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.”
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.”
As more retailers report earnings, the industry is hoping more countries follow China in reaching agreements to lower tariffs.
As more retailers report earnings, the industry is hoping more countries follow China in reaching agreements to lower tariffs.
Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.
Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
Sales fell 6 percent in the first three months of 2025, suggesting that the brands latest turnaround attempt is gaining some ground with consumers in a tough market for luxury goods.
Sales fell 6 percent in the first three months of 2025, suggesting that the brands latest turnaround attempt is gaining some ground with consumers in a tough market for luxury goods.
The Japanese cosmetics giant reported an 8.5 percent decrease in sales on Monday, with particularly steep losses at the prestige skincare brand Drunk Elephant and its American and Chinese businesses.
The Japanese cosmetics giant reported an 8.5 percent decrease in sales on Monday, with particularly steep losses at the prestige skincare brand Drunk Elephant and its American and Chinese businesses.
While resale businesses are booming with a surge of new customers seeking value by shopping used amidst tariff-induced economic uncertainty, it creates more urgency for resale to innovate.
While resale businesses are booming with a surge of new customers seeking value by shopping used amidst tariff-induced economic uncertainty, it creates more urgency for resale to innovate.
The prestige hair care company posted net income of $0.5 million, a steep drop from $7.7 million in the same quarter of 2024.
The prestige hair care company posted net income of $0.5 million, a steep drop from $7.7 million in the same quarter of 2024.
The eyeglass maker generated its first net profit as a public company in the first quarter of the year but slightly adjusted its revenue guidance for the year.
The eyeglass maker generated its first net profit as a public company in the first quarter of the year but slightly adjusted its revenue guidance for the year.
The beauty giant, which makes fragrances and cosmetics for the likes of Gucci, Chloé and Calvin Klein, said a weaker US market would weigh on its earnings.
The beauty giant, which makes fragrances and cosmetics for the likes of Gucci, Chloé and Calvin Klein, said a weaker US market would weigh on its earnings.
Zalando exceeds first quarter revenue forecasts due to increased customers and strong spring/summer sales, maintaining its 2025 outlook.
Zalando exceeds first quarter revenue forecasts due to increased customers and strong spring/summer sales, maintaining its 2025 outlook.
Hugo Boss reported better than expected Q1 results and maintained its 2025 outlook despite US tariff concerns.
Hugo Boss reported better than expected Q1 results and maintained its 2025 outlook despite US tariff concerns.
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.
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.
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.
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
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.
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
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.
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.