Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
earnings
Luxury
Canada Goose’s Retail Push, Designer Tie-up Power Sales As Costs Surge
Despite a bigger-than-expected quarterly loss, Canada Goose saw a 22.4 percent jump in first-quarter sales, exceeding revenue estimates thanks to strong US and Greater China market performance.
Canada Goose’s Retail Push, Designer Tie-up Power Sales As Costs Surge
Despite a bigger-than-expected quarterly loss, Canada Goose saw a 22.4 percent jump in first-quarter sales, exceeding revenue estimates thanks to strong US and Greater China market performance.
Beauty
Unilever Second Quarter Results Beat Expectations On Strong North America, EU Demand
The Dove soap maker kept its 2025 outlook, with plans to double down on beauty and personal care and spin off its ice cream business by November.
Unilever Second Quarter Results Beat Expectations On Strong North America, EU Demand
The Dove soap maker kept its 2025 outlook, with plans to double down on beauty and personal care and spin off its ice cream business by November.
Luxury
Hermès Valuation Woes Eclipse Sales Gain
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Hermès Valuation Woes Eclipse Sales Gain
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Retail
VF Corp Jumps After Earnings Beat as Turnaround Takes Hold
The Vans owner beat revenue and earnings forecasts in its fiscal first quarter, lifting shares by over 20 percent.
VF Corp Jumps After Earnings Beat as Turnaround Takes Hold
The Vans owner beat revenue and earnings forecasts in its fiscal first quarter, lifting shares by over 20 percent.
Retail
Steven Madden Still Can’t Provide Outlook, Blames Tariffs
Shares fell after the company announced it would not provide a financial outlook for the rest of the year due to the impact of new tariffs.
Steven Madden Still Can’t Provide Outlook, Blames Tariffs
Shares fell after the company announced it would not provide a financial outlook for the rest of the year due to the impact of new tariffs.
Luxury
Zegna Posts 2.6% Revenue Drop
The group saw sales in its wholesale channel sink, especially at its smaller Thom Browne brand, as well as weakness in the Chinese market.
Zegna Posts 2.6% Revenue Drop
The group saw sales in its wholesale channel sink, especially at its smaller Thom Browne brand, as well as weakness in the Chinese market.
Luxury
Prada Sales Miss Estimates Amid Luxury Slump
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
Prada Sales Miss Estimates Amid Luxury Slump
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
Luxury
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
Beauty
Ozempic Maker Novo Nordisk’s Market Value Drops $93 Billion
The Danish company, which manufactures Ozempic and Wegovy, announced a new CEO and a slash to its 2025 growth outlook, triggering a stock price plunge.
Ozempic Maker Novo Nordisk’s Market Value Drops $93 Billion
The Danish company, which manufactures Ozempic and Wegovy, announced a new CEO and a slash to its 2025 growth outlook, triggering a stock price plunge.
Beauty
L’Oréal Sales Increase 2.4%, Missing Expectations
The world’s biggest beauty company narrowly missed analyst expectations as travel retail and slower growth in Europe weighed on earnings.
L’Oréal Sales Increase 2.4%, Missing Expectations
The world’s biggest beauty company narrowly missed analyst expectations as travel retail and slower growth in Europe weighed on earnings.
Luxury
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Beauty
P&G Growth Forecast Misses Expectations, Will Raise Prices
The American consumer goods giant said on Tuesday it will undertake moderate price increases to mitigate the effects of tariffs, and forecast annual sales growth below Wall Street expectations.
P&G Growth Forecast Misses Expectations, Will Raise Prices
The American consumer goods giant said on Tuesday it will undertake moderate price increases to mitigate the effects of tariffs, and forecast annual sales growth below Wall Street expectations.
The News in Brief
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.
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.