TJ Maxx Parent Tops Expectations as Bargain Goods Still Sell
TJX has been aggressively snapping up excess merchandise from brands looking to clear out piles of unsold goods.
TJ Maxx Parent Tops Expectations as Bargain Goods Still Sell
TJX has been aggressively snapping up excess merchandise from brands looking to clear out piles of unsold goods.
Beauty
Estée Lauder Forecasts Lower Profits on Tariff Impact, Full-Year Sales Decline 8%
The American beauty giant said its 2026 profits would come in below Wall Street expectations on Wednesday, and reported another year of sales declines.
Estée Lauder Forecasts Lower Profits on Tariff Impact, Full-Year Sales Decline 8%
The American beauty giant said its 2026 profits would come in below Wall Street expectations on Wednesday, and reported another year of sales declines.
Retail
Have Trump’s Tariffs Finally Put an End to Crocs’ 19-Year Reign?
The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.
Have Trump’s Tariffs Finally Put an End to Crocs’ 19-Year Reign?
The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.
Retail
Fast-Fashion Retailer Shein’s UK Sales Surged to $2.8 Billion in 2024
The global retailer’s UK business reported a pretax profit of £38.25 million ($51.8 million) in 2024, up 56.6 percent from 2023.
Fast-Fashion Retailer Shein’s UK Sales Surged to $2.8 Billion in 2024
The global retailer’s UK business reported a pretax profit of £38.25 million ($51.8 million) in 2024, up 56.6 percent from 2023.
Luxury
Tapestry Plummets With Tariff Costs Weighing on Profit Outlook
Offloading Stuart Weitzman will enable Tapestry executives to spend more time and resources on increasing sales at Coach and turning around Kate Spade.
Tapestry Plummets With Tariff Costs Weighing on Profit Outlook
Offloading Stuart Weitzman will enable Tapestry executives to spend more time and resources on increasing sales at Coach and turning around Kate Spade.
Retail
Birkenstock’s Profit Beats Estimates on Strong Full-Price Footwear Sales
Demand for the German brand’s sandals has remained healthy even after it raised prices in response to tariffs.
Birkenstock’s Profit Beats Estimates on Strong Full-Price Footwear Sales
Demand for the German brand’s sandals has remained healthy even after it raised prices in response to tariffs.
Beauty
Nykaa Revenue Surges, Profit Doubles in First Quarter
FSN E-Commerce Ventures, parent company of India's largest beauty retailer, said its revenues lifted by 24 percent on demand for newly added brands like Chanel and Supergoop.
Nykaa Revenue Surges, Profit Doubles in First Quarter
FSN E-Commerce Ventures, parent company of India's largest beauty retailer, said its revenues lifted by 24 percent on demand for newly added brands like Chanel and Supergoop.
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.