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
Retail
Foot Locker Sales Miss Ahead of Dick’s Sporting Goods Purchase
Foot Locker's sales continue to decline, creating potential challenges for Dick's Sporting Goods as it moves forward with its $2.4 billion acquisition of the struggling retailer.
Foot Locker Sales Miss Ahead of Dick’s Sporting Goods Purchase
Foot Locker's sales continue to decline, creating potential challenges for Dick's Sporting Goods as it moves forward with its $2.4 billion acquisition of the struggling retailer.
Retail
Dick’s Sporting Maintains Outlook Ahead of Foot Locker Deal
The activewear company said earnings per share could be as high as $14.40 for the upcoming year with comparable store sales expected to gain 1 to 3 percent, signalling strength as it prepares to acquire the struggling Foot Locker Inc.
Dick’s Sporting Maintains Outlook Ahead of Foot Locker Deal
The activewear company said earnings per share could be as high as $14.40 for the upcoming year with comparable store sales expected to gain 1 to 3 percent, signalling strength as it prepares to acquire the struggling Foot Locker Inc.
Retail
Abercrombie Shares Surge as Strong Demand Drives First-Quarter Beat
Abercrombie & Fitch lowered its annual profit forecast despite beating first-quarter estimates and forecasting strong annual sales.
Abercrombie Shares Surge as Strong Demand Drives First-Quarter Beat
Abercrombie & Fitch lowered its annual profit forecast despite beating first-quarter estimates and forecasting strong annual sales.
Luxury
Capri Signals Selective Price Hikes on Michael Kors Handbags to Counter Tariff Hit
Capri Holdings lowered its revenue forecast for 2026 citing tariff-related uncertainty that is negatively impacting demand for its products in North America and Asia.
Capri Signals Selective Price Hikes on Michael Kors Handbags to Counter Tariff Hit
Capri Holdings lowered its revenue forecast for 2026 citing tariff-related uncertainty that is negatively impacting demand for its products in North America and Asia.
Retail
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty
Macy’s lowered its annual profit forecast due to tariff-related uncertainty and cautious consumer spending, despite beating first-quarter net revenue estimates.
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty
Macy’s lowered its annual profit forecast due to tariff-related uncertainty and cautious consumer spending, despite beating first-quarter net revenue estimates.
Retail
Temu-Owner PDD Holdings Misses Quarterly Revenue Estimates
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
Temu-Owner PDD Holdings Misses Quarterly Revenue Estimates
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
Retail
This Week: Three Questions for Retailers
Sneakers, lipstick and of course, tariffs, will be on investors’ minds as companies report quarterly results.
This Week: Three Questions for Retailers
Sneakers, lipstick and of course, tariffs, will be on investors’ minds as companies report quarterly results.
Retail
Hoka, Ugg Owner Deckers Declines to Provide Fiscal Outlook Due to Tariff Uncertainty
The shoe maker’s first-quarter net sales rose 6.5 percent off strong demand for Hoka footwear.
Hoka, Ugg Owner Deckers Declines to Provide Fiscal Outlook Due to Tariff Uncertainty
The shoe maker’s first-quarter net sales rose 6.5 percent off strong demand for Hoka footwear.
Luxury
Ralph Lauren’s Quarterly Results Beat Estimates on Steady Demand
Savvy marketing and investments into brands like Polo and Purple Label have helped the brand attract younger and less price-sensitive shoppers.
Ralph Lauren’s Quarterly Results Beat Estimates on Steady Demand
Savvy marketing and investments into brands like Polo and Purple Label have helped the brand attract younger and less price-sensitive shoppers.
Retail
Urban Outfitters Beats Analyst Expectations Off Strong Sales Growth
The apparel company’s sales rose 10.7 percent to $1.33 billion in its second straight quarter of strong revenue gains.
Urban Outfitters Beats Analyst Expectations Off Strong Sales Growth
The apparel company’s sales rose 10.7 percent to $1.33 billion in its second straight quarter of strong revenue gains.
Luxury
Chanel Pulls Back on Price Hikes as Sales Fall 4%
The French couture and beauty giant is easing off punchy price increases and investing in new markets including India, Mexico and Canada, CEO Leena Nair and CFO Philippe Blondiaux told BoF, as sales slid for the first time since 2020.
Chanel Pulls Back on Price Hikes as Sales Fall 4%
The French couture and beauty giant is easing off punchy price increases and investing in new markets including India, Mexico and Canada, CEO Leena Nair and CFO Philippe Blondiaux told BoF, as sales slid for the first time since 2020.
Beauty
The End of the Lipstick Index
After years of double-digit growth and a perception of being impervious to wider economic downturns, the beauty industry is finding that cash-strapped customers aren’t interested in “little luxuries.”
The End of the Lipstick Index
After years of double-digit growth and a perception of being impervious to wider economic downturns, the beauty industry is finding that cash-strapped customers aren’t interested in “little luxuries.”
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.