Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
earnings
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.
Luxury
Ray-Ban Maker EssilorLuxottica Sales Top Estimates
Europe powered the increase, while results in North America were held back by tariffs and a falling dollar.
Ray-Ban Maker EssilorLuxottica Sales Top Estimates
Europe powered the increase, while results in North America were held back by tariffs and a falling dollar.
Beauty
Addiction Tokyo to Cease US Operations
The Japanese makeup brand announced plans to ‘wind down’ its US business amid tariff uncertainty and parent company Kosé Corporation’s lagging sales in North America.
Addiction Tokyo to Cease US Operations
The Japanese makeup brand announced plans to ‘wind down’ its US business amid tariff uncertainty and parent company Kosé Corporation’s lagging sales in North America.
Luxury
LVMH Slide Signals No Quick End to Big Luxury’s Malaise
A steep sales decline at the sector bellwether’s core fashion and leather goods division, which houses Louis Vuitton and Dior, point to a long road ahead.
LVMH Slide Signals No Quick End to Big Luxury’s Malaise
A steep sales decline at the sector bellwether’s core fashion and leather goods division, which houses Louis Vuitton and Dior, point to a long road ahead.
Sports
Puma Shares Dive After Warning of Full-Year Loss, US Tariff Impact
Shares dropped 18 percent after the company announced it expects a decline in annual sales and a loss for 2025.
Puma Shares Dive After Warning of Full-Year Loss, US Tariff Impact
Shares dropped 18 percent after the company announced it expects a decline in annual sales and a loss for 2025.
Retail
Hoka-Parent Deckers Beats Quarterly Estimates Boosted by Demand in Europe, China
Deckers has been rapidly expanding its international presence, in an effort to counter choppy US demand after several years of strong growth.
Hoka-Parent Deckers Beats Quarterly Estimates Boosted by Demand in Europe, China
Deckers has been rapidly expanding its international presence, in an effort to counter choppy US demand after several years of strong growth.
Luxury
LVMH Struggles to Bounce Back Amid Deepening Luxury Downturn
Sales in the group's critical fashion and leather goods division — which includes flagship brand Louis Vuitton — fell 9 percent in the latest quarter. The group is fending off challenges across key units.
LVMH Struggles to Bounce Back Amid Deepening Luxury Downturn
Sales in the group's critical fashion and leather goods division — which includes flagship brand Louis Vuitton — fell 9 percent in the latest quarter. The group is fending off challenges across key units.
Beauty
Interparfums Sales Decline Due to Pressure in the US
The fragrance manufacturer and distributor cited a perfect storm of macroeconomic headwinds, tariffs and the discontinuation of its Dunhill license for its mixed results.
Interparfums Sales Decline Due to Pressure in the US
The fragrance manufacturer and distributor cited a perfect storm of macroeconomic headwinds, tariffs and the discontinuation of its Dunhill license for its mixed results.
Luxury
Moncler Revenues Slipped 1% in Second Quarter
Sales at the group’s flagship brand were hit by a decline in tourist spending in Europe and Japan.
Moncler Revenues Slipped 1% in Second Quarter
Sales at the group’s flagship brand were hit by a decline in tourist spending in Europe and Japan.
Luxury
Luxury’s Gulf Between Winners and Losers Is Widening
This earnings season will be critical in determining luxury’s outperformers and laggards, with analysts expecting wide revenue growth results.
Luxury’s Gulf Between Winners and Losers Is Widening
This earnings season will be critical in determining luxury’s outperformers and laggards, with analysts expecting wide revenue growth results.
Beauty
Perfume Maker Givaudan’s Sales Growth Slower Than Expected
The Swiss fragrance and flavours firm reported group sales of $2.37 billion for the second quarter 2025, narrowly missing analysts’ forecast.
Perfume Maker Givaudan’s Sales Growth Slower Than Expected
The Swiss fragrance and flavours firm reported group sales of $2.37 billion for the second quarter 2025, narrowly missing analysts’ forecast.
Luxury
Burberry Sales Fall Less Than Expected as Turnaround Gains Traction
Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
Burberry Sales Fall Less Than Expected as Turnaround Gains Traction
Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
The News in Brief
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.
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.