Hermès Sales Climb, Boosted By US
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
earnings
Retail
Opinion: Amazon Should Share the Wealth of Its Prime Day Data
Simply repeating last year’s comment — that Prime Day was the biggest ever, generating record sales — won’t cut it, argues Andrea Felsted.
Opinion: Amazon Should Share the Wealth of Its Prime Day Data
Simply repeating last year’s comment — that Prime Day was the biggest ever, generating record sales — won’t cut it, argues Andrea Felsted.
Retail
Birkenstock Readies First Bond Deal in Five Years for Buybacks
The German footwear maker is seeking to replace existing debt and is set to raise €900 million from the sale, according to a person with knowledge of the matter.
Birkenstock Readies First Bond Deal in Five Years for Buybacks
The German footwear maker is seeking to replace existing debt and is set to raise €900 million from the sale, according to a person with knowledge of the matter.
Retail
Victoria’s Secret Shareholder Wages High-Stakes Campaign to Oust Chair
Billionaire Brett Blundy, whose investment firm is the lingerie brand’s second biggest shareholder, is waging a campaign to oust the long-term chair, setting up a showdown at the company’s annual meeting on Thursday.
Victoria’s Secret Shareholder Wages High-Stakes Campaign to Oust Chair
Billionaire Brett Blundy, whose investment firm is the lingerie brand’s second biggest shareholder, is waging a campaign to oust the long-term chair, setting up a showdown at the company’s annual meeting on Thursday.
Retail
Lululemon Trims Outlook, Adding Pressure Ahead of New CEO
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
Lululemon Trims Outlook, Adding Pressure Ahead of New CEO
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
Retail
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Macy’s Raises Annual Forecast as Luxury Focus Draws Affluent Shoppers
The US retailer posted its first quarterly sales growth in nearly four years, driven by strong demand for high-end products at its Bloomingdale’s and Bluemercury stores.
Retail
Zara Owner Inditex Defies Consumer Gloom With Strong Sales
The retailer handily beat analyst expectations, even as inflation worries stemming from the Middle East crisis dent consumer confidence.
Zara Owner Inditex Defies Consumer Gloom With Strong Sales
The retailer handily beat analyst expectations, even as inflation worries stemming from the Middle East crisis dent consumer confidence.
Beauty
Ulta Beauty Raises Annual Profit Forecast on Higher-Priced Product Demand
The beauty retailer’s quarterly net sales grew 11.1 percent amid an ongoing turnaround plan.
Ulta Beauty Raises Annual Profit Forecast on Higher-Priced Product Demand
The beauty retailer’s quarterly net sales grew 11.1 percent amid an ongoing turnaround plan.
Retail
Abercrombie & Fitch Beats Quarterly Profit Estimates on Steady US Demand
The upbeat results echoed those of other brands offering aspirational apparel at accessible prices as demand for affordable luxury remains resilient.
Abercrombie & Fitch Beats Quarterly Profit Estimates on Steady US Demand
The upbeat results echoed those of other brands offering aspirational apparel at accessible prices as demand for affordable luxury remains resilient.
Beauty
Bath & Body Works Beats Estimates on Demand for ‘Affordable Luxury’
The US fragrance chain upheld its full-year guidance and announced first-quarter sales above analyst estimates alongside the departure of its chief financial officer.
Bath & Body Works Beats Estimates on Demand for ‘Affordable Luxury’
The US fragrance chain upheld its full-year guidance and announced first-quarter sales above analyst estimates alongside the departure of its chief financial officer.
Beauty
Only the Fastest Innovators Are Winning in Beauty
Shoppers’ thirst for beauty is strong, as conglomerates’ recent earnings reports show. But the major players must find fresh ways to make their assortments stand out from the pack.
Only the Fastest Innovators Are Winning in Beauty
Shoppers’ thirst for beauty is strong, as conglomerates’ recent earnings reports show. But the major players must find fresh ways to make their assortments stand out from the pack.
Luxury
Richemont Sales Soar as Cartier Outpaces Rivals
The Swiss group’s jewellery brands gained further market share on the back of continued demand in the US and Chinese interest in new product lines at Cartier and Van Cleef & Arpels.
Richemont Sales Soar as Cartier Outpaces Rivals
The Swiss group’s jewellery brands gained further market share on the back of continued demand in the US and Chinese interest in new product lines at Cartier and Van Cleef & Arpels.
Beauty
Nykaa Posts Profit Surge on Strong Beauty Demand
The Indian retailer posted a near-fourfold jump in quarterly profit on Thursday, aided by its rollout of celebrity labels like Kay Beauty and Fenty Beauty.
Nykaa Posts Profit Surge on Strong Beauty Demand
The Indian retailer posted a near-fourfold jump in quarterly profit on Thursday, aided by its rollout of celebrity labels like Kay Beauty and Fenty Beauty.
The News in Brief
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.
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.